Contact our office to inquire about becoming a participating lender. to get your personalized list of resources, build your own business model canvas, or locate resources near you. My entity does not have a UEI number. These State Small Business Credit Initiative funds are awarded to Delaware, Kentucky, Tennessee, and Wyoming to support local small business financing and investment programs WASHINGTON Today, the U.S. Department of the Treasury announced the approval of four additional state plans for up to $353.4 million in funding under the State Small Business Credit Initiative (SSBCI) in President . Interested in doing business in Pennsylvania? Information and updates will beshared on this website. From there, you can make any appropriate edits then click Save. Questions added 9/16/22: 1.1, 2.1-2.11, 3.1-3.11, 4.1-4.9, 5.1-5.2, 6.1-6.6, 7.1-7.2, 8.1-8.3. ET. It can be used for planning purposes. Can you send me the form to fill out? Tribal governments may request allocation information by emailing ssbci_information@treasury.gov or by accessing the application portal. On April 4, 2022, the Federal Government transitioned from the DUNS number issued by Dun and Bradstreet to the Unique Entity Identifier (UEI). What is the Unique Entity Identifier (UEI) number? Why am I unable to log in? Your UEI number is located below the DUNS number on your Entity Registration Record. If not, you can change them as needed. In fact, we've established a special Office of Small Business Affairs to connect business owners with resources that can help spark growth or ease relocation. Recent SSBCI News and Announcements from the last 60 days: Treasury Announces Approval of Up to $890.7 Million to Support Small Business Success Across Three States (3/2/2023), Treasury Announces Approval of Up to $353.4 Million to Support Small Business Success Across Four States | U.S. Department of the Treasury (2/27/2023), Treasury Announces Approval of Up to $339 Million to Support Small Business Success Across Three States and Two U.S. As a reminder, you must log in using the single sign on that you created using ID.me. Connecticut extends a big welcome to small businesses across a wide array of sectors. If you would like to change your settings or withdraw consent at any time, the link to do so is in our privacy policy accessible from our home page.. This initiative was originally created in 2009 under the Obama Administration. All rights reserved. The State of Georgia application to the U.S. Treasury was approved and the allocation agreement executed in December 2011. State Small Business Credit Initiative (SSBCI) About SSBCI The State Small Business Credit Initiative (SSBCI) was created through the Small Business Jobs Act of 2010 (the "Act"). After performance targets are . The Small Business Jobs Act of 2010 (the "Act") was signed into law on September 27, 2010. 2011 State Small Business Credit Initiative Application, State Small Business Credit Initiative (SSBCI) Application, Budget, Financial Reporting, Planning and Performance, Financial Markets, Financial Institutions, and Fiscal Service, Treasury Coupon-Issue and Corporate Bond Yield Curve, Treasury International Capital (TIC) System, Kline-Miller Multiemployer Pension Reform Act of 2014, Taxpayers Will See Improved Service This Filing Season Thanks to Inflation Reduction Act, Disparities in the Benefits of Tax Expenditures by Race and Ethnicity, Racial Differences in Economic Security: Non-Housing Assets, Treasury Sanctions People Involved in Serious Human Rights Abuse Against Vladimir Kara-Murza, Treasury Announces Approval of Up to $890.7 Million to Support Small Business Success Across Three States, Treasury Sanctions CJNG-Run Timeshare Fraud Network. 2.8. Please check your junk email, confirm your email address with the sender and select to trust all emails from DocuSign. Note: The State of Texas is currently awaiting SSBCI application approval from the U.S. Department of the Treasury. List of SSBCI Capital Programs and Contacts. Remarks by Assistant Secretary Elizabeth Rosenberg for Terrorist Financing and Financial Crimes at the Association of Women in International Trade. Community Development Financial Institutions engaged in small business lending in Georgia. SSBCI will allocate at least $500 million to Tribal governments. We recommend you review their webpage for full instructions. After reviewing the RFI, commenters can post their comments on Regulations.gov. Get more information at the U.S. Department of the Treasury State Small Business Credit Initiative Capital Program Policy Guidelines SSBCI program guidelines. The $1.4 billion of the first SSBCI was able to leverage more than $8 billion in private small business loans and investments. Im trying to do something in the Treasury Portal and its not working. The State Small Business Credit Initiative (SSBCI) provides funds to States, Territories, and Tribal governments to enable these jurisdictions to support programs for small businesses. What was the allocation methodology for SSBCI? 