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State Small Business Credit Initiative

Open Date:

11/22/2021

Close Date:

Applications for states, the District of Columbia, and territories are due by 2/11/2022. Applications for Tribal governments are due by 5/11/2022.

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?

No

Funded by:

U.S. Department of Treasury

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: [email protected].

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.

Funding Details

Funding Source:
Funding Type:
Grant – no match
Total Amount Available:
$0
Limit per Applicant:
No limit stated
Estimated Awards:
Not stated

Applicant Guidance

Contact Information

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