Small Business Companion Loans

Companion loans of up to $5 million at a 4% fixed interest rate to help small businesses access capital that they may not otherwise obtain through conventional lending. The program lends up to 50% of total project costs (maximum $20 million in total project costs) and is administered under the US Treasury's State Small Business Credit Initiative (SSBCI). Borrowers must secure a minimum 1:1 private capital match. Loan positions can be senior, pari passu, or subordinate, subject to underwriting...