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.
Treasury will post guidance, forms, and other resources with information about the 2021 SSBCI program below as they become available.
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.
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. Read the SSBCI Tribal Consultation Summary here.
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, and Washington, DC must be initiated (application materials).
February 11, 2022 - Applications for SSBCI capital programs from states, territories, and Washington, DC must be completed (application materials).
March 11, 2022 – Applications due for municipalities located in states that do not apply for SSBCI (application materials)..