The State Small Business Credit Initiative (SSBCI) is a nearly $10 billion program to support small businesses and entrepreneurship in communities across the United States by providing capital and technical assistance to promote small business stability, growth, and success. SSBCI represents a transformational investment in American small businesses and is expected to catalyze up to $10 of private investment for every $1 of SSBCI Capital Program funding to increase access to capital to small businesses and entrepreneurs, including those in underserved communities.
Reauthorized and expanded by President Biden’s American Rescue Plan Act (ARPA), the SSBCI Capital Program provides funds to states, the District of Columbia, territories, and Tribal governments for those jurisdictions to create tailored programs that offer funding to small businesses and entrepreneurs through equity/venture capital, loan participation, loan guarantee, collateral support, and capital access programs.
In addition to capital access, SSBCI funding unlocks access to critical technical assistance through SSBCI’s formula Technical Assistance Grant Program and the SSBCI Investing in America Small Business Opportunity Program (SBOP). The Minority Business Development Agency at the U.S. Department of Commerce, through its Capital Readiness Program, also supports technical assistance to improve access to capital, including in traditionally underserved communities, with SSBCI funding.
SSBCI bolsters small business support networks – helping participating jurisdictions to invest in the future of the American economy, both on Main Street and in innovation hubs across the nation.
SSBCI Program Fact Sheet (June 2023)
List of SSBCI Capital Programs and Contacts
Capital Program Summaries
ssbci success spotlights
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Recent SSBCI News and Announcements
U.S. Department of the Treasury Now Accepting Applications for New Investing in America Small Business Opportunity Program (4/5/2024)
Treasury Department Releases Second Quarterly Report on Deployment of SSBCI Capital to Small Businesses (3/29/2024)
Treasury Department Announces New Funding to Support Small Businesses in Six States and Three U.S. Territories as Part of the Biden-Harris Administration’s Investing in America Agenda (3/15/2024)
Virtual Remarks by Secretary of the Treasury Janet L. Yellen at the National Center for American Indian Enterprise Development Reservation Economic Summit (3/13/2024)
Vice President Harris, Treasury Department Announce New Funding for Historically Underserved Entrepreneurs in North Carolina as part of Administration’s Strategy to Invest in American Small Businesses (3/1/2024)
Treasury releases a new Economic Recovery Learning Agenda that includes research priorities for SSBCI
Treasury Department Releases Notice of Funding Opportunity (NOFO) for the $75 million SSBCI Investing in America Small Business Opportunity Program (10/25/2023)
Read more News and Announcements
SELF-SERVICE RESOURCES
Program recipients with questions about reporting, technical issues, eligible uses of funds, or other items click here for self-service resources.
Self-Service Resources