The U.S. Department of Treasury announced approval of state plans for Colorado, Oregon, New York, and Montana under the State Small Business Credit Initiative for up to $750M in funds to expand access to capital for small businesses. 

“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...

The Employee Ownership Expansion Network and Ownership America gave this presentation on how the State Small Business Credit Initiative (SSBCI) can be used to promote employee ownership of small businesses.

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...

Treasury has posted documents and resources for the 2021 SSBCI program application. An online application portal will become available in the coming days.

This white paper from gener8tor discusses the importance of supporting underrepresented founders and underinvested business sectors (i.e. music, art, child care).

Gener8tor produced this summary/reading guide of the SSBCI guidance that the U.S. Department of the Treasury released on November 10, 2021.

This November 2021 Fact Sheet from the U.S. Department of the Treasury discusses the five types of SSBCI programs. The programs available under SSBCI are 1) Venture Capital Programs, 2) Loan Participation Programs, 3) Loan Guarantee Programs, 4)...

CDFA’s analysis of the November 2021 SSBCI 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.

On November 10, 2021, the U.S. Department of the Treasury issued capital program implementation guidance for the State Small Business Credit Initiative (SSBCI).

On November 10, 2021, the U.S. Department of the Treasury issued capital program implementation guidance for the State Small Business Credit Initiative (SSBCI) as well as this Fact Sheet containing general info on the program.

The Department of the Treasury is extending the Tribal government Notice of Intent (NOI) deadline to apply for SSBCI funds to December 11, 2021, at 11:59 p.m. ET, the same deadline for the initiation of the SSBCI capital application.

The American Rescue Plan Act of 2021 (ARPA) reauthorizes and amends the State Small Business Credit Initiative (SSBCI) Program. ARPA provides a combined $10 billion to states, the District of Columbia, territories, and Tribal governments to help...

Many economic development organizations (EDOs) have embraced the mission to support entrepreneurial firms in their communities. EDOs engage in their entrepreneurial ecosystems, in part, by providing resources, sometimes in the form of business...

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...

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....

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...

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 interactive data tool from the Federal Reserve Bank of St. Louis shows total SSBCI investments, percent of investments in LMI and rural areas, investments by MSA, investments by loan programs, CDFIs, and more.

During this Legislative Briefing, we discussed the latest information about the next stimulus act (Phase 4) from Congress and the urgent actions development finance agencies should take. We examined legislative reactions to the CARES Act, what we...

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,...

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.

Georgia’s small businesses are essential to the state’s well-being, but often times overlooked and underutilized in many economic growth strategies and financing programs. Holly Hunt with the Georgia Department of Community Affairs focuses on how...

Georgia’s small businesses are essential to the state’s well-being, but often times overlooked and underutilized in many economic growth strategies and financing programs. Tony O'Reilly with the Small Buisness Assistance Corporation focuses on how...

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...

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...

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...

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.

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 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.