{"id":6477,"date":"2013-09-03T09:14:24","date_gmt":"2013-09-03T15:14:24","guid":{"rendered":"http:\/\/financenewmexico.org\/?p=6477"},"modified":"2020-08-26T10:20:16","modified_gmt":"2020-08-26T16:20:16","slug":"collateral-support-program","status":"publish","type":"post","link":"https:\/\/financenewmexico.org\/sandbox\/glossary\/collateral-support-program\/","title":{"rendered":"Collateral Assistance Program"},"content":{"rendered":"<p>The Collateral Assistance Program, previously known as the Collateral Support Participation Program, allows the <a title=\"NM Economic Development Department\" href=\"http:\/\/financenewmexico.org\/resources\/general-business-assistance\/nm-economic-development-department\/\">New Mexico Economic Development Department<\/a> to pledge cash to cover a borrower&#8217;s collateral shortfall. The program enables small businesses that would qualify for a bank loan if not for the collateral shortfall, to become eligible for a loan. Business owners apply through an authorized bank, which initiates the <a href=\"https:\/\/gonm.biz\/business-development\/edd-programs-for-business\/finance-development\/nm-credit-enhancement-program\/\" target=\"_blank\" rel=\"noopener noreferrer\">Collateral Support Program<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Collateral Assistance Program, previously known as the Collateral Support Participation Program, allows the New Mexico Economic Development Department to pledge cash to cover a borrower&#8217;s collateral shortfall. The program enables small businesses that would qualify for a bank loan &hellip; <a href=\"https:\/\/financenewmexico.org\/sandbox\/glossary\/collateral-support-program\/\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[293],"tags":[],"_links":{"self":[{"href":"https:\/\/financenewmexico.org\/sandbox\/wp-json\/wp\/v2\/posts\/6477"}],"collection":[{"href":"https:\/\/financenewmexico.org\/sandbox\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/financenewmexico.org\/sandbox\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/financenewmexico.org\/sandbox\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/financenewmexico.org\/sandbox\/wp-json\/wp\/v2\/comments?post=6477"}],"version-history":[{"count":8,"href":"https:\/\/financenewmexico.org\/sandbox\/wp-json\/wp\/v2\/posts\/6477\/revisions"}],"predecessor-version":[{"id":10588,"href":"https:\/\/financenewmexico.org\/sandbox\/wp-json\/wp\/v2\/posts\/6477\/revisions\/10588"}],"wp:attachment":[{"href":"https:\/\/financenewmexico.org\/sandbox\/wp-json\/wp\/v2\/media?parent=6477"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/financenewmexico.org\/sandbox\/wp-json\/wp\/v2\/categories?post=6477"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/financenewmexico.org\/sandbox\/wp-json\/wp\/v2\/tags?post=6477"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}