Summary of SSBCI Activity in the Insular Areas (including American Samoa).

Friday, February 24, 2012
US State Department

Excerpt from : SSBCI Approved Programs in American Samoa, Commonwealth of Northern Mariana Islands, Guam and U.S. Virgin Islands
(As of February 24, 2012)

American Samoa
Allocation: $13.2 million

  • Collateral Support Program ($10.5 million): This is a new program which provides cash collateral to lenders up to 50% of the loan amount. The estimated average loan size would be $1.5 million with average collateral support of 15% of the loan amount.
  • American Samoa applied for $10.5 million of the $13.2 million allocation. The remaining allocated funds are available to American Samoa for at least two years following the original allocation if the territory can demonstrate that the remaining funds can be leveraged 10:1.
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