Technical Assistance


SSBCI Resource Center

SSBCI Fact Sheet & FAQs

The State Small Business Credit Initiative (SSBCI) is a $10 billion program managed by the U.S. Department of the Treasury that allocates funding to state development finance agencies to create specialized small business access to capital programs. The CDFA SSBCI Resource Center is the central source for information, data, analytics, and programs related to the SSBCI program.

State development finance agencies apply for an allocation from the U.S. Department of the Treasury to receive funding to recapitalize existing small business support programs or create new ones. These can include capital access programs, loan participation and guaranty programs, revolving loan funds, venture capital and equity programs, and more. States are empowered to tailor their SSBCI-funded small business support programs to meet the unique needs of each state, region, and community.

As more guidance and regulations on SSBCI 2.0 are released, the CDFA SSBCI Resource Center will be routinely updated.

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-About SSBCI

The State Small Business Credit Initiative (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 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 regional economic conditions. Because of the flexibility and adaptability of SSBCI funds, states were able to deploy over $1.4 billion to support small businesses. That $1.4 billion leveraged well over $8 billion in private small business loans and investments.

The original SSBCI program’s ability to leverage private capital made it an ideal federal program, as it was both incredibly cost-effective and highly impactful: 80 percent of all SSBCI loans and investments went to businesses with 10 or fewer employees, and 42 percent went to businesses in low- and moderate-income communities. More than 16,900 small businesses in the U.S. received financial support from SSBCI, resulting in the creation or retention of 190,000 American jobs.

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. When the American Rescue Plan was passed, it reauthorized $10 billion in funding for SSBCI 2.0. To learn more about CDFA's advocacy efforts on SSBCI and to get involved, visit the CDFA Advocacy Center.

View SSBCI Fact Sheet & FAQs

-SSBCI Briefing Series

All interested stakeholders are encouraged to register for CDFA's SSBCI Briefings to learn more about this tool and its implementation at the local level. CDFA Members receive a significant discount to participate in these Briefings.

SSBCI Briefings will be held every other Friday at 1:00 PM Eastern from April - July.

Register for the SSBCI Briefing Series

-State Resources Map

The following information summarizes the SSBCI application status or program information for each state participating in the Initiative. 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.


In this section, you'll find Analysis and Evaluation of the SSBCI Program, Quarterly Reports, and Additional Resources.

SSBCI Homepage - U.S. Department of the Treasury
Interactive SSBCI Data Tool - St. Louis Fed
Preliminary Allocation Table - U.S. Department of the Treasury

-SSBCI Analysis & Evaluation

American Rescue Plan Resurrects SSBCI - A Key Small-Business Financing ProgramMembers only Login
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.
SSBCI: Implementation and Funding IssuesMembers only Login
This CRS report examines the SSBCI program and its implementation, including Treasury’s response to initial program audits conducted by the U.S. Government Accountability Office and Treasury’s Office of Inspector General. These initial audits suggest that SSBCI participants are generally complying with the statute’s requirements but that some compliance problems exist.
Evaluation of the SSBCI ProgramMembers only Login
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 report studies program activity based on data reported to Treasury on 16,919 transactions made between 2011 and 2015, and interviews of state program managers and their partners.
Best Practices from Participating States: Partnering with CDFIsMembers only Login
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.
Using the SSBCI Program to Improve Access to Capital in Underserved CommunitiesMembers only Login
SSBCI staff facilitated the creation of a working group focused on SSBCI in underserved markets. This report summarizes the observations of the working group as to both common and unique approaches taken by state SSBCI programs in addressing their underserved markets. It also includes a series of case studies with examples of program features that have increased deployment of funds to those markets.
View More SSBCI Resources