3.9. Through SSBCI, Treasury will provide funds to states, the District of Columbia, territories, and . Small Business Credit Initiative Frequently Asked Questions, https://home.treasury.gov/policy-issues/small-businessprograms/state-small-business-credit-initiative-ssbci/2021-ssbci/program-materials/application-materials, Special Inspector General, Troubled Asset Relief Program (SIGTARP), Administrative Resource Center (ARC)- Bureau of the Fiscal Service, This document contains answers to frequently asked questions regarding the Department of Treasury State Small Business Credit Initiative (SSBCI). All Entities can obtain a Unique Entity Identifier (UEI) number on the Sam.gov website and register for an account if needed: 4.4. It also provides technical assistance to small businesses applying for SSBCI funding. This document also contains the preliminary allocation methodology summary for Tribal governments. States, the District of Columbia, and Territories must submit their completed SSBCI Technical Assistance (TA) Grant Program application by October 14, 2022 at 11:59 pm ET (Eastern Time). 2.10. State Small Business Credit Initiative (SSBCI 2.0) Current Status The U.S. Treasury has awarded $1.181 billion in SSBCI 2.0 funds to California, divided equally between CPCFA and IBank. You will need to verify your identity with ID.me. For more information, please visit theU.S. Department of the Treasuryswebsite. Once the modifications are completed, we will post the revised RFP to this site. The funds will also support recipient jurisdictions in promoting American entrepreneurship and democratizing access to startup capital across the country, including in underserved communities. Tribal Governments interested in participating in SSBCI were required to submit a Notice of Intent (NOI) to apply for SSBCI funds by December 11, 2021. 4.7. SSBCI will allocate at least $500 million to Tribal governments. We're here to help New York State's small businesses reimagine, rebuild and renew. SSBCI will allocate at least $14.73 million to Tribal governments. The Treasury Portal supports most modern browsers including Microsoft Edge, Google Chrome, and an updated version of Safari. Documents and resources from the 2010 SSBCI Allocation which operated from 2011-2017 can be found at2010-2017 Archive. This is a considerable increase from the first SSBCI and the $1.4 billion it offered in 2010. provided $10 billion to fund the State Small Business Credit Initiative SSBCI. The Georgia Loan Participation Program (GA LPP) will enable lenders to provide more loans to businesses since the lender is able to diversity its risk by sharing exposure with the State. Applications will be accepted between July 18, 2022 through August 19, 2022. For the Capital program, preliminary program allocations for states, territories, and the District of Columbia can be on the programs website at Treasury.gov/SSBCI by scrolling down to the Program Rules and Materials section then clicking on the Allocations for States Territories Washington DC and Tribal Governments link. (VSBFA) is the eligible entity that will apply for SSBCI 2.0 funds. ID.me is a technology partner to multiple Government Agencies and Healthcare Providers. Please contact our officeto obtain an application package. 2.4. The Small Business Jobs Act of 2010 (the Act) became law in the fall of 2010. Please scroll down to the Program Rules and Materials section to access these documents. If you are having difficulty registering on SAM.gov, please refer to the Federal Service Desk for assistance with your SAM.gov account. The program will allow for a veteran, active or reserve military, or Gold Star spouse who have a fifty-one percent ownership in a business to apply for and gain certification to recognize and promote their businesses. Required supplemental information outlined in Appendix I of the program guidelines must be attached electronically to the application as directed on the Addenda tab. Email: ecd.SSBCI2.0@tn.gov, Go to Economic & Community Development (ECD), is administering a second installment of the. It provides secure digital identity verification to those Government Agencies and Healthcare Providers to make sure that you are you and not someone pretending to be you when you request access to online services. Please ensure your legacy DUNS number is accessible for historical reference where needed, as the DUNS number will no longer be visible to Users in SAM.gov after April 4, 2022. The Texas Small Business Credit Initiative is expected to be allocated more than $472 million and the State of Texas is focused on staying apprised of the latest program information released by the U.S. Department of the Treasury. You can check the status of your application at any time by logging into the Treasury Portal at Portal.Treasury.gov/cares. MONTGOMERY - Governor Kay Ivey on Tuesday announced that the Alabama Innovation Corporation (Innovate Alabama) opened applications for the Innovate Alabama Supplemental Grant Program.Alabama-based recipients of Phase I and Phase II Federal Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) grants are eligible to apply for up to $250,000 in supplemental . We believe that access to loan capital is a fundamental component of an equitable, vibrant, and growing economy. On March 11, 2021, President Biden signed into law the American Rescue Plan Act of 2021, which provided $10 billion to fund the State Small Business Credit Initiative SSBCI. The expectation is that this funding will generate the minimum bang for the buck of $10 in private investment for every $1 in federal funding . Treasury Announces Eleven Additional States to Receive up to $1 Billion from U.S. Treasury Department to Promote Small Business Growth and Entrepreneurship through the American Rescue Plan (10/11/2022), California to Receive up to $1.1 Billion from U.S. Treasury Department to Promote Small Business Growth and Entrepreneurship