/ Programs / Chickasaw Collateral Support Program

The Chickasaw Collateral Support Program

Interested small businesses work with our network of preferred lenders to determine eligibility. The program provides pledged cash deposits to preferred lenders to enhance the collateral position of qualified small business borrowers who would not otherwise be able to obtain financing. This program is available to any insured depository institution, insured credit union or community development financial institution (CDFI).

If you think your business is a good fit for the Chickasaw Collateral Support Program (CCSP), review the eligibility requirements below and contact one of our preferred lenders. If you have additional questions, please contact us.

Available Support Options

  • Maximum Loan Amount:

    $20 million

  • Maximum Collateral Support Amount:

    $5 million

  • Loan Types:

    Lines of Credit or Term Loans

view preferred lenders
The Process

Simple Steps to Get Started

Step one
arrow down
Step two
Arrow up
Step three
arrow down
Step four
Verify Your Eligibility
See information below
to determine eligibility.
Contact a Lender
Contact a CCSP Preferred
Lender to discuss loan options.
Complete Application
Lender requests
collateral support from CCSP.
Get Approved
CCSP reviews lender's
request for approval.
Step one
Verify Your Eligibility
See information below
to determine eligibility.
Step two
Contact a Lender
Contact a CCSP Preferred
Lender to discuss loan options.
Step three
Complete Application
Lender requests
collateral support from CCSP.
Step four
Get Approved
CCSP reviews lender's
request for approval.
Before You Apply

Determine Your Eligibility

  • The business has no more than 750 employees, according to the definition in 12 CFR ยง121.106
    PDF File View Full Definition
  • Qualified businesses must be owned and controlled by socially and economically disadvantaged individuals (SEDI)
    PDF File View Full Definition
  • Qualified businesses must be duly organized in the United States
  • Qualified businesses must agree to provide quarterly reporting information including revenues, expenses, jobs created and other information as requested for the duration of participation in the Chickasaw Collateral Support Program
  • Qualified businesses must sign all required certifications under the State Small Business Credit Initiative regulations
    PDF File View Certifications
Have a Question?
 
 
 
 
 
Get Answers

Frequently Asked Questions

01. Question:
Can I qualify for the program if I do not have any collateral?
Answer:
The CCSP is ideal for small businesses that are creditworthy but do not have the necessary collateral to secure a loan. Please contact your bank or any preferred lender offering the Chickasaw Collateral Support Program to discuss your project further.
02. Question:
What is an eligible business purpose under the CCSP?
Answer:
  • Lines of credit
  • Startups
  • Acquisitions
  • Fixed asset purchases
  • Purchase or construction of building (limited to 51% owner occupied)
03. Question:
What is not an eligible business purpose under the CCSP?
Answer:
  • Acquiring or holding passive investments in real estate
  • Purchase of securities
  • Lobbying activities
04. Question:
What if my current lender is not familiar with the CCSP?
Answer:
Lenders wishing to opt in to CCSP program may contact us for more information.
05. Question:
What are the loan terms offered under the CCSP?
Answer:
The interest rates and collateral requirements, along with other loan requirements, are negotiated between the borrower and the lender.
06. Question:
I am a lending institution and I am interested in participating in the CCSP. How can I apply?
Answer:
Any insured bank, insured credit union, community bank or insured community development financial institution may be considered for participation in the CCSP. If you are interested, please contact us.