SSBCI in California for Financial Institutions
For financial institutions, SSBCI credit enhancements are risk management tools available only when lending to small businesses. CPCFA currently offers two SSBCI credit enhancement programs, and IBank offers one.
- CPCFA’s CalCAP for Small Business offers post-disbursement enrollment for microloans, and loans and lines of credit up to $5 million. The maximum enrolled amount is $2.5 million. The maximum claim amount is 100% of the loss, subject to the balance of the loan loss reserve account.
- CPCFA’s CalCAP Collateral Support offers a cash pledge to address inadequate or non-existent collateral for loans and lines of credit from $25,000 to $20 million. The maximum enrolled amount is $20 million with maximum cash pledge of $10 million. The maximum claim amount is 100% of the loss, subject to the balance of the collateral support account.
- IBank’s Small Business Loan Guarantee addresses a wide range of underwriting concerns for loans and lines of credit up to $20 million. The maximum guarantee amount is $5 million. The maximum claim amount is 80% of the loss, subject to the selected percentage.