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Current as of January 01, 2022 | Updated by FindLaw Staff
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.
Cite this article: FindLaw.com - Rhode Island General Laws Title 42. State Affairs and Government § 42-64.25-5. Program loan structures - last updated January 01, 2022 | https://codes.findlaw.com/ri/title-42-state-affairs-and-government/ri-gen-laws-sect-42-64-25-5/
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