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Community Reinvestment Fund, USA Names Ben Jirik Senior Loan Officer

Community Reinvestment Fund, USA Names Ben Jirik Senior Loan Officer CRF USA Logo

Community Reinvestment Fund, USA (CRF) is thrilled to share that Ben Jirik has recently joined the organization as a senior loan officer. Ben will work closely with entrepreneurs to connect them with capital and resources designed to support them along their small business journey. “With his deep understanding of credit and commitment to helping entrepreneurs […]

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 […]

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 […]

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 […]

3 Ways Artificial Intelligence is Helping Small Business Owners

3 Ways Artificial Intelligence is Helping Small Business Owners Businessman pressing virtual button on a touch screen interface. Business and technology concept.

By: Alexis Dishman Being a small business owner can be a juggling act. On any given day, you might be tasked with handling operations, marketing, accounting, and more. With this workload, there aren’t always enough hours in the day to focus on the long-term growth of the business. In fact, a recent small business study […]

What Types of Financing are Available for Small Businesses?

What Types of Financing are Available for Small Businesses? Senior couple signing document

By: Alexis Dishman Whether your business is growing, downsizing, or somewhere in between, sooner or later you may need a cash infusion to support your small business needs. But it’s a crowded marketplace for small business loans. There are online lenders, bank lenders, Community Development Financial Institutions (CDFIs) and non-profit lenders available to lend money […]

Finding the Right Size of SBA Loan for Your Small Business

Finding the Right Size of SBA Loan for Your Small Business Happy modern Asian entrepreneur working on his tablet at home

By: Alexis Dishman Is your small business ready for a Small Business Administration (SBA) loan? You may be asking yourself, how much SBA loan can I get? Seeking SBA financing requires careful financial planning and insight into the small business lending process. The SBA offers several different loan programs, each with its own limits, restrictions, […]

The Most Common Types of Small Business Financing

The Most Common Types of Small Business Financing Smiling businesswoman looking up while working

By: Alexis Dishman There are several ways for small businesses to access capital.  Here, we’ll explain the most common types of external sources for small business financing (i.e., not personal savings) that can help small businesses grow, hire, purchase real estate, and more. External financing tends to fall into three categories: equity, debt, and grants. […]

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 […]