Items related to STATE SMALL BUSINESS CREDIT INITIATIVE: Michigan's...

STATE SMALL BUSINESS CREDIT INITIATIVE: Michigan's Use of Federal Funds for Capital Access and Credit Support Programs November 30, 2012 - Softcover

Office Of The Inspector General Department Of The Interior

 
9781505263268: STATE SMALL BUSINESS CREDIT INITIATIVE: Michigan's Use of Federal Funds for Capital Access and Credit Support Programs November 30, 2012
Softcover
ISBN 10: 1505263263 ISBN 13: 9781505263268
Publisher: CreateSpace Independent Publishing Platform, 2015

Synopsis

SSBCI is a $1.5 billion Treasury program that provides participating states, territories, and eligible municipalities with funding to strengthen 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, and venture capital programs. Each participating state is required to designate specific departments, agencies, or political subdivisions to implement the programs approved for funding. The designated state entity distributes the SSBCI funds to various public and private institutions, which may include a subdivision of another state, a for-profit entity supervised by the state, or a non-profit entity supervised by the state.

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Publisher
CreateSpace Independent Publishing Platform
Publication date
2015
Language
English
ISBN 10 
1505263263
ISBN 13 
9781505263268
Binding
Paperback
Number of pages
36