Rhode Island § 42-64.25-5 § 42-64.25-5. Program loan structures.

Rhode Island Statutes

§ 42-64.25-5 — § 42-64.25-5. Program loan structures.

Rhode Island § 42-64.25-5

Title 42State Affairs and Government

Ch. 42-64.25Small Business Assistance Program

This text of Rhode Island § 42-64.25-5 (§ 42-64.25-5. Program loan structures.) is published on Counsel Stack Legal Research, covering Rhode Island primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

R.I. Gen. Laws § 42-64.25-5 (2026).

Text

§ 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.

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§ 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.