In recent years, small businesses in the U.S. have faced significant challenges, ranging from the pandemic and natural disasters to economic headwinds like inflation and higher interest rates. These obstacles have tested the resilience of small businesses and put a spotlight on their difficulties in accessing affordable capital. For the smallest and most vulnerable businesses, […]
Category: Blog
Webinar: Flexible Financing Options Tailored for Business Growth
CRF Webinar – Tax Season Made Easy: Strategies for Small Bussinesses
Webinar: Tax Season Made Easy, Strategies for Small Businesses
CRF Webinar – Tax Season Made Easy: Strategies for Small Bussinesses
What is the State Small Business Credit Initiative (SSBCI)?
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
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
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 […]
