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CDFA SSBCI Resource Center

The State Small Business Credit Initiative (SSBCI) is a $10 billion small business program managed by the U.S. Department of the Treasury (Treasury). CDFA’s SSBCI Resource Center is the central source for announcements, events, and information related to the SSBCI program.

States, U.S. territories, Washington, D.C., and Tribal Governments (Jurisdictions) are eligible to receive funding through SSBCI to capitalize financing and technical assistance programs for small businesses. Jurisdictions are empowered to structure SSBCI-supported programs that are uniquely designed to expand access to capital for small businesses emerging from the pandemic, build ecosystems of opportunity and entrepreneurship, and create high-quality jobs. Implementation of the SSBCI program will expand access to capital, promote economic resiliency, create new jobs, and increase economic opportunity while also focusing on expanding opportunities in underserved communities lacking capital and building financing ecosystems that support entrepreneurs and small businesses.

The SSBCI Resource Center includes resources on upcoming events, the latest SSBCI news, research, Treasury's updated program guidance and compliance standards, and information on each jurisidction's SSBCI program to help you better understand the SSBCI program and stay up-to-date as Jurisdictions implement their SSBCI strategies.

Learn More

-What's New

Recent Updates

SSBCI Guidebook: Communications and Media Relations
The U.S. Department of the Treasury published the SSBCI Guidebook: Communications and Media Relations to provide general communications best practices and how they could be applied to State Small Business Credit Initiative (SSBCI) programs in participating jurisdictions. Each jurisdiction is unique with its own sets of strengths, opportunities and challenges, and not all of the included information will be applicable for every jurisdiction.
SSBCI FAQs, Updated May 10, 2024Members only Login
On May 10, 2024, the U.S. Department of the Treasury published updated FAQs for the State Small Business Credit Initiative (SSBCI) Capital Program. The update covers the Conflict-of-Interest Standards for Equity/Venture Capital Programs.
SSBCI Small Business Opportunity Program FAQs, Updated April 4, 2024Members only Login
On April 5, 2024, the U.S. Treasury Department published updated FAQs for the State Small Business Credit Initiative (SSBCI) Investing in America Small Business Opportunity Program (SBOP).

Upcoming Events

SSBCI Coalition Meeting - Virtual
July 26, 2024
1:00 PM - 2:00 PM Eastern
CDFA hosts monthly SSBCI Coalition meetings to provide SSBCI updates and facilitate discussions that allow for networking, peer knowledge sharing, and problem-solving. The SSBCI Coalition is available to CDFA Members only. There is no cost to attend SSBCI Coalition meetings.
Register
SSBCI Learning Series - Filling the Gaps with the Suite of SSBCI Technical Assistance Programs
August 27, 2024
2:00 - 4:00 PM Eastern
SSBCI 2.0 has provided three different sources of funding for a range of technical assistance. In this session, speakers will discuss how each program supports the other and explore best practices on how to maximize the impacts of each program.
Register
SSBCI Coalition Meeting - Virtual
August 30, 2024
1:00 PM - 2:00 PM Eastern
CDFA hosts monthly SSBCI Coalition meetings to provide SSBCI updates and facilitate discussions that allow for networking, peer knowledge sharing, and problem-solving. The SSBCI Coalition is available to CDFA Members only. There is no cost to attend SSBCI Coalition meetings.
Register
SSBCI Coalition Meeting - Virtual
September 27, 2024
1:00 PM - 2:00 PM Eastern
CDFA hosts monthly SSBCI Coalition meetings to provide SSBCI updates and facilitate discussions that allow for networking, peer knowledge sharing, and problem-solving. The SSBCI Coalition is available to CDFA Members only. There is no cost to attend SSBCI Coalition meetings.
Register
SSBCI Coalition Meeting - Virtual
October 25, 2024
1:00 PM - 2:00 PM Eastern
CDFA hosts monthly SSBCI Coalition meetings to provide SSBCI updates and facilitate discussions that allow for networking, peer knowledge sharing, and problem-solving. The SSBCI Coalition is available to CDFA Members only. There is no cost to attend SSBCI Coalition meetings.
Register
View more Upcoming Events

-SSBCI Learning Series

The CDFA 2024 SSBCI Learning Series will focus on the latest developments around the State Small Business Credit Initiative (SSBCI), including program guidance from the U.S. Department of the Treasury, innovative strategies to maximize the impact of the SSBCI Capital Program at the local, regional, and state levels, and unique perspectives on how practitioners in communities nationwide are using SSBCI to develop small businesses and connect with a range of other federal funding opportunities.

