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.

  • Maximum Loan Amount: $1 million
  • Maximum Collateral Support Amount: $250,000
  • Minimum Equity Requirement: 10%
  • Quick Turnaround: for qualifying loan amounts

For more information about the SSBCI Collateral Support Program, download the brochure or visit the Frequently Asked Questions.

*Please note: SSBCI has been authorized for seven years, and this site will be continuously updated as necessary. To receive email updates about the latest SSBCI news and information, along with updates on other programs and services offered by LED for small businesses, click here. If you have a question for the Louisiana SSBCI team, email

  • Eligibility Caret Down
    • Authorized to conduct business in Louisiana and maintains an office in Louisiana
    • 100 employees or less
    • Eligible business purposes include, but are not limited to, start-up costs, working capital, business procurement, franchise fees, equipment, inventory, as well as the purchase, construction, renovation or tenant improvements of an eligible place of business that is not for passive real estate investment purposes. The definition of business purpose excludes activities that relate to acquiring or holding passive investments such as commercial real estate ownership, the purchase of securities; and lobbying activities as defined in Section 3(7) of the Lobbying Disclosure Act of 1995, P.L. 104-65, as amended.
  • Ineligible Businesses and Purposes Caret Down
    • Restaurants,  grills, cafes, fast food operations, motorized vehicle, trailer, curb-side, sidewalk or street vendor food operations that have been in business less than 2 years
    • Bars, saloons and other businesses established for the principal purpose of selling or distributing alcohol
    • Gaming or gambling
    • Pyramid sales
    • Financial services
    • Speculative real estate
    • Owner to owner buyouts
    • Refinancing
    • Recreational park, theme park, amusement park or camping facility
    • A business engaged in activities that are prohibited by federal law to include direct and indirect marijuana businesses.
  • Program Rules Caret Down
    • All incentive program rules are in the Louisiana Administrative Code maintained by the Office of the State Register.
    • View the Titles of the Louisiana Administrative Code
    • Rules for the SSBCI Collateral Support Program ARPA 2021 can be found in Part VII, Subpart 13, Chapter 91.
  • Application Process Caret Down
    • Download the Collateral Support Application.
    • Contact an LED Preferred Lender (see list below) or any Louisiana insured depository bank, insured depository credit union or insured depository community development financial institution of your choosing to inquire about applying for a business loan using the Collateral Support Program.
    • Complete the lender’s loan application and provide any supporting application documents requested.
    • Lender submits the borrower’s completed CSP application to LEDC.
    • LEDC staff reviews the CSP application and makes recommendation to the appropriate LEDC approval body.
    • After review of the application packet by the appropriate LEDC committee/board, LEDC notifies the lender of the outcome.

LED Preferred Lenders

Any Louisiana insured depository bank, insured depository credit union or insured depository community development financial institution may participate in the SSBCI Collateral Support Program by formally opting into the program. LED Preferred Lenders have taken additional steps to demonstrate that they meet all eligibility requirements and have an active interest in Louisiana SSBCI program loan programs. To date, the following financial institutions have qualified for LED Preferred Lender status:

Bank of St. Francisville
Caldwell Bank

Service Area: Northeast Louisiana (Caldwell Parish, East Carroll Parish, West Carroll Parish & Franklin Parish)

Citizens Bank and Trust of Vivian
Citizens Progressive Bank
Evangeline Bank

Service Area: Ville Platte, Opelousas, Lafayette, Crowley, Lake Charles, Alexandria & Pineville

Lenders wishing to opt-in to SSBCI’s CSP program may contact LED for more information by emailing or completing the online application here.