The objective of SSBCI is to support state programs that provide resources to assist small business growth and create new jobs through increased access to small business funding. Further information on how these allocations were made can be found by accessing in the Capital Program Policy Guidelines on the same page. For more information, please see the Capital Program Policy Guidelines and FAQs on the program website at Treasury.gov/SSBCI. $55.5 million in SSBCI funding to provide shorter-term microloans and loans typically under $250,000. Please ensure your legacy DUNS number is accessible for historical reference where needed, as the DUNS number will no longer be visible to Users in SAM.gov after April 4, 2022. Businesses will apply for funding through their local economic development organization. On April 4, 2022, the Federal Government transitioned from the DUNS number issued by Dun and Bradstreet to the Unique Entity Identifier (UEI). Treasury Announces Eleven Additional States to Receive up to $1 Billion from U.S. Treasury Department to Promote Small Business Growth and Entrepreneurship through the American Rescue Plan (10/11/2022), California to Receive up to $1.1 Billion from U.S. Treasury Department to Promote Small Business Growth and Entrepreneurship through the American Rescue Plan (9/21/2022), Capital Program Application Deadline Extended for Tribal Governments (Updated 8/26/2022), Treasury Approves Four Additional State Plans to Support Underserved Entrepreneurs and Small Business Growth Through the State Small Business Credit Initiative (8/19/2022), Treasury Launches the 2021 State Small Business Credit Initiative (SSBCI) Technical Assistance Grant Application Portal on 8/1/2022, Treasury Announces North Carolina Approved to Receive Up to $201.9 Million to Promote Small Business Growth and Entrepreneurship through the American Rescue Plan (7/29/2022), Treasury Approves Nine Additional State Plans to Support Underserved Entrepreneurs and Small Business Growth Through the State Small Business Credit Initiative (7/18/2022), Treasury Announces First State Small Business Credit Initiative Awards to Support Underserved Entrepreneurs and Small Business Growth in Key Industries (5/19/2022), Treasury Announces Plans to Deploy $300 Million in Technical Assistance to Underserved Entrepreneurs and Very Small Businesses through the State Small Business Credit Initiative (4/28/2022), Treasury Launches Historic Equity Measurements for American Rescue Plan Small Business Investments Program - Press Release 3/3/2022, Demographics-Related Reporting Requirements: Interim Final Rule (IFR), Tribal government Notice of Intent (NOI) Submissions(Updated 1/31/2022). 2023 California State Treasurer's Office, Certification to Participate in the State Small Business Credit Initiative (SSBCI) Program, CalCAP Collateral Support Program Webpage, CalCAP for Small Business Program Webpage, CalCAP Participating Financial Institution Application, $1.18 B in SSBCI 2.0 Funds Awarded to California, accepting applications for SSBCI 2.0 Technical Assistance, CalCAP for Small Business Brochure (Including How It Works and Which Loans Qualify), CalCAP Collateral Support Brochure (Including How It Works and Which Loans Qualify), California Office of the Small Business Advocate (CalOSBA), referrals to help in more than 20 languages, Americas Small Business Development Centers, Within the second tranche: loan participation program. Information regarding webinars will be emailed to the points of contact and Authorized Representatives provided in the Notices of Intent. This program will provide a combined $10 billion for small business credit support and investment programs to: Now open! SSBCI will allocate at least $14.73 million to Tribal governments. State Small Business Credit Initiative (SSBCI), Budget, Financial Reporting, Planning and Performance, Financial Markets, Financial Institutions, and Fiscal Service, Treasury Coupon-Issue and Corporate Bond Yield Curve, Treasury International Capital (TIC) System, Kline-Miller Multiemployer Pension Reform Act of 2014, Taxpayers Will See Improved Service This Filing Season Thanks to Inflation Reduction Act, Disparities in the Benefits of Tax Expenditures by Race and Ethnicity, Racial Differences in Economic Security: Non-Housing Assets, Treasury Sanctions People Involved in Serious Human Rights Abuse Against Vladimir Kara-Murza, Treasury Announces Approval of Up to $890.7 Million to Support Small Business Success Across Three States, Treasury Sanctions CJNG-Run Timeshare Fraud Network. Please reference the website at Treasury.gov/SSBCI for more information. SSBCI 1.0was passed in 2010 and ran from 2011 to 2017. Information about the UEI transition can be found by accessing GSA.gov and searching on Unique Entity Identifier Update. If you did not receive the email, it could be because it was blocked by your Email Server, Firewall, Email Provider or Email Client. This is a considerable increase from the first SSBCI and the $1.4 billion it offered in 2010. 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. 