U.S. Department of the Treasury

SSBCI was originally established in 2010 and was highly successful in increasing access to capital for traditionally underserved small businesses and entrepreneurs. The new SSBCI builds on this successful model and is expected to catalyze up to $10 of private investment for every $1 of SSBCI capital funding, amplifying the effects of this funding and providing small business owners with the resources they need to sustainably grow and thrive.

Through SSBCI, jurisdictions provide funding to small businesses through equity/venture capital programs, loan participation programs, loan guarantee programs, collateral support programs, and capital access programs tailored to local market conditions. In addition, Treasury, recipient jurisdictions, and the Minority Business Development Agency at the U.S. Department of Commerce will support technical assistance to improve access to capital, including for traditionally underserved entrepreneurs.

SSBCI NEWS

Recent SSBCI News and Announcements from the last 60 days: 

TA Grant Program Application Deadline Extended for Tribal Governments (3/16/2023)

Treasury Announces Approval of Up to $890.7 Million to Support Small Business Success Across Three States (3/2/2023)

Treasury Announces Approval of Up to $353.4 Million to Support Small Business Success Across Four States | U.S. Department of the Treasury (2/27/2023)

Treasury Announces Approval of Up to $339 Million to Support Small Business Success Across Three States and Two U.S. Territories | U.S. Department of the Treasury (2/23/2023)

Treasury Department Announces Puerto Rico to Receive up to $109 Million to Promote Small Business Growth and Entrepreneurship through President Biden’s American Rescue (2/9/2023)

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

July 28, 2023 - Applications for SSBCI technical assistance funding from Tribal governments are due (application materials).

PROGRAM Rules and materials

Technical Assistance Grant Program Preliminary Allocations to Tribal Governments - Methodology Summary

Technical Assistance Grant Program Tribal Consult Summary

Capital Program Policy Guidelines (Updated 12/15/2022)

Frequently Asked Questions – SSBCI Capital and TA Grant Programs (Updated 12/8/2022)

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

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.