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.

SSBCI General Information

Preliminary Allocation to Tribal Governments – Methodology Summary

Preliminary Allocations for States Territories and Washington DC (including very small business allocations) (Updated 5/7/2021)

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.

September 16, 2021 – Notice of Intent to Apply due for Tribal governments (complete the Notice of Intent form for Tribal governments).

December 11, 2021 – Applications due for states, territories, Washington, DC, and Tribal governments (application form forthcoming).

March 11, 2022 – Applications due for municipalities located in states that do not apply for SSBCI (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