For Small Businesses
State Small Business Credit Initiative (SSBCI)
Providing administration, reporting, and technology for SSBCI participants.
CRF – A PREFERRED SSBCI PARTNER
We are your SSBCI implementation partner for your SSBCI credit programs
CRF is your SSBCI implementation partner- whether you need a turnkey loan participation program or you need support on implementing your own LPP or other credit support program.
Proven model for previous state loan funds
In response to the pandemic, Calvert Impact, CRF, NDC and their partners built and implemented an innovative loan participation fund structure that has been implemented and is active across 19 states and the District of Columbia (“LPP 1.0”).
SSBCI Loan Participation Program
A turnkey model for loan participation programs
Together with our partners Calvert Impact and the National Development Council (NDC), we have developed and are implementing a turnkey loan participation program available nationally to all states. The program is Treasury approved and meets all Treasury requirements.
What is the model?
The national model is based on the state/regional model the three organizations developed in response to the pandemic and have used and implemented across 19 states and the District( “LPP 1.0”).
It utilizes a fund structure, technology supplied by CRF, a private warehouse line of capital, fund administration provided by CRF or NDC, financing and operational support by Calvert Impact.
Advantages of the turnkey national model for SSBCI:
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Proven record of reaching small businesses, particularly SEDI and VSB as defined by the Treasury
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Fully managed turn-key program, simplifies reporting and administration for the states
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Utilizes CRF Connect and CRF Exchange
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Committed and assured source of private capital
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Simplify the process for the small business owners
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Ability to support local CDFIs and if needed provide access to additional CDFI lenders
SSBCI Solutions for Technology, Lending, Reporting
Support with technology, lending, and/or reporting and SSBCI administration
CRF has the technology products that make your SSBCI credit programs work seamlessly-including the back-end reporting and administration.
Our established technology model for scaling capital and providing back-end support for small business recovery loan funds includes:
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Program onboarding & training
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Industry leading security and bespoke program architecture
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Marketing and digital support available
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API connections to seamlessly transfer & connect program data
Intake and matching platform
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Simple, web-based pre-application form to capture, aggregate, & distribute demand to partners
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Match to loan, grant, and technical assistance opportunities to ensure service & access, even for applicants who aren’t loan ready
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Customizable form to gather program-specific data and impact metrics
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Provides equitable access to SSBCI programs for broad impact
Reporting, Compliance, & Liquidity Platform for SSBCI participants
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Document capture & retention for accountability and audit purposes
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Reporting customization, data standardization, and validation tools
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Real-time program dashboards
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Tech-enabled sales to program fund when used for liquidity solutions
Explore more SSBCI topics
SSBCI Success Story
Nevada Battle Born Program
Backed by the federal State Small Business Credit Initiative (SSBCI), the Nevada Battle Born Microloan Program connects small businesses in the state to mission-driven lenders that provide affordable loans, up to $250k, and technical assistance services.
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AZ Mortgage Banker License ID: BK-1000774
Licensed by the California Department of Financial Protection and Innovation under the California Residential Mortgage Lending Act and the California Finance Lenders Law
Approved to offer SBA loan products under SBA’s Preferred Lenders Program
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Founded in 1988, Community Reinvestment Fund, USA (CRF) is a national non-profit organization with a mission to improve lives and strengthen communities through innovative financial solutions. A leading Community Development Financial Institution (CDFI), CRF supports mission-driven organizations, increases economic mobility, and builds strong local economies through the development of solutions aimed at creating an equitable financial system. CRF has injected more than $3.6 billion to stimulate job creation and economic development and support community facilities.
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Community Reinvestment Fund, USA is an equal opportunity lender, provider, and employer.