§ 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.
Structure Rhode Island General Laws
Title 42 - State Affairs and Government
Chapter 42-64.25 - Small Business Assistance Program
Section 42-64.25-1. - Short title.
Section 42-64.25-2. - Statement of intent.
Section 42-64.25-3. - Establishment of small business capital access fund.
Section 42-64.25-4. - Qualifications of lending organizations.
Section 42-64.25-5. - Program loan structures.
Section 42-64.25-6. - Micro-loan allocation.
Section 42-64.25-7. - Lending organization reports.
Section 42-64.25-9. - Termination.
Section 42-64.25-10. - Discretion.
Section 42-64.25-11. - Limitations.
Section 42-64.25-12. - Reporting requirements.