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Small Business Access to Capital Act - Overview

Small Business Access to Capital Act of 2020

The State Small Business Credit Initiative (SSBCI) was a federal financing program that delivered flexible, affordable capital to small businesses around the country. The expiration of the SSBCI Program in 2017 left a void in the marketplace for affordable small business loans. Small Business Access to Capital Act of 2020 (S. 3551) would provide $3 billion in funds to a reauthorized SSBCI Program and provide immediate access to capital for small businesses that desperately need it. The programs created by states under the original SSBCI are still in operation and would be ready to immediately deploy capital to businesses in need.

Reauthorization of SSBCI is one of the key tenets of CDFA’s COVID-19 Comprehensive Recovery Strategy. Based on the input of our 500+ members, CDFA’s policy proposals would allow state and local governments, through development finance agencies, to be immediate problem solvers that can help alleviate the extreme economic challenges facing small businesses and communities to put America securely on the path to recovery.

Below you will find links and resources to learn more, send support letters, and show your support to help pass S. 3551, the Small Business Access to Capital Act of 2020.

Read the CDFA Press Release

Share on LinkedIn

+Sign CDFA's Letter to Congress

+Send Letters to Your Elected Officials

+Summary of the Small Business Access to Capital Act of 2020


Questions or concerns? Contact CDFA's Government and External Affairs Team.

CDFA National Sponsors

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  • BNY Mellon
  • Bricker & Eckler LLP
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  • Business Oregon
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  • Fifth Third Bank
  • Frost Brown Todd, LLC
  • Hawkins Delafield & Wood LLP
  • Ice Miller LLP
  • KeyBanc Capital Markets
  • Kutak Rock LLP
  • McGuireWoods
  • MuniCap, Inc.
  • NW Financial Group, LLC
  • SB Friedman Development Advisors
  • Stern Brothers
  • Stifel Nicolaus
  • U.S. Bank
  • Wells Fargo Securities
  • Z. The Bond Buyer
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