Attendees have the option to register for one session or the full series. Significant discounts are available for CDFA member organizations and those who register for the full series.

Learn More about CDFA's SSBCI Learning Series

-SSBCI Coalition

The SSBCI Coalition is a nationwide coalition of small business and SSBCI experts and practitioners. SSBCI Coalition members help inform CDFA’s SSBCI efforts and participate in joint efforts to guide implementation. CDFA hosts monthly SSBCI Coalition meetings to provide SSBCI updates and facilitate discussions that allow for networking, peer knowledge sharing, and problem-solving.

The SSBCI Coalition is available to CDFA Members only. There is no cost to attend SSBCI Coalition meetings. CDFA Members interested in participating in SSBCI Coalition meetings must register to attend.

SSBCI Coalition Meeting - Virtual
July 26, 2024
1:00 PM - 2:00 PM Eastern
Register
SSBCI Coalition Meeting - Virtual
August 30, 2024
1:00 PM - 2:00 PM Eastern
Register
SSBCI Coalition Meeting - Virtual
September 27, 2024
1:00 PM - 2:00 PM Eastern
Register
SSBCI Coalition Meeting - Virtual
October 25, 2024
1:00 PM - 2:00 PM Eastern
Register
SSBCI Coalition Meeting - Virtual
November 22, 2024
1:00 PM - 2:00 PM Eastern
Register
Learn More about CDFA's SSBCI Coalition

-SSBCI Guidance

SSBCI Capital Program Policy Guidelines
The U.S. Department of the Treasury (Treasury) issued revised SSBCI Capital Program Policy Guidelines on December 4, 2023. This guidance builds upon the original SSBCI program, first funded in 2010, and updates policy guidelines previously issued by Treasury. The Capital Program Policy Guidelines do not include information about the technical assistance component of the SSBCI program.

SSBCI Capital Program Reporting Guidance
This Capital Program Reporting Guidance details the reporting and document retention requirements for jurisdictions that receive SSBCI funding. Treasury created an online portal that participating jurisdictions must use to submit reporting data. This guidance may be updated periodically.

SSBCI Technical Assistance Grant Program Reporting Guidance
This Technical Assistance Grant Program Reporting Guidance details the reporting and document-retention requirements for jurisdictions that receive a TA Grant.

SSBCI Technical Assistance Grant Program Guidelines
This document provides guidance on the application, award requirements, and administration, of the TA Grant Program.

SSBCI FAQs Document - January 2024
On January 19, 2024, the U.S. Department of the Treasury updated its FAQs document for the State Small Business Credit Initiative (SSBCI).

SSBCI Programs Fact Sheet - June 2023
This June 2023 Fact Sheet from the U.S. Department of the Treasury discusses the implementation status of SSBCI 2.0 and provides spotlights on various capital programs.

