Nevada SSBCI Collateral Support Program
Nevada Governor's Office of Economic Development (GOED), operated by Nevada Battle Born Growth Escalator, Inc.
Up to 49.9% of collateral, max $5M
Fills the collateral gap on your loan
A credit-enhancement program under Nevada's State Small Business Credit Initiative (SSBCI), administered by the Governor's Office of Economic Development and operated by the nonprofit Nevada Battle Born Growth Escalator, Inc. It is designed to help small businesses obtain financing they would otherwise be denied because of a collateral shortfall. The program pledges a cash collateral account to a participating Nevada bank or credit union to strengthen the collateral coverage on a specific loan. It can provide up to 49.9% of the collateral on a loan, to a maximum of $5 million, on total loan sizes up to $20 million. The program emphasizes businesses at least 51% owned by individuals who have faced historical or systemic barriers to capital. Businesses access it through a participating lender, not by applying to the state directly.
- Funding type
- Loan
- Level
- State
- Amount range
- Up to 49.9% of collateral, max $5M
- Realistic amount
- Most Nevada small business borrowers use the program on commercial loans well under the $20M…
- Deadline
- Rolling — enrolled at loan origination through a participating lender.
- Status
- active
- States
- Nevada
- Payment model
- loan
Who qualifies
- Nevada small business seeking a loan from a participating bank or credit union
- Loan otherwise unavailable due to a collateral shortfall
- Total loan size must not exceed $20,000,000
- Program prioritizes businesses at least 51% owned by individuals who certify they belong to a group that has faced historical or systemic barriers to capital (SEDI)
- Must work through a participating lender
What it covers
Eligible expenses
- Working capital
- Equipment
- Real estate / facilities
- Most commercial loan purposes (lender-determined)
Ineligible expenses
- Uses prohibited under SSBCI federal guidelines (e.g., passive real estate, certain restricted business types)
How to apply
-
1
Arrange a loan with a participating lender
Apply for a commercial loan at a participating Nevada bank or credit union. If the loan is approvable except for a collateral shortfall, the lender can request collateral support.
~6 hrs
-
2
Lender requests collateral support
The lender coordinates with Battle Born Growth / GOED to pledge a cash collateral account covering up to 49.9% of the loan's collateral (max $5M).
~2 hrs
-
3
Pay fees and close
Pay the closing fee (up to 3% of the SSBCI advance) and the negotiated annual fee (up to 3%); the loan closes with the enhanced collateral coverage.
~1 hrs
Collateral support only helps if your loan is otherwise bankable — it fills a collateral gap, not a cash-flow or credit gap. Ask your lender whether they are a Battle Born Growth / Nevada SSBCI participating institution and frame your ask around the specific collateral shortfall; the 51%-SEDI-ownership focus can strengthen your priority. Watch the up-to-3% closing and up-to-3% annual fees when you price the deal.
Deadline & timing
No application window. Collateral support is arranged with a participating bank or credit union when a loan is being made, subject to remaining SSBCI program capacity. GOED received a second SSBCI tranche from the U.S. Treasury and the program continues in its next phase.
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Last reviewed 2026. GrantCompass is an independent funding-discovery tool and is not affiliated with any government agency. Always confirm details on the official program page.