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MI
Michigan Collateral Support Program
Collateral support to help eligible Michigan businesses access loans.
About this program
The Michigan Collateral Support Program supplies pledged cash collateral accounts to participating lenders to help eligible companies secure financing when collateral shortfalls would otherwise prevent a loan.
Eligibility
Eligible Michigan businesses with a participating lender and a documented collateral shortfall for a qualified expansion or business financing project.
Requirements
- Apply through a participating lender
- Document collateral gap, borrower eligibility, and qualified loan purpose
- Meet lender underwriting and MEDC program conditions