The American Rescue Plan Act reauthorized and expanded the State Small Business Credit Initiative (SSBCI) to provide $10 billion to support small businesses and empower them to access the capital needed to invest in job-creating opportunities as the country emerges from the pandemic. SSBCI provides funds to states, the District of Columbia, territories, and Tribal governments to promote American entrepreneurship, support small business ownership, and democratize access to capital across the country, including in underserved communities.
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)
UPCOMING DATES
July 28, 2023 - Applications for SSBCI technical assistance funding from Tribal governments are due (application materials).
PROGRAM Rules and materials
SSBCI 2.0
Frequently Asked Questions – SSBCI Capital and TA Grant Programs (Updated 5/9/2023)
SSBCI Fact Sheet: Transactions to Support Broad-Based Employee Ownership in a Business
CAPITAL PROGRAM
Capital Program Policy Guidelines (Updated 12/15/2022)
Capital Program Reporting Guidance (Updated 9/30/2022)
Capital Program Sample Certifications (Updated 7/28/2022)
Capital Program National Compliance Standards (11/17/2022)
Allocations for States Territories Washington DC and Tribal Governments
Preliminary Allocation to Tribal Governments – Methodology Summary (Updated 11/10/2021)
Sample Capital Allocation Agreement
TECHNICAL ASSISTANCE GRANT PROGRAM
Technical Assistance Grant Program Guidelines (4/28/2022)
Technical Assistance Supporting Material
Technical Assistance Program Application Template
Sample Technical Assistance Notice of Award
Preliminary Technical Assistance Grant Program Allocation Table (4/28/2022)
Technical Assistance Grant Program Tribal Consult Summary
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.