7.1. Following approval, program documentation, including submission guidelines, will be made available via the TSBCI web portal, which will also be open to accept applications from financial institutions interested in participating in the program. Empire State Development's Small Business Division supports the development and expansion of businesses with under 100 employees - directing an array of programs and initiatives supporting small business growth and helping entrepreneurs maximize opportunities for success. Documents, timelines, and other resources related to the 2021 allocation of the SSBCI program can be accessed here2021 Archive. This is primarily due to the hands-off approach of the program by allowing states the flexibility to design their own small business support programs. Please refer to the Federal Service Desk for assistance with your SAM.gov account. For more information, visit the program website at Treasury.gov/SSBCI. What Entities are eligible for the Technical Assistance Grant Program? It seems the federal government offers loan guarantees and funds to states, who in turn offer loans processed by banks and credit unions. To view the purposes they believe they have legitimate interest for, or to object to this data processing use the vendor list link below. We recommend you review their webpage for full instructions. Eligible Entities can either create an account (your identity will need to be verified through ID.me) or log in. 7.2. These participating lendersundergo a vetting process whereby the State will evaluate the lender on management and lending experience as well as financial capacity and ability. Treasury will review complete applications as quickly as possible, in the order in which they are received. An online application portal is forthcoming. When the Finish button becomes active, you can complete the signing. Lenders looking to participate in the SSBCI program will undergo a vetting process. When reporting begins, Entities will submit required reports to Treasury using an online portal that will be available at Treasury.gov/SSBCI. How do I report them? For more information, visit the program website at Treasury.gov/SSBCI. While on the DocuSign page and once all required fields have been completed, the Finish button will appear. The American Rescue Plan Act (ARPA) provided Treasury with $500 million to deploy technical assistance (TA) for underserved entrepreneurs to access $10 billion in State Small Business Credit Initiative (SSBCI) funding. Currently, Georgias SSBCI offers two programs. If you are having difficulty registering on ID.me, please refer to ID.me Contact Support for assistance. /. So whether you're looking for financing, technical assistance or just a single point of contact to help you navigate the breadth of . We and our partners use cookies to Store and/or access information on a device. For the TA Grant program, preliminary program allocations for states, territories, and the District of Columbia can be found on the programs website at Treasury.gov/SSBCI by scrolling down to the Program Rules and Materials section then clicking on the Preliminary Technical Assistance Grant Program Allocation Table link. The One-Stop Business Portal is also in development, which will provide small businesses with one resource for starting and running . In addition, the program will assist small businesses that are traditionally marginalized and those that have been impacted by the COVID-19 pandemic. SSBCI will allocate at least $500 million to Tribal governments. Remarks by Assistant Secretary Elizabeth Rosenberg for Terrorist Financing and Financial Crimes at the Association of Women in International Trade. At that point, Entities doing business with the Federal Government must use a Unique Entity Identifier (UEI) number assigned in SAM.gov and will no longer use a third-party website to obtain their identifier number. Why am I unable to log in? If the email is still not found, Users can trigger the email to be resent from within the Treasury Portal. Eligible Recipients under the Technical Assistance (TA) Grant Program are States, the District of Columbia and Territories that submitted a complete SSBCI Capital Program application by February 11, 2022; and Tribal Governments that submit a complete SSBCI Capital Program application by October 31, 2022. The Texas Small Business Credit Initiative is expected to be allocated more than $472 million and the State of Texas is focused on staying apprised of the latest program information released by the U.S. Department of the Treasury. How much money have I been preliminarily allocated to receive? State Small Business Credit Initiative (SSBCI) The RFP for the SSBCI Venture Capital Programs has been put on hold temporarily while we review potential changes to the RFP. All applications must be submitted electronically through the Treasury Portal at Portal.Treasury.gov/cares. 2.7. Why do I need to sign up at SAM.gov? The $1.4 billion of the first SSBCI was able to leverage more than $8 billion in private small business loans and investments. Specifically, beginning in FY 2021, the Department of the Treasury (Treasury) is authorized to provide up to $10 billion in support for small business capital . Tribal Governments interested in participating in SSBCI were required to submit a Notice of Intent (NOI) to apply for SSBCI funds by December 11, 2021. Technical Assistance for small businesses will be implemented by technical service providers after U.S. Treasury completes the application and award process. The SSBCI Program is now a state-administered revolving loan program. Apply for SSBCI through Social Impact Funds Apply for SSBCI through Seed Funds Apply for SSBCI through Venture Funds TEDCO's Venture Capital Limited Partner (VCLP) Program - Interest Form: Emerging fund managers interested in applying to the program, should complete the interest form by 5:00pm ET on Monday, January 9, 2023. The Small Business Jobs Act of 2010 (the Act) became law in the fall of 2010. 