Delaware will receive Treasury funding to provide small business financing and technical assistance to help small and diverse businesses become capital ready. State Small Business Credit Initiative (SSBCI) Application Kentucky Small Business Credit Initiative - Kentucky SBDC The Georgia Small Business Credit Guaranty (SBCG) Program provides a 50% credit guaranty to the lender on loans up to $400,000. It allowed states to design and implement programs to accommodate various business needs. 4.3. You will need to verify your identity with ID.me. Eligibility and Preliminary Allocations, 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. Maryland has been approved by the U.S. Treasury to administer up to $198 million in federal assistance, including subsequent performance-based funds, through the State Small Business Credit Initiative (SSBCI). Diversity, Equity, Inclusion, and Accessibility, Alcohol and Tobacco Tax and Trade Bureau (TTB), Financial Crimes Enforcement Network (FinCEN), Office of the Comptroller of the Currency (OCC), Treasury Inspector General for Tax Administration (TIGTA), Special Inspector General for the Troubled Asset Relief Program (SIGTARP), Special Inspector General for Pandemic Recovery (SIGPR), Budget Request/Annual Performance Plan and Reports, Inspector General Audits and Investigative Reports, Foreign Account Tax Compliance Act (FATCA), The Community Development Financial Institution (CDFI) Fund, Specially Designated Nationals List (SDN List), Sanctions Programs and Country Information, Financial Literacy and Education Commission, The Committee on Foreign Investment in the United States (CFIUS), Macroeconomic and Foreign Exchange Policies of Major Trading Partners, U.S.-China Comprehensive Strategic Economic Dialogue (CED), Small and Disadvantaged Business Utilization, Daily Treasury Par Real Yield Curve Rates, Debt Management Overview and Quarterly Refunding Process, U.S International Portfolio Investment Statistics, Report Fraud Related to Government Contracts, Cashing Savings Bonds in Disaster-Declared Areas, Community Development Financial Institution (CDFI) Fund, Electronic Federal BenefitPayments - GoDirect, General Property, Vehicles, Vessels & Aircraft. All existing Entities with an existing and active registration with SAM.gov will be assigned a UEI number that can be used for reporting activities. Further information on how these allocations were made can be found by accessing in the Capital Program Policy Guidelines on the same page. of Treasury has released funds to somestates/territories, it is a rolling process. SSBCI, which is administered by the U.S. Department of Treasury (Treasury), provides funding to be used for credit and investment programs for existing small businesses and start-ups. Overview. Diversity, Equity, Inclusion, and Accessibility, Alcohol and Tobacco Tax and Trade Bureau (TTB), Financial Crimes Enforcement Network (FinCEN), Office of the Comptroller of the Currency (OCC), Treasury Inspector General for Tax Administration (TIGTA), Special Inspector General for the Troubled Asset Relief Program (SIGTARP), Special Inspector General for Pandemic Recovery (SIGPR), Budget Request/Annual Performance Plan and Reports, Inspector General Audits and Investigative Reports, Foreign Account Tax Compliance Act (FATCA), The Community Development Financial Institution (CDFI) Fund, Specially Designated Nationals List (SDN List), Sanctions Programs and Country Information, Financial Literacy and Education Commission, The Committee on Foreign Investment in the United States (CFIUS), Macroeconomic and Foreign Exchange Policies of Major Trading Partners, U.S.-China Comprehensive Strategic Economic Dialogue (CED), Small and Disadvantaged Business Utilization, Daily Treasury Par Real Yield Curve Rates, Debt Management Overview and Quarterly Refunding Process, U.S International Portfolio Investment Statistics, Report Fraud Related to Government Contracts, Cashing Savings Bonds in Disaster-Declared Areas, Community Development Financial Institution (CDFI) Fund, Electronic Federal BenefitPayments - GoDirect, General Property, Vehicles, Vessels & Aircraft. State Small Business Credit Initiative (SSBCI) How do I check the status of my application? If you're a business owner with employees in California, you most likely need to offer your employees paid sick leave.That's because there's the Healthy Workplaces, Healthy Families Act of 2014. Information and updates will beshared on this website. SSBCI will allocate at least $500 million to Tribal governments. 