Cash Collateral Support (CCS) creates greater access to capital for small and medium sized businesses operating in Colorado that are experiencing difficulty securing credit due to collateral shortfalls. CCS uses small amounts of public resources to encourage private lender financing. The program provides a deposit of cash as collateral for a business loan or credit facility when a business cannot meet the lender’s collateral requirements.
The Colorado Economic Development Commission and the Colorado Office of Economic Development and International Trade provided $15.2 million in funding for CCS utilizing federal Small Business Jobs Act of 2010 funds (specifically the State’s Small Business Credit Initiative).
Visit www.chfainfo.com to learn more about the CCS program, or call CHFA’s Denver office at 1-800-877-2432 or Western Slope office at 1-800-877-8450 for additional information.