R.I. Gen. Laws § 42-64.25-5

Current through 2024 Public Law 457

Section 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.

R.I. Gen. Laws § 42-64.25-5

Added by 2015 Pub. Laws, ch. 141,§ 19-8, eff. 6/30/2015.