Collateral Support Program (CSP)
The Collateral Support Program (CSP) was created to assist small business borrowers having difficulty getting approved for loans due to a shortfall in collateral. This program establishes pledged cash collateral accounts with participating lenders to enhance the loan collateral coverage for these borrowers. These collateral deposit accounts are established on an individual loan basis with the intent to mitigate a portion of the bank’s risk, in turn providing financial assistance to small business owners on acceptable terms and conditions. This program is available to any Louisiana insured depository institution, insured credit union or CDFI.