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 […]
Tag: ssbci
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 […]
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 […]
Preparing For State Small Business Credit Initiative (SSBCI) Reporting
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 […]
