State Small Business Credit Initiative (SSBCI)
$10 billion Treasury initiative providing capital to states, tribes, and territories to fund small business loans and investments — with $2.5B set aside for socially and economically disadvantaged individual businesses (SEDI).
About this program
The State Small Business Credit Initiative is a $10 billion fund administered by the U.S. Treasury that provides funding to states, the District of Columbia, territories, and Tribal governments to deploy capital through loan participation, loan guarantee, collateral support, capital access, and venture capital programs for small businesses. Approximately $2.5 billion is specifically earmarked for businesses owned and controlled by socially and economically disadvantaged individuals (SEDI businesses), including minority-owned enterprises.
Eligibility
Small businesses applying through state, tribal, or territory programs participating in SSBCI. SEDI-owned businesses receive priority in many state allocations.
Requirements
- Identify your state, tribal, or territory SSBCI-participating program
- Apply through the participating program's lender or capital partner
- Provide standard business financial documentation