-SSBCI Data & Resources

-Resources

-Headlines

-Upcoming Events

SSBCI Coalition Meeting - Virtual
July 26, 2024
1:00 PM - 2:00 PM Eastern
CDFA hosts monthly SSBCI Coalition meetings to provide SSBCI updates and facilitate discussions that allow for networking, peer knowledge sharing, and problem-solving. The SSBCI Coalition is available to CDFA Members only. There is no cost to attend SSBCI Coalition meetings.
Register
SSBCI Learning Series - Filling the Gaps with the Suite of SSBCI Technical Assistance Programs
August 27, 2024
2:00 - 4:00 PM Eastern
SSBCI 2.0 has provided three different sources of funding for a range of technical assistance. In this session, speakers will discuss how each program supports the other and explore best practices on how to maximize the impacts of each program.
Register
SSBCI Coalition Meeting - Virtual
August 30, 2024
1:00 PM - 2:00 PM Eastern
CDFA hosts monthly SSBCI Coalition meetings to provide SSBCI updates and facilitate discussions that allow for networking, peer knowledge sharing, and problem-solving. The SSBCI Coalition is available to CDFA Members only. There is no cost to attend SSBCI Coalition meetings.
Register
SSBCI Coalition Meeting - Virtual
September 27, 2024
1:00 PM - 2:00 PM Eastern
CDFA hosts monthly SSBCI Coalition meetings to provide SSBCI updates and facilitate discussions that allow for networking, peer knowledge sharing, and problem-solving. The SSBCI Coalition is available to CDFA Members only. There is no cost to attend SSBCI Coalition meetings.
Register
SSBCI Coalition Meeting - Virtual
October 25, 2024
1:00 PM - 2:00 PM Eastern
CDFA hosts monthly SSBCI Coalition meetings to provide SSBCI updates and facilitate discussions that allow for networking, peer knowledge sharing, and problem-solving. The SSBCI Coalition is available to CDFA Members only. There is no cost to attend SSBCI Coalition meetings.
Register
SSBCI Learning Series - Maximizing SSBCI's Impact in Rural America
October 29, 2024
2:00 PM - 4:00 PM Eastern
Small businesses are a vital component of American communities, but rural and remote area small businesses have not experienced the same levels of growth that urban and suburban areas have over the last decade. This session will address those challenges and present opportunities for maxmizing SSBCI impact in rural America.
Register
SSBCI Coalition Meeting - Virtual
November 22, 2024
1:00 PM - 2:00 PM Eastern
CDFA hosts monthly SSBCI Coalition meetings to provide SSBCI updates and facilitate discussions that allow for networking, peer knowledge sharing, and problem-solving. The SSBCI Coalition is available to CDFA Members only. There is no cost to attend SSBCI Coalition meetings.
Register
SSBCI Coalition Meeting - Virtual
December 13, 2024
1:00 PM - 2:00 PM Eastern
CDFA hosts monthly SSBCI Coalition meetings to provide SSBCI updates and facilitate discussions that allow for networking, peer knowledge sharing, and problem-solving. The SSBCI Coalition is available to CDFA Members only. There is no cost to attend SSBCI Coalition meetings.
Register
View more Upcoming Events

-Previous Events

SSBCI for Tribal Governments
CDFA and guest speakers from The Choctaw Nation and gener8tor held this webinar on March 11, 2022 for a discussion on how Tribal Governments can utilize the State Small Business Credit Initiative (SSBCI) program. During this webinar, CDFA provided an overview of the information included in SSBCI for Tribal Governments, and guest speakers discussed their approach to maximizing the program from the Tribal Government perspective and the perspective of a mission-aligned fund manager.
CDFA-Treasury: A Guide to the SSBCI Application Tables Webinar
CDFA hosted this public briefing on January 20, 2022 to provide an overview and demonstration of the new SSBCI Leverage Ratio Data Table as well as the Enrolled Loan Data Table. CDFA along with representatives from Treasury discussed key provisions in the updated guidance and fielded questions from attendees.
Analysis of Updated SSBCI Guidelines
CDFA hosted this public briefing on November 22, 2021 to provide an overview of the new SSBCI Capital Program Policy Guidelines as well as application timelines and requirements. CDFA along with representatives from Treasury discussed key provisions in the updated guidance and fielded questions from attendees.
National SSBCI 2.0 Call - March 26, 2021
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 recommendations to Treasury and our understanding of what resources need to be developed.
View More Webcasts

-State Resources Map

The following information summarizes the SSBCI application status or program information for each state participating in the Initiative. Resources are restricted to CDFA members only. CDFA members must login with their unique CDFA username and password to access restricted items. Non-members can join CDFA today to gain access to the entire database.

If you are a state SSBCI or access to capital program manager, you can help develop the SSBCI State Resources Map by sending information, comments, or materials to CDFA.

