State Small Business Credit Initiative (SSBCI)

On March 11, 2021, President Biden signed The American Rescue Plan Act, which reauthorized and funded the State Small Business Credit Initiative (SSBCI). The new version of the SSBCI program provides a combined $10 billion to states, the District of Columbia, territories, and Tribal governments to empower small businesses to access capital needed to invest in job-creating opportunities as the country emerges from the pandemic. The funds will also support recipient jurisdictions in promoting American entrepreneurship and democratizing access to startup capital across the country, including in underserved communities. 

SSBCI Program Fact Sheet

List of Proposed Programs and Contacts (Updated 9/2/2022)

SSBCI NEWS

Recent SSBCI News and Announcements from the last 60 days: 

TA Grant Program Application Deadline Extended for Tribal Governments (12/6/2022)

Treasury Announces Seven Additional States to Receive up to $1.5 Billion from U.S. Treasury Department to Promote Small Business Growth and Entrepreneurship through the American Rescue Plan (12/6/2022)

Tribal Government Capital Program Application Submissions (11/29/2022)

Request for Information: Treasury posted a request for information (RFI) in the Federal Register to gather input from the public about SSBCI’s Technical Assistance programs. Responses are due November 3, 2022. (note that the comment deadline has been extended). After reviewing the RFI, commenters can post their comments on Regulations.gov.

Treasury Announces Eleven Additional States to Receive up to $1 Billion from U.S. Treasury Department to Promote Small Business Growth and Entrepreneurship through the American Rescue Plan (10/11/2022)

California to Receive up to $1.1 Billion from U.S. Treasury Department to Promote Small Business Growth and Entrepreneurship through the American Rescue Plan (9/21/2022)

Capital Program Application Deadline Extended for Tribal Governments (Updated 8/26/2022)

Treasury Approves Four Additional State Plans to Support Underserved Entrepreneurs and Small Business Growth Through the State Small Business Credit Initiative (8/19/2022)

Treasury Launches the 2021 State Small Business Credit Initiative (SSBCI) Technical Assistance Grant Application Portal on 8/1/2022

Treasury Announces North Carolina Approved to Receive Up to $201.9 Million to Promote Small Business Growth and Entrepreneurship through the American Rescue Plan (7/29/2022)

Treasury Approves Nine Additional State Plans to Support Underserved Entrepreneurs and Small Business Growth Through the State Small Business Credit Initiative (7/18/2022)

Treasury Announces First State Small Business Credit Initiative Awards to Support Underserved Entrepreneurs and Small Business Growth in Key Industries (5/19/2022)

Treasury Announces Plans to Deploy $300 Million in Technical Assistance to Underserved Entrepreneurs and Very Small Businesses through the State Small Business Credit Initiative (4/28/2022)

Treasury Launches Historic Equity Measurements for American Rescue Plan Small Business Investments Program - Press Release 3/3/2022

Demographics-Related Reporting Requirements: Interim Final Rule (IFR)

Tribal government Notice of Intent (NOI) Submissions (Updated 1/31/2022)

 

UPCOMING DATES

March 31, 2023 - Applications for SSBCI technical assistance funding from Tribal governments are due (application materials).

 

PROGRAM Rules and materials

Frequently Asked Questions – SSBCI Capital and TA Grant Programs (Updated 12/7/2022)

Capital Program National Compliance Standards (11/17/2022)

Capital Program Policy Guidelines (Updated 10/7/2022)

Capital Program Reporting Guidance (Updated 9/30/2022)

Technical Assistance Program Application Template

Technical Assistance Supporting Material 

Sample Technical Assistance Notice of Award

Capital Program Sample Certifications (Updated 7/28/2022)

Preliminary Technical Assistance Grant Program Allocation Table (4/28/2022)

Technical Assistance Grant Program Guidelines (4/28/2022)

Sample Capital Allocation Agreement

SEDI Objectives

Allocations for States Territories Washington DC and Tribal Governments

Preliminary Allocation to Tribal Governments – Methodology Summary (Updated 11/10/2021)

 

2021 SSBCI ARCHIVES

Documents, timelines, and other resources related to the 2021 allocation of the SSBCI program can be accessed here 2021 Archive.

 

2011-2017 SSBCI ARCHIVES

Documents and resources from the 2010 SSBCI Allocation which operated from 2011-2017 can be found at 2010-2017 Archive. Note that application materials, program requirements, and guidance will be revised for the 2021 round of SSBCI.

 

Contact Us

Any questions regarding the SSBCI program should be submitted to ssbci_information@treasury.gov.

 

Please note that Treasury has assigned individual Outreach Managers to each State, Territory, and Tribal Government to serve as an individualized point of contact for the SSBCI Program. If you are a Participating Jurisdiction and do not know who your outreach manager is, please contact ssbci_information@treasury.gov.