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State Small Business Credit Initiative
- Currently Closed
Open Date:
Close Date:
Upcoming Milestones:
March 11, 2022 – Applications due for municipalities located in states that do not apply for SSBCI (application form forthcoming).
March 31, 2022 – Applications for SSBCI technical assistance from states, territories, and Washington, DC are due (application form forthcoming).
May 11, 2022 – Applications for SSBCI capital programs from Tribal governments must be initiated and completed (application materials).
July 11, 2022 – Applications for SSBCI technical assistance from Tribal governments are due (application form forthcoming).
For additional information, visit https://home.treasury.gov/policy-issues/small-business-programs/state-small-business-credit-initiative-ssbci .
Eligible Recipients:
- Native/Tribal Entity
- State Government
Program Purpose:
- Economic Development
Reserved for Energy
Communities?
Bureau/Office
Funded by:
Overview
NOTE: The application portal was launched on 11/22/2021 and email instructions and a link were emailed to eligible jurisdiction point(s) of contact that same day. If you did not receive an email, please contact Treasury at: ssbci_information@treasury.gov.
This program is provided through the U.S. Department of Treasury and offers funding to States, Territories, and Tribes who provide or contract small business lending, credit enhancement (collateral, guarantee programs), and venture capital, with the intent of crowding in private capital for underserved small businesses.
Related Resources
Additional information is available on the Resources page.Funding Details
Funding Source:
- Ongoing Appropriation