6.3. Trafficking Minnesota has been approved by the U. S. Department of the Treasury for up to $97 million for small business financing support. Funding is available from U.S. Treasury in three tranches, and the first tranche of funding - $142 million - is ready for deployment. What reporting is required? What is the Unique Entity Identifier (UEI) number? Maryland has been approved by the U.S. Treasury to administer up to $198 million in federal assistance, including subsequent performance-based funds, through the State Small Business Credit Initiative (SSBCI). The SSBCI is managed by the U.S. Department of the Treasury, and it will be allocating the funds. Remarks by Under Secretary for Domestic Finance Nellie Liang During Workshop on Next Steps to the Future of Money and Payments, Remarks by Secretary of the Treasury Janet L. Yellen at Bilateral Meeting with Prime Minister of Ukraine Denys Shmyhal, RT @TreasuryDepSec: At our roundtable with @BlkEconAlliance today, @SBAIsabel @RepNikema and I heard from business leaders about ways the f, RT @TreasuryDepSec: I'm in Atlanta this week with @SBAIsabel and @DepSecTodman to highlight some of the historic investments @USTreasury @S, Form 941, employer's quarterly federal tax return, Special Inspector General, Troubled Asset Relief Program (SIGTARP), Administrative Resource Center (ARC)- Bureau of the Fiscal Service. What was the allocation methodology for SSBCI? Technical Assistance Grant Program Preliminary Allocations to Tribal Governments - Methodology Summary, Technical Assistance Grant Program Tribal Consult Summary, Capital Program Policy Guidelines (Updated 12/15/2022), Frequently Asked Questions SSBCI Capital and TA Grant Programs (Updated 12/8/2022), Capital Program National Compliance Standards (11/17/2022), Capital Program Reporting Guidance (Updated 9/30/2022), Technical Assistance Program Application Template, Sample Technical Assistance Notice of Award, Capital Program Sample Certifications (Updated 7/28/2022), Preliminary Technical Assistance Grant Program Allocation Table (4/28/2022), Technical Assistance Grant Program Guidelines (4/28/2022), Allocations for States Territories Washington DC and Tribal Governments, Preliminary Allocation to Tribal Governments Methodology Summary (Updated 11/10/2021). The Treasury Portal does not work well on Internet Explorer. 2.4. The U.S. Department of Treasury is administering a second installment of the State Small Business Credit Initiative (SSBCI) as part of the American Jobs Plan passed in 2021. 3.11. If you are a future, new, or existing DBE, small business owner, or entrepreneur looking for more resources now, visit the BERO website and/or TNSmartStart.com to get your personalized list of resources, build your own business model canvas, or locate resources near you. There does not seem to be a portal for small businesses yet - or . Documents and resources from the 2010 SSBCI which operated from 2011-2017 will be revised for the 2021 round of SSBCI. This new portal is referred to as SSBCI This document also contains the preliminary allocation methodology summary for Tribal governments. Congress appropriated $1.5 billion to the Initiative. 2.9. Note:These funds are not available in Tennessee, yet. During this time, approximately 69 percent of the funding supported . IBank is the lead applicant and they have signed an allocation agreement with U.S. Treasury. Contact Information Applications to become a subrecipient will be accepted until January 14 . If you are an eligible jurisdiction and did not receive an email, please contact Treasury at: ssbci_information@treasury.gov. Manage Settings For more information, please visit theU.S. Department of the Treasuryswebsite. Select the Settings link. Fund Tennesseeis expecting to launch in the first part of 2023. for the newsletter for upcoming announcements. The capital program application portal was launched on 11/22/2021 and the technical assistance grant program application portal was launched on 8/1/2022. Small Business Credit Initiative Frequently Asked Questions, https://home.treasury.gov/policy-issues/small-businessprograms/state-small-business-credit-initiative-ssbci/2021-ssbci/program-materials/application-materials, Special Inspector General, Troubled Asset Relief Program (SIGTARP), Administrative Resource Center (ARC)- Bureau of the Fiscal Service, This document contains answers to frequently asked questions regarding the Department of Treasury State Small Business Credit Initiative (SSBCI). Tribal Governments interested in participating in SSBCI were required to submit a Notice of Intent (NOI) to apply for SSBCI funds by December 11, 2021. 3.8. Delaware will receive Treasury funding to provide small business financing and technical assistance to help small and diverse businesses become capital ready. Please check your browser. The initiative features a newly developed refinancing mechanism to strengthen Community Development Financial Institutions lending to small business.