This notice provides information regarding the requirements and timeline for applications for SSBCI funding. As described below, applications for SSBCI capital programs must be initiated by December 11, 2021, and be completed by February 11, 2022;...

This SSBCI fact sheet for Tribal Governments was updated by the Department of the Treasury in August 2021. SSBCI will allocate at least $500 million to Tribal governments. A Notice of Intent to apply for SSBCI funds from Tribal governments is due...

This white paper, authored by three researchers at Drexel University's Nowak Metro Finance Lab, argues that to drive a recovery that expands opportunity and innovation, local leaders would be well put to think about ways they can maximize SSBCI...

Could Federal Reserve dollars from the American Rescue Plan be used to support employee ownership? If capital were to flow in larger amounts to employee ownership, where should it flow? To what industries? How much capital could actually be...

The Council of Development Finance Agencies and its SSBCI Coalition provided comments in response to the U.S. Department of the Treasury's Notice and Request for Information — State Small Business Credit Initiative (RFI) on June 1, 2021. Detailed...

Treasury invites the public to comment on the SSBCI program design and implementation in order to support new and existing small businesses. Responses may be used by Treasury to assist in developing program design and guidance. Responses may also be...

This blog post from the Federal Reserve Bank of St. Louis discusses changes to the newly reauthorized State Small Business Credit Initiative, including funding targeted to businesses owned by socially and economically disadvantaged individuals.

The Idaho Collateral Support Program (CSP) provides qualified small businesses with additional loan collateral necessary for a lender to grant the loan. The CSP was funded through the federal State Small Business Credit Initiative (SSBCI) program....

SSBCI was signed into law as part of the American Rescue Plan Act of 2021. CDFA hosted this National SSBCI 2.0 Call serving as an interface between Treasury and stakeholders during the rulemaking process. On March 26, 2021, we discussed insights and...

SSBCI was signed into law as part of the American Rescue Plan Act of 2021. CDFA hosted this National SSBCI 2.0 Call with interested stakeholders on March 11, 2021, to discuss SSBCI 2.0. We discussed key SSBCI 2.0 questions and timelines. We also...

This CDFA Legislative Briefing took place on February 17, 2021. Topics discussed included re-introducing the Modernizing Agricultural and Manufacturing Bonds Act (MAMBA) and the State Small Business Credit Initiative (SSBCI) along with the latest...

Based on the input of our 500+ members, CDFA has developed a set of policy proposals that would allow state and local governments, through development finance agencies, to be immediate problem solvers that can help alleviate the extreme economic...

Barry Ryan discusses what The Rural Center is doing to support rural economic development in North Carolina.

Industry experts from around the state and from various federal agencies will discuss development finance programs and their potential to spur job creation and growth in the economic development industry.

This report summarizes the outcomes of 142 state credit support and investment programs funded by the State Small Business Credit Initiative (SSBCI), which supported over $8 billion in new lending and investing to small businesses since 2011. The...

Allen McConnell (Ohio Development Services Agency) discusses how small businesses are financed, the various access to capital challenges they face, and the most innovative and effective access to capital tools available in Ohio.

The US Department of Treasury has released its first 2016 quarterly report on state deployments of SSBCI funds.

Wayne Bell from the U.S. Small Business Administration speaks on financing programs in Oklahoma & Kansas through the SBA.

The Kentucky Collateral Support Program provides a pledged asset to an enrolled lender of up to 20% of their loan in order to enhance the collateral coverage of a small business borrower that is otherwise qualified but unable to meet the lender's...

The Rural Financing Best Practices by CDFA explores how rural communities can leverage a wide range of tools and approaches to build on their assets, protect their resources, and make strategic investments that offer long-term benefits for residents...

The U.S. Dept. of Treasury wrote this letter in response to a request from Rep. Price (D-NC) seeking information on how a new bill - or the appropriations process - could be used to extend the State Small Business Credit Initiative.

The Government of the District of Columbia has provided a guide intended to assist participating lenders in understanding the federal and District’s compliance requirements of the SSBCI program.

Procedures regarding the Collateral Support Program as administered by the Government of the District of Columbia are provided to assist lenders and borrowers throughout the program's enrollment period.

