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.
U.S. Treasury - SSBCI Opportunities for CDFIsMembers only Login
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 and non‑profits and through credit to support certain small construction projects. This paper summarizes how jurisdictions may partner with CDFI loan funds through their SSBCI programs and provides examples of transactions and promising models.
-SSBCI Learning Series
CDFA has launched the 2023 SSBCI Learning Series
to help you stay informed and navigate the implementation of State Small Business Credit Initiative (SSBCI) programs.
This year’s series will host sessions geared toward successfully implementing new SSBCI programs and financial products, reaching targeted small businesses and business sectors, and effective program reporting and compliance strategies.
During the 2022 SSBCI Learning Series
, CDFA elevated the 2021 conversations as well as hosted sessions geared toward working with partners, successfully launching new SSBCI programs and financial products, and reaching target audiences.
In 2021, CDFA hosted the first SSBCI Learning Series
focused on strengthening understanding of the SSBCI rules, supporting efforts to design effective programs, and providing strategies to help reach hard-to-serve businesses.
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
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.
Learn More about CDFA's SSBCI Coalition
SSBCI Capital Program Policy Guidelines
The U.S. Department of the Treasury (Treasury) issued revised SSBCI Capital Program Policy Guidelines on June 15, 2023. This guidance builds upon the original SSBCI program, first funded in 2010, and updates policy guidelines issued in April 2014, October 2022, and December 2022. 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 will create an online portal that participating jurisdictions must use to submit reporting data. Treasury will provide more information about the submission format in the coming months. 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. Section II describes the available TA Grant Program funding. Section III defines eligible recipients, eligible beneficiaries, and eligible TA providers. Section IV provides detail on qualifying TA services. Section V describes the application process, including the components of the required TA plan, and more.
Briefing: Capital Program Policy Guidelines
CDFA hosted this public briefing with Treasury representatives on November 22, 2021 to provide an overview of the new SSBCI Capital Program Policy Guidelines as well as application timelines and requirements.
Analysis of the Capital Program Policy Guidelines
CDFA’s analysis of the November 2021 Capital Program Policy Guidelines is meant to provide a high-level overview of key provisions and is not comprehensive of all updates and changes to the April 2014 policy guidelines.
Interim Final Rule: Reporting Requirements - March 2022
On March 3, 2022, the U.S. Department of the Treasury issued an Interim Final Rule pertaining to reporting requirements.
SSBCI FAQs Document - September 2022
On September 27, 2022, the U.S. Department of the Treasury updated its FAQs document for the State Small Business Credit Initiative (SSBCI).
SSBCI Programs Fact Sheet - November 2021
This November 2021 Fact Sheet from the U.S. Department of the Treasury discusses the five types of SSBCI programs: Venture Capital Program, Loan Participation Program, Loan Guarantee Program, Collateral Support Program, and Capital Access Program.
-SSBCI Data & Resources
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
View More Webcasts
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.
-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 four-month SSBCI Learning Series, launched a national SSBCI Coalition of more than 150 members, worked with SSBCI practitioners to provide recommendations to Treasury on program guidance, and has provided direct technical assistance to various states.
Contact CDFA to discuss your technical assistance needs.
-SSBCI for Tribal Governments
SSBCI application deadlines for Tribal Governments:
For participation in the Capital Program : October 31, 2022
For participation in the Technical Assistance Grant Program: July 28, 2023
To view a list of Tribal Governments that submitted an application for participatoin in the SSBCI Capital Program, click here
View more Headlines
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. Treasury is currently working with Jurisdictions to approve and implement local SSBCI strategies.
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.
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.