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 NEWS
Recent SSBCI News and Announcements from the last 60 days:
Application Deadlines Extended for Tribal Governments (Updated 4/21/2022)
Demographics-Related Reporting Requirements: Interim Final Rule (IFR)
Technical Assistance Deadline Extension for States, the District of Columbia, and Territories
Tribal government Notice of Intent (NOI) Submissions (Updated 1/31/2022)
UPCOMING DATES
June 30, 2022 – Applications for SSBCI technical assistance funding from States, the District of Columbia, and Territories are due (application portal forthcoming)
September 1, 2022 - Applications for SSBCI capital programs from Tribal governments must be initiated and completed (application materials).
September 1, 2022 - Applications for SSBCI technical assistance funding from Tribal governments are due (application portal forthcoming).
PROGRAM Rules and materials
Capital Program Reporting Guidance (5/9/2022)
Preliminary Technical Assistance Grant Program Allocation Table (4/28/2022)
Technical Assistance Grant Program Guidelines (4/28/2022)
Sample Capital Allocation Agreement
Capital Program Policy Guidelines
Capital Program Frequently Asked Questions – March 2022
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.