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.
Summary of Participating Jurisdictions 2022 and 2023 Annual Reports (July 2024)
SSBCI Program Fact Sheet (June 2023)
List of SSBCI Capital Programs and Contacts
Technical Assistance Program Summaries
ssbci success spotlights
NasaClip - an investment in a woman- and minority-led company helping patients manage nosebleeds at home
NasaClip aims to equip healthcare professionals and individuals with a new tool to manage nosebleeds - providing a lower-cost solution that saves time and enhances home-based care for nosebleeds.
Kinetic Technologies – an investment in a rural, veteran-owned small business based in Algona, Iowa
Kinetic Technologies’ core goals are “design, build, and automate.” The Algona, Iowa-based advanced manufacturing firm supports manufacturers in scaling their production capacity – often filling a market gap by helping customers produce smaller batches of highly- engineered parts.
Cap Creations – investment in a company led by a mother-daughter team of founders near Kansas City
Cap Creations is revolutionizing graduation day with their “Grad Cap Remix”, a 3-piece headband system insert for graduation caps that accommodates a variety of hair types and textures. The product was designed by mother-daughter co-founders RaShawnda and Myayla Wright – inspired by Myayla’s struggle to make her own graduation cap work for her hair at her high school graduation.
Recent SSBCI News and Announcements
SSBCI Guidebook: Communications and Media Relations (6/3/2024)
Read more News and Announcements
Formula Technical Assistance Grants
IIA Small Business Opportunity Program (SBOP)
CONTACT US
Any questions regarding the SSBCI program should be submitted to ssbci_information@treasury.gov.
Please note that Treasury has assigned individual Outreach Managers to each State, Territory, and Tribal Government to serve as an individualized point of contact for the SSBCI Program. If you are a Participating Jurisdiction and do not know who your outreach manager is, please contact ssbci_information@treasury.gov.