State Affairs and Government

CHAPTER 42-64.25
Small Business Assistance Program

SECTION 42-64.25-5

§ 42-64.25-5. Program loan structures.

Loan programs shall be structured by the commerce corporation that may include, but not be limited to, the following programs: (a) financing programs for companies that require additional capital outside of conventional senior debt or equity financing channels; (b) direct lending of subordinated and mezzanine debt; (c) collateral support in the form of credit enhancement; (d) pledge of cash collateral accounts to lending institutions to enhance collateral coverage of individual loans; and (e) technical assistance to small businesses.

History of Section.
(P.L. 2015, ch. 141, art. 19, § 8.)