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VA

Virginia Small Business Financing Authority Cash Collateral Program

State credit enhancement that helps lenders make small business loans by pledging cash collateral.

About this program

The VSBFA Cash Collateral Program supports small business lending by placing cash collateral with a participating bank to reduce lender risk. Norfolk small businesses may benefit when a lender needs additional collateral support to approve a loan.

Eligibility

Eligible Virginia small businesses working with participating lenders on qualifying loans.

Requirements

  • Virginia small business borrower
  • Participating lender
  • Collateral shortfall or credit-enhancement need