On January 11, 2024, the U.S. Department of the Treasury Published a draft template for the State Small Business Credit Initiative Investing in America Small Business Opportunity Program (SSBCI Investing in America SBOP).

The U.S. Department of the Treasury released the State Small Business Credit Initiative (SSBCI) Quarterly Report for the Third Quarter of 2023.

The U.S. Department of the Treasury released updated guidelines for the State Small Business Credit Initiative (SSBCI) Capital Program on December 4, 2023.

The U.S. Department of the Treasury Released an updated FAQ document for the State Small Business Credit Initiative on December 4, 2023.

The U.S. Department of the Treasury announced the approval of 20 additional state awards under the State Small Business Credit Initiative (SSBCI) Technical Assistance Grant Program, totaling more than $50.8 million. These awards will be used to...

On November 6, 2023, the U.S. Treasury Department held a webinar outlining the SSBCI Investing in America Small Business Opportunity Program (SBOP) Notice of Funding Opportunity.

The U.S. Department of the Treasury announced the new $75 million Investing in America Small Business Opportunity Program, a competitive grant program under the State Small Business Credit Initiative (SSBCI) to support technical assistance for very...

The U.S. Department of the Treasury released an interim report on the progress the Department has made in implementing the State Small Business Credit Initiative (SSBCI), which illustrates how the funding has both supported the small business boom...

The U.S. Department of the Treasury released updated Frequently Asked Questions (FAQs) for the State Small Business Credit Initiative (SSBCI) on September 28, 2023.

State Small Business Credit Initiative (SSBCI) credit support programs present an opportunity for community development financial institutions (CDFIs) to expand their lending to eligible small businesses, including to underserved small businesses...

On June 15, 2023, the U.S. Department of the Treasury released revised State Small Business Credit Initiative (SSBCI) Capital Program Policy Guidelines. The revisions concerned the requirements applicable to refinancing transactions by new lenders.

The U.S. Department of the Treasury released the State Small Business Credit Initiative (SSBCI) Technical Assistance (TA) Grant Program Reporting Guidelines. This guidance details the reporting and document-retention requirements for jurisdictions...

The U.S. Department of the Treasury updated the Fact Sheet for the State Small Business Credit Initiative (SSBCI). The updated sheet includes information about program design, implementation status, and capital program spotlights.

The U.S. Department of the Treasury updated the State Small Business Credit Initiative Technical Assistance Grant Program FAQs on May 9, 2023.

The U.S. Department of the Treasury held its quarterly State Small Business Credit Initiative (SSBCI) All Jurisdiction meeting and provided updates on the SSBCI Capital Program, Technical Assistance Grant Program, outreach efforts, work groups, and...

On April 28, 2023, the U.S. Department of the Treasury released the State Small Business Credit Initiative (SSBCI) Technical Assistance Grant Program guidelines.

The U.S. Department of the Treasury updated the FAQs for the State Small Business Credit Initiative Program (SSBCI) on April 7, 2023.

The U.S. Department of the Treasury is extending the deadline for Tribal governments to submit their complete SSBCI Technical Assistance (TA) Grant Program application to July 28, 2023, at 11:59 p.m. Eastern Time (ET). Tribal governments that...

The U.S. Department of the Treasury released its methodology summary for preliminary SSBCI allocations for Tribal governments on February 21, 2023.

MBDA is seeking proposals for its $93.5 million Capital Readiness Program grant competition to help minority and other underserved entrepreneurs launch and scale their businesses. This Program will provide funding to incubators, accelerators, and...

The U.S. Department of the Treasury released the revised SSBCI Capital Program Policy Guidelines on December 15, 2022.

The U.S. Department of the Treasury released an updated FAQ sheet for the State Small Business Credit Initiative program on December 8, 2022.

The U.S. Department of the Treasury announced the list of Tribal governments that submitted SSBCI Capital Program applications on November 29, 2022. The applications will now be reviewed prior to release of any funding for those programs.

The U.S. Department of the Treasury published the SSBCI National Compliance Standards on November 17, 2022.

The U.S. Department of the Treasury announced that it will hold an SSBCI Fall Virtual Conference via Zoom from Monday, November 14, 2022, to Friday, November 18, 2022. The Virtual Conference will include discussion sessions and roundtables to allow...

On September 20, 2022, the U.S. Department of the Treasury published a request for information for public comment on how it could use its authority to fund SSBCI Technical Assistance to qualifying businesses. The original RFI deadline was October...

On October 20, CDFA and its SSBCI Coalition provided comments in response to the U.S. Department of the Treasury's request for information regarding the deployment of the remaining $200M in SSBCI Technical Assistance Grant Program funds.

Read CDFA's response to the U.S. Department of the Treasury's request for information regarding the distribution of the remaining $200M in SSBCI TA funding.

The U.S. Department of the Treasury announced the approval of state plans for Alaska, Idaho, Iowa, Massachusetts, Minnesota, Missouri, Nebraska, Nevada, New Mexico, Ohio, and Utah under the State Small Business Credit Initiative (SSBCI). Treasury...

The U.S. Department of the Treasury issued revised SSBCI Capital Program Policy Guidelines on October 7, 2022.

On September 27, 2022, the U.S. Department of the Treasury issued this updated FAQ documents for the State Small Business Credit Initiative (SSBCI).

The U.S. Treasury is authorized to provide up to $500M in support for small business TA programs and is inviting public comment on how it can use its authorities to fund TA to very small businesses and business enterprises owned and controlled by...

“We’re grateful for the opportunity to invest in a diverse set of entrepreneurs and businesses in our most promising industries throughout the state. We know that an innovative economy provides higher wages and more business resilience in times of...

CDFA's analysis of the TA Grant Program Guidelines highlights key provisions and is not comprehensive of all program requirements. View Treasury’s dedicated SSBCI webpage and CDFA’s SSBCI Resource Center for additional program information, updates,...

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.

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 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.

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.

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.