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Collateral Support Program
Attached is information regarding the new Collateral Support Program (CSP) that is being offered through the Department of Commerce. The attached PDF document is a copy of the PowerPoint presentation, and it provides an overview of the CSP. The attached Word document is the actual application form your organization must complete to be a participant in the program.

This program offers lenders participating in the SBA 504 Loan Program another option for additional collateral on the interim loan during the period prior to debenture funding. This allows the lender to add collateral to the interim loan so that LTV rate during this period is closer to (or equal to) conforming guidelines and lender policy.

It is important that you first sign your financial institution up to participate in this program. By signing up for the program, you will be one step ahead of the game for when it’s time for your organization to apply for the CSP funding.

For more information, please visit the Collateral Support Program website.
Effective Rates
September 2017

20 Year Rate: 4.376%
10 Year Rate: 4.152%

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