WVCAP Collateral Support
Provides collateral enhancement to help West Virginia businesses secure conventional bank loans they otherwise cannot obtain.
The WVCAP Collateral Support program is administered by the West Virginia Jobs Investment Trust (WVJIT) and the West Virginia Economic Development Authority (WVEDA) under the WVCAP umbrella, which is capitalized through the U.S. Treasury State Small Business Credit Initiative (SSBCI). The program addresses a specific barrier to bank lending: businesses that are operationally creditworthy but canno…
Enhances collateral to help creditworthy West Virginia businesses access conventional bank loans they would otherwise be unable to secure due to a collateral shortfall.
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