Quick Reference  |  Summary

Collateral Enhancement Program


Provides collateral to help small businesses secure loans.


Provides lending institutions with cash collateral deposits to use as additional collateral support for loans made to small businesses. A project is eligible when the value of the available collateral is insufficient to secure the loan. The collateral makes the loan less risky for the lending institution.

For Whom

Small and minority-owned businesses. However, collateral is delivered directly to lending institutions.

Program Contact

Minority Business Development Division, Natalie Burley, (614) 644-7249

How Much

Up to $1.5 million and up to 30 percent of loan amount (50 percent for HubZone or certified minority-owned businesses)

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