©2017 Michigan Economic Development Corporation
The Collateral Support and Loan Participation Programs are funded by federal dollars provided under the State Small Business Credit Initiative (SSBCI) Act of 2010, and are designed to assist lenders and borrowers in financing expansion or diversification projects.
The Collateral Support Program seeks to enable suppliers to acquire the necessary financing that might otherwise be unavailable due to a collateral shortfall according to the lender’s analysis. The program will supply pledged cash collateral accounts to lenders to achieve this goal for approved projects.
The Loan Participation Program seeks to enable companies to acquire the necessary financing that might otherwise be unavailable due to a cash flow shortage according to the lender’s analysis. The program will participate on loans with lenders to pursue this goal for approved projects.
To contact a business development specialist,
click here or call
300 N. Washington Sq., Lansing, MI 48913