-SSBCI Technical Assistance

CDFA has developed deep expertise in SSBCI due to its vast experience with the program. Since 2010, CDFA has advised state agencies and intermediaries on the implementation and ongoing deployment of SSBCI funds. After leading advocacy efforts to secure reauthorization of the SSBCI program in 2021, CDFA hosted a 10-part biweekly SSBCI Briefing Series and continues to hold an annual SSBCI Learning Series. It runs a monthly national SSBCI Coalition meeting of more than 300 members, works with SSBCI practitioners to provide recommendations to Treasury on program guidance, and provides direct technical assistance to various states.

Contact CDFA to discuss your technical assistance needs.

-SSBCI for Tribal Governments

As of January 31,2024, the U.S. Department of the Treasury has approved 36 out of 108 tribal government capital applications, totaling $252 million for tribal small businesses.

On December 18, 2023, the U.S. Department of the Treasury published the SSBCI Implementation Snapshot for Tribal Governments.

On June 26, 2023, the U.S. Department of the Treasury announced the first SSBCI Capital Program awards to Tribal governments, totaling $74 million for 39 awardees. To view the full list of awardees, click here.

View more Headlines

-About SSBCI

Overview
The State Small Business Credit Initiative (SSBCI) authorizes the U.S. Department of the Treasury (Treasury) to allocate federal funds to states, U.S. Territories, Washington, D.C., and tribal governments (Juridictions) to capitalize local small business support programs. Jurisdictions must match SSBCI funds with private capital, and aspire to leverage each dollar to attract 10 dollars in private financing. The SSBCI program was reauthorized and enhanced in 2021 in the American Rescue Plan Act. To date, Treasury has approved 54 of 56 jurisdictional applications and 36 of 108 tribal government applications, totaling over $1 billion in allocated fundning for small businesses.

History
SSBCI was originally introduced in 2010 to deliver urgently needed capital to small businesses in the United States. The first version of the program was active through 2017 and became one of the most successful federal programs to expand access-to-capital delivery mechanisms during its time. SSBCI allowed states the flexibility to design their own small business support programs to accommodate the variation in small business needs across the nation.

Because of the flexibility and adaptability of the SSBCI program, states were able to deploy over $1.4 billion in SSBCI funding to support small businesses. That $1.4 billion leveraged well over $8 billion in private loans and equity investments through five SSBCI-approved program structures: The original SSBCI program’s ability to leverage private capital made it an ideal federal program, being both incredibly cost-effective and highly impactful. Of all SSBCI loans and equity investments, 80% went to businesses with 10 or fewer employees and 42% went to businesses in low- and moderate-income communities. More than 16,900 small businesses received financial support, resulting in the creation or retention of 190,000 jobs.

Reauthorization
CDFA worked with our members and partners across the country to encourage Congress to reauthorize funding for SSBCI and recapitalize state programs that had expired in 2017. The American Rescue Plan Act of 2021 reauthorized SSBCI at $10 billion in total funding and enhanced the program to provide dedicated funding for technical assistance activities and opened program participation to Tribal Governments. The reauthorized SSBCI program also requires Jurisdictions to target a portion of loans and investments to Very Small Businesses and businesses owned or controlled by socially and economically disadvantaged individuals (SEDI businesses).

Visit the CDFA Advocacy Center to learn more about CDFA's advocacy efforts on SSBCI and to get involved.

Program documents and announcements are available in the Resources section.


CDFA National Sponsors

  • Alliant Insurance Services, Inc.
  • BNY Mellon
  • Bricker Graydon LLP
  • Business Oregon
  • CohnReznick
  • Frost Brown Todd LLP
  • Grow America | Formerly NDC
  • Hawes Hill and Associates LLP
  • Hawkins Delafield & Wood LLP
  • Ice Miller LLP
  • KeyBanc Capital Markets
  • Kutak Rock LLP
  • McGuireWoods
  • MuniCap, Inc.
  • NW Financial Group, LLC
  • PGAV Planners, LLC
  • Raza Development Fund
  • SB Friedman Development Advisors
  • Stifel Nicolaus
  • The Bond Buyer
  • U.S. Bank
  • Wells Fargo Securities
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