Revolving Loan Fund WebCourse Week is returning with the intro level on May 13-14 followed by the advanced level on May 15-16. Register for one or both of these courses to learn from experts about developing, implementing, and managing efficient and impactful revolving loan fund programs.

The U.S. Department of the Treasury announced the opening of the 60-day application window for the Investing in America Small Business Opportunity Program (SBOP) – a U.S. Treasury competitive grant program funded by the State Small Business Credit Initiative (SSBCI). Through the SBOP, eligible states, territories, and Tribal governments can compete for a share of $75 million to provide critical technical assistance to small businesses and entrepreneurs.

The U.S. Department of the Treasury announced six new awards to states and two new awards to territories under the State Small Business Credit Initiative (SSBCI) Technical Assistance Grant Program, totaling more than $27 million. These awards will be used to provide legal, accounting, and financial advisory services to eligible small businesses applying for the SSBCI capital program and other programs. Treasury also announced an award of $57 million for American Samoa under the SSBCI Capital Program. 

The U.S. Department of the Treasury announced an additional almost $105 million in State Small Business Credit Initiative (SSBCI) program approvals for tribes, bringing total approvals for tribal governments to $265 million, across 80 tribes. New approvals include almost $3 million to the Cheyenne and Arapaho Tribes of Oklahoma to expand access to credit for tribal-owned small businesses, including in the energy sector, with funds to be administered by a non-profit community development corporation.

2024 SSBCI Coalition Meetings
January 19, February 23, March 29, April 26, May 31, June 28, July 26, August 30, September 27, October 25, November 22, & December 13 - 1:00 PM - 2:00 PM Eastern

CDFA // BNY Mellon Development Finance Webcast Series: Why Bond Deals Go Bad
April 16, 2024 - 2:00 PM - 3:00 PM Eastern

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On March 29, 2024, the U.S. Department of the Treasury published its second State Small Business Credit Initiative (SSBCI) quarterly report, covering the period of October 1, 2023 through December 31, 2023.

On March 26, 2024, the U.S. Department of the Treasury held an informational webinar on the State Small Business Credit Initiative (SSBCI) Investing in America Small Business Opportunity Program (SBOP). The webinar also had guest speakers from the White House National Economic Council, the U.S. Department of Commerce, and the U.S. Department of Transportation.

On March 18, 2024, the U.S. Department of the Treasury published updated FAQs for the State Small Business Credit Initiative (SSBCI) Small Business Opportunity Program (SBOP).

On March 18, 2024, the U.S. Department of the Treasury published an updated FAQ for the State Small Business Credit Initiative (SSBCI). The update provides clarity on conflict-of-interest standards.

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