State Small Business Credit Initiative: Illinois' Use of Federal Funds for Capital Access and Other Credit Support Programs

ISBN-13: 9781505264128 / Angielski / Miękka / 2015 / 34 str.

Office of the Inspector General Departme

Opis

SSBCI is a $1.5 billion Treasury program that provides participating states, territories, and eligible municipalities with funding to strengthen Capital Access Programs (CAPs) and other credit support programs that provide financial assistance to small businesses and manufacturers. CAPs provide portfolio insurance for business loans based on a separate loan loss reserve fund for each participating financial institution. Other credit support programs include collateral support, loan participation, loan guarantee, direct lending, and venture capital programs.