through the American Rescue Plan (9/21/2022), Capital Program Application Deadline Extended for Tribal Governments (Updated 8/26/2022), Treasury Approves Four Additional State Plans to Support Underserved Entrepreneurs and Small Business Growth Through the State Small Business Credit Initiative (8/19/2022), Treasury Launches the 2021 State Small Business Credit Initiative (SSBCI) Technical Assistance Grant Application Portal on 8/1/2022, Treasury Announces North Carolina Approved to Receive Up to $201.9 Million to Promote Small Business Growth and Entrepreneurship through the American Rescue Plan (7/29/2022), Treasury Approves Nine Additional State Plans to Support Underserved Entrepreneurs and Small Business Growth Through the State Small Business Credit Initiative (7/18/2022), Treasury Announces First State Small Business Credit Initiative Awards to Support Underserved Entrepreneurs and Small Business Growth in Key Industries (5/19/2022), Treasury Announces Plans to Deploy $300 Million in Technical Assistance to Underserved Entrepreneurs and Very Small Businesses through the State Small Business Credit Initiative (4/28/2022), Treasury Launches Historic Equity Measurements for American Rescue Plan Small Business Investments Program - Press Release 3/3/2022, Demographics-Related Reporting Requirements: Interim Final Rule (IFR), Tribal government Notice of Intent (NOI) Submissions(Updated 1/31/2022). Our mission is to bring you "Small business success delivered daily.". The Treasury Portal does not work well on Internet Explorer. If you are a Participating Jurisdiction and do not know who your outreach manager is, please contact ssbci_information@treasury.gov. Through SSBCI 2.0, Treasury will provide funds to states, the District of Columbia, territories, and Tribal governments for small business credit support and investment . For small businesses, it offers attractive terms for loans, flexible resources for funding with little red tape, fast access to funds, and a quick answer to a loan request. It can be used for planning purposes. Florida received a total SSBCI allocation of $97,662,349. of Treasury has released funds to somestates/territories, it is a rolling process. The Act created the State Small Business Credit Initiative, funded with $1.5 billion to strengthen state lending programs that support small businesses and manufacturers. The funds will be sent to California over a period of eight years, in three separate installments (tranches). All other inquiries should be directed to the Public Affairs Office of the Treasury and any press inquiries should be directed to Press@Treasury.gov. With SSBCI 2.0, the program will have $10 billion available for creating specialized small business access to capital programs. Additional Information Businesses will apply for funding through their local economic development organization. Empire State Development's Small Business Division supports the development and expansion of businesses with under 100 employees - directing an array of programs and initiatives supporting small business growth and helping entrepreneurs maximize opportunities for success. 3.2. Any questions regarding the SSBCI program should be submitted tossbci_information@treasury.gov. Helping to build strong, vibrant communities. Because ID.me verifies your individual identity (and not your company or agency identity), you will need to provide some personal information during the ID.me verification process. Why isnt the system accepting [x] information? (updated. What Entities are eligible for the Capital Program? To ensure equitable access across the state, DCED has contracted with economic development partners at the regional and local levels to administer loan and equity programs. PA State Small Business Credit Initiative (PA-SSBCI) Program Guidelines - PA Department of Community & Economic Development Pennsylvania Department of Community and Economic Development MENU DCED Library PA State Small Business Credit Initiative (PA-SSBCI) Program Guidelines PA State Small Business Credit Initiative (PA-SSBCI) Program Guidelines Why do I need to use ID.me? When approved a business can generally use the funds for: This can vary by state, so make sure to check. Weencourage those interested in Tennessee's SSBCI program to check backperiodically and/orsign-upfor the newsletter for upcoming announcements. Box 12428 Austin, Texas 78711 (512) 936-0100 How do you get an application for small business loan? 5.1. SSBCI 1.0 was passed in 2010 and ran from 2011 to 2017. Does anyone understand where we're at with this program or have any other insights? CPCFA and IBank have signed an updated joint agreement to implement SSBCI 2.0. What do I do? The new bill has allocated $10 billion to the State Small Business Credit Initiative (SSBCI), which provides fundingthrough lendersto support small businesses (defined as those with under 500 employees) and nonprofits to expand economic opportunities. It seems the federal government offers loan guarantees and funds to states, who in turn offer loans processed by banks and credit unions. 