State Small Business Credit Initiative (SSBCI)

On March 11, 2021, President Biden signed The American Rescue Plan Act, which provided $10 billion to fund the State Small Business Credit Initiative (SSBCI).  SSBCI will fund state, territory, and Tribal government small business credit support and investment programs.

Program Details

Treasury will post guidance, forms, and other resources with information about the 2021 SSBCI program below as they become available.

Treasury Launches the 2021 State Small Business Credit Initiative (SSBCI) Application Portal on 11/22/2021

2021 State Small Business Credit Initiative (SSBCI) Application Material

U.S. Department of the Treasury Issues State Small Business Credit Initiative Program Implementation Guidance – Press Release 11/10/2021

State Small Business Credit Initiative (SSBCI) Capital Program Policy Guidelines – November 2021

State Small Business Credit Initiative (SSBCI) Program Fact Sheet - November 2021 

Notice of Intent Deadline Extended for Tribal Governments & Tribal Listening Session

Notice Regarding Applications for the State Small Business Credit Initiative (SSBCI)

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

Preliminary Allocations for States Territories Washington DC and Tribal Governments (in Aggregate) (Updated 11/10/2021)

Tribal Government Fact Sheet (Updated 8/18/2021)

Request for Information:  Treasury posted a request for information in the Federal Register to gather input from the public about SSBCI implementation. Responses are due June 4, 2021.

 

KEY Dates

April 9, 2021 – Treasury published allocation amounts available to each state, territory, and Washington, DC.

May 10, 2021 – Notice of Intent to Apply (NOI) due for states, territories, and Washington, DC. NOI forms have been emailed to eligible applicants. Contact Treasury with questions. 

May 13, 2021 – Treasury held a National SSBCI Information session for Tribes on Thursday, May 13, 2021 from 2:00 p.m. to 3:00 p.m. ET. Register for the National SSBCI Information session for Tribes.

May 27, 2021 – Treasury held a Tribal Consultation on SSBCI for Tribal Governments on Thursday, May 27, 2021 from 2:00 p.m. to 5:00 p.m. Register for the Tribal Consultation on SSBCI for Tribal Governments.

June 4, 2021 - Responses due for the request for information.

June 30, 2021 – Treasury provided preliminary allocation amounts to each Tribal government.

December 11, 2021 – Notice of Intent to Apply due for Tribal governments (Initiate application and complete Notice of Intent form for Tribal governments).

December 11, 2021 – Applications for SSBCI capital programs from states, territories, Washington, DC, and Tribal governments must be initiated (application materials).

February 11, 2022 - Applications for SSBCI capital programs from states, territories, Washington, DC, and Tribal governments must be completed (application materials).

March 11, 2022 – Applications due for municipalities located in states that do not apply for SSBCI (application form forthcoming).

March 31, 2022 - Applications for SSBCI technical assistance from states, territories, Washington, DC, and Tribal governments are due (application form forthcoming).

 

Archives

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

2011-2017 Program Materials

2011-2017 Program Rules

2011-2017 SSBCI Program Reports

Technical Assistance and Best Practices

 

Contact Us

Please direct questions to ssbci_information@treasury.gov