-Program Data & Reports

SSBCI 2.0 Preliminary Allocation Table
This table identifies the funds allocated to states, territories, and the District of Columbia pursuant to the American Rescue Plan's 2021 updates to the State Small Business Credit Initiative. The table has been updated to provide additional details about Employment-Based Allocations and Very Small Business Allocations.
SSBCI Transactions Dataset
The SSBCI Transactions Dataset is a set of .csv files reporting transaction level data for all transactions conducted through the SSBCI program from inception in 2011 through December 31, 2016. This dataset categorizes transactions by program type, according to the five approved SSBCI programs: Capital Access Programs, Collateral Support Programs, Loan Guarantee Programs, Loan Participation Programs, and Venture Capital Programs.
SSBCI: A Summary of States' 2016 Annual Reports
Cumulatively, from 2011 to 2016, states reported the following notable accomplishments: (1) States expended $1.2 billion in SSBCI funds which supported new financing to small businesses totaling $10.7 billion; (2) SSBCI programs have supported $8.95 in new financing for every $1 of SSBCI funds; and (3) Small business owners reported that SSBCI funds will help create or save more than 240,000 jobs.
SSBCI: A Summary of States' 2015 Annual Reports
From 2011 through 2015, States reported that they had expended $1.04 billion in SSBCI funds which, in turn, supported over 16,900 new loans or investments to small businesses totaling $8.4 billion. The state-by-state data show how SSBCI programs operating in all 50 States, the District of Columbia, and territories have expended their allocated funds to date.
SSBCI: A Summary of States' 2014 Annual Reports
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.
View More SSBCI Resources

-Additional Resources

CDFA's Public Comments on the Treasury Department's Notice and Request for Information on SSBCI
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 responses to questions posed in the RFI reflect the following broad principles, which CDFA and the SSBCI Coalition believe are key to ensuring the effective implementation of the current round of SSBCI funding.
SSBCI Fact Sheet for Tribal GovernmentsMembers only Login
This SSBCI fact sheet for Tribal Governments was created by the Department of the Treasury in May 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 July 30, 2021, and applications are due December 11, 2021.
Notice and Request for Information - SSBCIMembers only Login
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 used to inform Treasury's allocation of technical assistance funding to states, territories, and Tribal governments, the Minority Business Development Agency (MBDA), and programs implemented directly by Treasury. Responses must be received by June 4, 2021 to be assured of consideration.
American Rescue Plan Resurrects SSBCI - A Key Small-Business Financing ProgramMembers only Login
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.
Summary of State and Local Funding Sources in the American Rescue PlanMembers only Login
This table includes all the federal-to-local funding streams in the American Rescue Plan that reach cities and their residents. It does not include appropriations to Tribal Governments or Agency appropriations focused on program operations at the federal level with no further sub-allocation. It is a dynamic summary to be paired with the Federal Investment Guide produced by Accelerator for America, Drexel University, and the US Conference of Mayors.
View More SSBCI Resources


-Upcoming Events

Thursday, July 1, 2021
1:00 PM - 2:00 PM Eastern
Friday, July 16, 2021
1:00 PM - 2:00 PM Eastern
Friday, July 30, 2021
1:00 PM - 2:00 PM Eastern
View more Upcoming Events


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.
National SSBCI 2.0 Call - March 11, 2021
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 discussed CDFA's plans for SSBCI education and future engagement. Several states spoke about their efforts to re-launch SSBCI programming.
Legislative Briefing - February 2021
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 developments on the American Rescue Plan and legislative actions on Capitol Hill.
CDFA-BNY Mellon Webcast Series: Publicly Supported Seed & Venture CapitalMembers only Login
During this installment of the CDFA//BNY Mellon Development Finance Webcast Series, state leaders evaluated funds managed by public sector participants, discussed their role in complementing private VC funds, and considered which types of businesses are receiving the most interest from investors.
CDFA SSBCI Webinar Series December 2013Members only Login
The final webinar in the four-part SSBCI Webinar series provides an update on the SSBCI Coalition, overview of how states have worked with CDFIs to increase investment, strategies to promoting rural development and investing in distressed communities, supporting minority and woment owned businesses, and an update from the U.S. Department of the Treasury.
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