State Small Business Credit Initiative (SSBCI)
The State Small Business Credit Initiative (SSBCI) was created through the Small Business Jobs Act of 2010 (the “Act”). SSBCI was funded with $1.5 billion to strengthen state programs that support financing of small businesses. Treasury awarded funding to all 50 states, the District of Columbia, and all U.S. Territories, based on their proportion of unemployed persons as a percentage of the national total.
Participating States funded new or existing state programs that fell into one of the following types: Capital Access Program (CAP), Collateral Support Program, Loan Guarantee Program, Loan Participation Program, or Venture Capital Program. General program parameters required Participating States to demonstrate a reasonable expectation of leveraging $10 of private dollars for every $1 of SSBCI funding expended.
SSBCI State Programs and Program Allocations, 2011-2017
The Department of the Treasury developed profiles of every SSBCI program to document program structures, outcomes and other pertinent information. The below map provides information on the program types available in each state and the total allocation provided to states.
Click on a state to access its’ program profile.
*This repository is an independent site and is not owned or managed by the United States Department of the Treasury. The FAQs and guidance shown represent policy made through September 27, 2017, the sunset of the SSBCI program.