4.6. The SSBCI is managed by the U.S. Department of the Treasury, and it will be allocating the funds. Notice, Credit enhancements to strengthen bank loans and reduce risk, Delegated lending model where lenders manage underwriting, Streamlined procedures and quick response to project loan requests. Please verify that you are supplying the information in the correct format. Congress appropriated $1.5 billion to the Initiative. An example of data being processed may be a unique identifier stored in a cookie. For further information on the transition to UEI Number, access SAM.gov. When additional information becomes available, it will be posted on the program website at Treasury.gov/SSBCI. Topics, More Small Business Owners Struggling with Inflation, How to Support Small Business on Small Business Saturday, 10 New Years Resolutions to Consider for Your Small Business in 2021, Which Small Businesses Will Thrive in 2021, $6.5 billion for State allocation $6 billion based on unemployment and half a billion dollars based on percentage of companies with less than ten employees, $1.5 billion for businesses owned and controlled by socially and economically disadvantaged individuals, $1 billion for incentives to States/Tribal governments that demonstrate robust support for businesses owned and controlled by socially and economically disadvantaged individuals, Half a billion dollars for technical assistance programs, Half a billion dollars for Tribal governments, Purchase or construction renovations of non-passive real estate. If you are registered in SAM.gov, your UEI number has already been assigned and is viewable in your SAM.gov account. Remarks by Assistant Secretary Elizabeth Rosenberg for Terrorist Financing and Financial Crimes at the Association of Women in International Trade. Atlanta, GA 30329 The Treasury Portal supports most modern browsers including Microsoft Edge, Google Chrome, and an updated version of Safari. The U.S. Department of the Treasury has launched the 2021 State Small Business Credit Initiative (SSBCI) portal. It will fund state, territory, and Tribal government small business credit support and investment programs. For more information, please visit the U.S. Department of the Treasury's website. 2011 State Small Business Credit Initiative Application Eligible Recipients under the Technical Assistance (TA) Grant Program are States, the District of Columbia and Territories that submitted a complete SSBCI Capital Program application by February 11, 2022; and Tribal Governments that submit a complete SSBCI Capital Program application by October 31, 2022. Directory of State of Nevada Employees and Elected Officials with phone numbers, emails and general information. The first time you click a SIGN or INITIAL field, you are asked to adopt a signature and initials. 8.1. Following approval, program documentation, including submission guidelines, will be made available via the TSBCI web portal, which will also be open to accept applications from financial institutions interested in participating in the program. What is the last day I can apply for the Capital Program? How do I receive payment (Wire, ACH)? The objective of SSBCI is to support state programs that provide resources to assist small business growth and create new jobs through increased access to small business funding. Quarterly Reports Each participating jurisdiction must submit to Treasury a quarterly report for the first full calendar quarter following the execution of its Allocation Agreement with Treasury and each quarter thereafter. The result was 190,000 jobs that were created or retained because of the support. If you are a business or a lending institution that is interested in participating in small business financing programs through the SSBCI, please go to http://treasury.gov/ssbci and click on the List of Proposed Programs and Contacts link to locate the State or Territorial contact in your area. Of the total amount funded, Georgia was allocated $48,024,748. The new version of the SSBCI program provides a combined $10 billion to states, the District of Columbia, territories, and Tribal governments to empower small businesses to access capital needed to invest in job-creating opportunities as the country emerges from the pandemic. SSBCI was funded with $1.5 billion to strengthen state programs that support financing of small businesses. The initiative is a partnership between the federal government and individual states and provides funding to state programs that offer financing and technical assistance to small businesses. How do I edit my individual account information? State Small Business Credit Initiative (SSBCI) Application | U.S. Department of the Treasury Home State Small Business Credit Initiative (SSBCI) Application Documents and resources from the 2010 SSBCI which operated from 2011-2017 will be revised for the 2021 round of SSBCI. Tribal Governments must initiate and submit their completed SSBCI capital program application by October 31, 2022, at 11:59 p.m. The initiative features a newly developed refinancing mechanism to strengthen Community Development Financial Institutions lending to small business. Their website is fsd.gov and you can also call them at 866-606-8220 from 8am - 8pm EST. Since 2002, the OCAP has assisted countless small businesses with their working capital and fixed-asset financing needs. For more information, visit the program website at Treasury.gov/SSBCI. Select the Settings link. Further information on how these allocations were made can be found by accessing in the Technical Assistance Grant Program Guidelines on the same page. If you are a future, new, or existing DBE, small business owner, or entrepreneur looking for more resources now, visit the BERO website and/or TNSmartStart.com to get your personalized list of resources, build your own business model canvas, or locate resources near you.