The Collateral Enhancement Program provides lending institutions with cash collateral deposits to use as additional collateral for loans made to eligible for-profit small businesses. Under the CEP, the Ohio Department of Development will open an interest bearing account with a Lender and deposit up to 30 percent of the loan amount where there is a collateral shortfall as determined by the Lender and the Ohio Department of Development (up to 50 percent of the loan amount for minority-owned businesses or businesses located in a Historically Underutilized Business Zone).

The participation and the enrollment process for Lenders and small businesses are simple.
Please take a moment to review the following program information:

Collateral Enhancement Program Description (pdf)
Collateral Enhancement Program Fact Sheet (pdf)
Collateral Enhancement Program Updates  (Coming Soon!)

Forms

Collateral Enhancement Program Cash Collateral Deposit Agreement (pdf)

Collateral Enhancement Program Lender Application  (pdf - submissions accepted after December 19, 2011))
Collateral Enhancement Program Borrower Certification Form  (pdf)
Collateral Enhancement Program Claim Form  (pdf)

Tools
Collateral Enhancement Program Term Loan Calculator (xls)
Collateral Enhancement Program Line of Credit Calculator (xls)

Contact Us
Office Business Assistance
Ohio Department of Development
77 South High Street, 24th Floor
Columbus, Ohio 43215-6108
(614) 644-7708