There is a newer version
of
this Section
2020 Rhode Island General Laws
Title 42 - State Affairs and Government
Chapter 42-64.25 Small Business Assistance Program
Section 42-64.25-5 Program loan structures.
Universal Citation: RI Gen L § 42-64.25-5 (2020)
§ 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.
History of Section.
(P.L. 2015, ch. 141, art. 19, § 8.)
Disclaimer: These codes may not be the most recent version. Rhode Island may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