In this revised audit by the Office of the Inspector General, Florida's SSBCI programs are examined. As of December 31, 2012, the state had obligated $52 million.

In this revised report by the Office of Inspector General, North Dakota's SSBCI program, Mandan Consortium is audited. The audit finds that Mandan obligated approximately $8.9 million through a loan participation program.

In the Department of Treasury's annual SSBCI Report, data and success stories are reported. Between 2011 and 2014, the program created or saved more than 140,000 jobs.

The Office of the Inspector General examines Washington's SSBCI programs in this audit report. The report finds that, as of June 30, 2012, Washington had expended $7.1 million.

This report by the U.S. Department of Treasury discusses CDFI's involvement in the SSBCI program. Best practices include those in California, Georgia, Kentucky, Minnesota, Montana, and Washington.

This report from the U.S. Treasury outlines best practices for states partnering with CDFIs to increase small business lending.

The SSBCI Quarterly Report for the fourth quarter of 2014 summarizes and organizes the funds allocated and percentage of disbursements by state. According to the report, disbursements and funds deployed exceeded $1 billion.

In this report, the Hamilton Project recommends three policy proposals including: expand funding for the SSBCI program; increase and make permanent the NMTC; and new federal funding for local skills acquisitions programs.

In this Office of Inspector General report, North Carolina's SSBCI program is audited. The audit finds that North Carolina obligated approximately $28 million through three programs.

The SSBCI Quarterly Report for the third quarter summarizes and organizes the funds allocated and percentage of disbursements by state. According to the report, disbursements and funds deployed exceeded $1 Billion.

The Office of the Inspector General reports on one of Rhode Island's SSBCI venture capital program, Slater Technology Fund. The report finds that the program properly used $1.5M in SSBCI funds.

In this GAO report on Small Business Credit Programs, the Small Business Lending Fund (SBLF) and the State Small Business Credit Initiative (SSBCI) are examined. Through its findings, the GAO recommends better impact reporting of SBFL.

In this presentation by Cory Phelps of the Idaho Housing and Finance Association, Idaho's SSBCI program is discussed. This includes the Idaho Collateral Support Program.

In this presentation by Emily Jarrett of the California Pollution Control Financing Authority, the California Capital Access Program is discussed.

In this presentation by the U.S. Department of Treasury, the latest update on the SSBCI program is given. Additionally, recent audit activity and revision to FAQ 10 is discussed.

In this presentation by Holly Hunt, SSBCI Program Manager for the Georgia Department of Community Affairs, Georgia's SSBCI programs are explained. These programs include a loan participation program, credit guarantee, and a capital access program.

In this Office of Inspector General report, West Virginia's SSBCI programs are audited. The audit reveals that $13.2M has been spent or obligated as of September 2013.

Jonathan Tower of Arctaris Royalty Partners discusses economic development initiatives for underserved U.S. small businesses.

This summary of states' State Small Business Credit Initiative (SSBCI) quarterly reports highlights success stories, disbursement data, top performing states, funds allocated by program type, and more from SSBCI-participating states.

Cliff Kellogg, Director of SSBCI, gave an update on the program during an installment if the CDFA SSBCI Webinar Series.

Jon Atkinson at South Coast Angel Fund explains the complexities of creating an angel fund.

Jim Troxel presents on SSBCI and angel investors involved in WBTangels.

OIG reports that Massachusetts appropriately used most of the SSBCI funds it had expended as of June 30, 2012, but spent $237,000 to participate in an SBA-guaranteed loan under the MBDC Loan Participation Program, which Treasury officials said was...

Michael Finney, President and CEO of the Michigan of the Michigan Economic Development Corporation, discusses the economic impact of Pure Michigan programs and provides several case studies.

This report from the U.S. Treasury summarizes the states' Annual Reports and gives state-by-state data showing how SSBCI programs operate in all 50 states, the District of Columbia, and five territories have expended their allocated funds in 2013.

Steve Cohen of Empire State Development discusses a variety of state financing programs, in addition to introducing a new business mentor program called Business Mentor NY.