State Small Business Credit Initiative (SSBCI)

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 Program Fact Sheet (June 2023)

List of SSBCI Capital Programs and Contacts

Capital Program Summaries

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.



Recent SSBCI News and Announcements from the last 60 days: 

Treasury Department Releases First Quarterly Report on Deployment of SSBCI Capital to Small Businesses (12/21/2023)

READOUT: At White House Tribal Nations Summit, Deputy Secretary of the Treasury Wally Adeyemo Announces New Small Business Funding for Tribal Communities (12/7/2023)

Treasury Department Announces New Funding to Support Small Businesses in 20 States as Part of the Biden-Harris Administration’s Investing in America Agenda (11/21/2023)

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)

Treasury Department Releases Report Card on How President Biden’s Investing in America Agenda is Supporting Record Small Business Growth (10/23/2023)



Coming Soon!


PROGRAM Rules and materials


Frequently Asked Questions – SSBCI Capital and TA Grant Programs (Updated 2/21/2024)

SSBCI Tribal Government Implementation Snapshot (12/7/2023)

State Small Business Credit Initiative In Action (10/20/2023)

SSBCI Opportunities for Community Development Financial Institution (CDFI) Loan Funds (August 2023)

SSBCI Fact Sheet: Transactions to Support Broad-Based Employee Ownership in a Business


Capital Program Reporting Guidance (Updated 2/21/2024)

Capital Program Policy Guidelines (Updated 12/4/2023)

Capital Program Sample Certifications (Updated 7/28/2022)

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

SEDI Objectives

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 Preliminary Allocations to Tribal Governments - Methodology Summary (Updated 7/14/2023)

Technical Assistance Grant Program Guidelines (4/28/2022)

Technical Assistance Grant Program Reporting Guidance (6/7/2023)

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


Frequently Asked Questions - SSBCI Investing in America SBOP (01/24/2024)

SSBCI Investing in America Small Business Opportunity Program (SBOP) Pre-Application Webinar II (1/17/2024)

SSBCI Investing in America Small Business Opportunity (SBOP) DRAFT Application Template (Application Materials)

SSBCI Investing in America Small Business Opportunity (SBOP) One Pager (1/8/2024)

SSBCI Investing in America Small Business Opportunity Program (SBOP) Pre-Application Webinar (11/6/2023)

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



Documents, timelines, and other resources related to the 2021 allocation of the SSBCI program can be accessed here 2021 Archive.



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


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.