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What is the State Small Business Credit Initiative (SSBCI)?

What is the State Small Business Credit Initiative (SSBCI)? Group of people meeting

The State Small Business Credit Initiative (SSBCI) is part of the American Rescue Plan Act of 2021 and provides a combined $10 billion to states, the District of Columbia, territories, and Tribal governments to expand access to capital for small businesses emerging from the pandemic. This is the second iteration of SSBCI – the original […]

SSBCI Quarterly Reporting: 3 Things You Should Know

SSBCI Quarterly Reporting: 3 Things You Should Know High angle view of an anonymous African-American woman analyzing business graph on a laptop computer while sitting at restaurant desk with notebook and eyeglasses.

State Small Business Credit Initiative (SSBCI) quarterly reporting doesn’t need to be a daunting task. Planning and keeping several key reporting requirements top of mind will help participating jurisdictions efficiently and accurately fulfill reporting requirements. Before getting started, be sure to read and review the U.S Treasury’s Capital Program Reporting Guidance document which outlines details […]

The SSBCI Annual Report: What You Need to Know

The SSBCI Annual Report: What You Need to Know Businessman works on laptop Showing business analytics dashboard with charts, metrics, and KPI to analyze performance and create insight reports for operations management. Data analysis concept.Ai

If you are one of the jurisdictions participating in the federal State Small Business Credit Initiative (SSBCI), you are required to submit an annual report to the U.S. Treasury Department. Participants must submit annual reports for each calendar year by March 31 of the following year. For example, the annual report due date for the […]

Preparing For State Small Business Credit Initiative (SSBCI) Reporting

Preparing For State Small Business Credit Initiative (SSBCI) Reporting Two people reviewing a report on an ipad

Administered by the U.S. Department of Treasury, the State Small Business Credit Initiative (SSBCI) is a federal program providing $10 billion to states, the District of Columbia, territories, and Tribal governments to promote small business growth and access to capital.   SSBCI funding is deployed by jurisdictions to small businesses through equity/venture capital programs, loan participation […]

Insights – The Southern Opportunity and Resiliency (SOAR) Fund

Insights – The Southern Opportunity and Resiliency (SOAR) Fund woman with open sign

Program Overview Launched in April 2021, the Southern Opportunity and Resiliency (SOAR) Fund provided affordable financing and free business support to services to eligible small businesses and nonprofits across the southern and southeastern United States to help them rebuild from the COVID-19 pandemic.   The SOAR Fund included 12 Community Development Financial Institution (CDFI) participants that […]

Insights – California Rebuilding Fund

Insights – California Rebuilding Fund woman purchasing food from a vendor

Program Overview The California Rebuilding Fund (CARF) provided flexible financing to California small businesses. Participating Community Development Financial Institutions (CDFIs) provided loans up to $100,000 to eligible California small businesses, which could be used for working capital, inventory, refitting for new social distancing guidelines, and more.  Between January 2021 – June 2022, the Fund led […]

Insights – Chicago Small Business Resiliency Loan Fund

Insights – Chicago Small Business Resiliency Loan Fund bridge in downtown Chicago

Program Overview 60 Decibels is partnering with CRF USA & Calvert Impact Capital to understand the impact of the Chicago Small Business Resiliency Loan Fund on small businesses. Partner organizations came together, via an innovative structure and collaborative funding model, to better understand and address common challenges in accessing and deploying capital for historically underserved […]

Insights – New York Forward Loan Fund Program

Insights – New York Forward Loan Fund Program mother and son behind bakery counter

Program Overview Launched in 2020, the New York Forward Loan Fund (NYFLF) supported New York State small businesses with 50 or fewer full-time employees, nonprofits, and small residential landlords that experienced a loss of rental income. Through the fund, five local Community Development Financial Institutions (CDFIs) provided loans up to $100,000 to eligible New York […]