State Small Business Credit Initiative (SSBCI)

The State Small Business Credit Initiative (SSBCI) is a nearly $10 billion program to support small businesses and entrepreneurship in communities across the United States by providing capital and technical assistance to promote small business stability, growth, and success. SSBCI represents a transformational investment in American small businesses and is expected to catalyze up to $10 of private investment for every $1 of SSBCI Capital Program funding to increase access to capital to small businesses and entrepreneurs, including those in underserved communities.

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Reauthorized and expanded by President Biden’s American Rescue Plan Act (ARPA), the SSBCI Capital Program provides funds to states, the District of Columbia, territories, and Tribal governments for those jurisdictions to create tailored programs that offer funding to small businesses and entrepreneurs through equity/venture capital, loan participation, loan guarantee, collateral support, and  capital access programs.

In addition to capital access, SSBCI funding unlocks access to critical technical assistance through SSBCI’s formula Technical Assistance Grant Program and the SSBCI Investing in America Small Business Opportunity Program (SBOP). The Minority Business Development Agency at the U.S. Department of Commerce, through its Capital Readiness Program, also supports technical assistance to improve access to capital, including in traditionally underserved communities, with SSBCI funding.

SSBCI bolsters small business support networks – helping participating jurisdictions to invest in the future of the American economy, both on Main Street and in innovation hubs across the nation.

SSBCI Program Fact Sheet (June 2023)

List of SSBCI Capital Programs and Contacts

Capital Program Summaries

ssbci success spotlights

  • Mobilizing the Workforce Across the Country, from Kansas

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    Founded by sisters Deborah Gladney and Angela Muhwezi-Hall, WorkTorch is a service industry career platform dedicated to connecting industry professionals and companies. NetWork Kansas made an SSBCI-supported investment in the company through the GROWKS Equity Program, alongside $2.2 million in private financing — enabling Gladney and Muhwezi-Hall to scale WorkTorch’s platform and capabilities. 

  • Supporting Telehealth Innovation in Maryland

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    Baltimore-based, woman-owned telehealth tech company JuneBrain aims to provide remote monitoring devices to help physicians and patients access care for eye and brain health. JuneBrain’s AI-based eye-scanning solution is intended to enable providers to identify and monitor disease activity in their patients without requiring in-person appointments.

  • Supporting Expansion of Social Services in Latino Communities in Pennsylvania

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    The Latino Connection (TLC), based in Harrisburg, Pennsylvania, sees itself as a community-first organization. As a consultancy focused primarily on outreach and education initiatives to support underserved communities, the organization has a mission to educate, empower, and uplift the Latino community.

Read more Success Spotlights


Recent SSBCI News and Announcements

Treasury Department Releases Third Quarterly Report on Deployment of SSBCI Capital to Small Businesses (6/12/2024)

SSBCI Guidebook: Communications and Media Relations (6/3/2024)

Treasury Department Releases Second Quarterly Report on Deployment of SSBCI Capital to Small Businesses (3/29/2024)

Treasury Department Announces New Funding to Support Small Businesses in Six States and Three U.S. Territories as Part of the Biden-Harris Administration’s Investing in America Agenda (3/15/2024)

Virtual Remarks by Secretary of the Treasury Janet L. Yellen at the National Center for American Indian Enterprise Development Reservation Economic Summit (3/13/2024)

Vice President Harris, Treasury Department Announce New Funding for Historically Underserved Entrepreneurs in North Carolina as part of Administration’s Strategy to Invest in American Small Businesses (3/1/2024)

Treasury releases a new Economic Recovery Learning Agenda that includes research priorities for SSBCI

Treasury Department Releases Notice of Funding Opportunity (NOFO) for the $75 million SSBCI Investing in America Small Business Opportunity Program (10/25/2023)

Read more News and Announcements





Any questions regarding the SSBCI program should be submitted to

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



Program recipients with questions about reporting, technical issues, eligible uses of funds, or other items click here for self-service resources.