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. This is to deliver capital to small businesses that urgently need it in the U.S. Financial Institutions are being enrolled in the CPCFA and IBank programs. The U.S. Department of Treasury is administering a second installment of the State Small Business Credit Initiative (SSBCI) as part of the American Jobs Plan passed in 2021. Whitmer Announces Michigan Awarded Millions to Support Small - SOM MBDA's Program: Small Business Credit Initiative After reviewing the RFI, commenters can post their comments on Regulations.gov. Contact our office to inquire about becoming a participating lender. Minnesota has been approved by the U. S. Department of the Treasury for up to $97 million for small business financing support. PA State Small Business Credit Initiative (PA-SSBCI) Program Guidelines It will fund state, territory, and Tribal government small business credit support and investment programs. At that point, Entities doing business with the Federal Government must use a Unique Entity Identifier (UEI) number assigned in SAM.gov and will no longer use a third-party website to obtain their identifier number. Pennsylvania Department of Community and Economic Development, https://dced.pa.gov/wp-content/themes/business2015/images/logo-l.png, Pennsylvania State Small Business Credit Initiative (PA-SSBCI). 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. The deadline for proposals will also be revised. 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"). Please check your browser. Any questions regarding the SSBCI program should be submitted tossbci_information@treasury.gov. All Entities can obtain a Unique Entity Identifier (UEI) number on the Sam.gov website and register for an account if needed: 4.4. FAQ - Indiana State Small Business Credit Initiative - California Economic development organizations must submit the online Electronic Single Application (ESA) for assistance. 2011 State Small Business Credit Initiative Application Email: ecd.SSBCI2.0@tn.gov, Go to Economic & Community Development (ECD), is administering a second installment of the. We recommend you review their webpage for full instructions. No action is required if you have an existing and active registration in SAM.gov. For the lenders there is a lower risk of loss, thus allowing them to approve loans they would ordinarily decline. Delaware Capital Access Program and State Small Business Credit Initiative Participation Loan help lenders to provide financing to businesses deemed too risky for the traditional banking model due to minor collateral or credit issues. Currently, non-Tribal applications must have been initiated by December 11, 2021 and completed by February 11, 2022 at 11:59pm ET (Eastern Time). Additional guidance, forms, and other resources with information about the SSBCI program will be posted as details are available. 3.11. Required supplemental information outlined in Appendix I of the program guidelines must be attached electronically to the application as directed on the Addenda tab. 3.2. This document also contains the preliminary allocation methodology summary for Tribal governments. Ohio Capital Access Program (OCAP) On March 11, 2021, President Biden signed The American Rescue Plan Act, which reauthorized and funded the State Small Business Credit Initiative (SSBCI). Ohio initially will receive $52.4 million to support socially and economically disadvantaged individuals and very small businesses. 8.3. State Small Business Credit Initiative (SSBCI) was originally created in the Small Business Jobs Act of 2010 to increase availability of credit for small businesses. 4.7. SSBCI - California Infrastructure Economic Development Bank (IBank) The U.S. Treasury has awarded $1.181 billion in SSBCI 2.0 funds to California, divided equally between CPCFA and IBank. Small Business Loan Program. Through SSBCI, Treasury will provide funds to states, the District of Columbia, territories, and . Remarks by Assistant Secretary Elizabeth Rosenberg for Terrorist Financing and Financial Crimes at the Association of Women in International Trade. New York State Small Business Revolving Loan Fund Round 2. 2021 State Small Business Credit Initiative Application Portal Open The best browsers to use are Microsoft Edge, Google Chrome or an updated version of Safari. A list of approved economic development organizations will be posted once funding has been allocated to each organization. Does anyone understand where we're at with this program or have any other insights? Please reference the website at Treasury.gov/SSBCI for more information. Congress appropriated $1.5 billion to the Initiative. During this time, approximately 69 percent of the funding supported . 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 https://home.treasury.gov/policy-issues/small-business-programs/state-smallbusiness-credit-initiative-ssbci. 7.1. What are the eligible uses for these funds? Remarks by Under Secretary for Domestic Finance Nellie Liang During Workshop on Next Steps to the Future of Money and Payments, Remarks by Secretary of the Treasury Janet L. Yellen at Bilateral Meeting with Prime Minister of Ukraine Denys Shmyhal, RT @TreasuryDepSec: At our roundtable with @BlkEconAlliance today, @SBAIsabel @RepNikema and I heard from business leaders about ways the f, RT @TreasuryDepSec: I'm in Atlanta this week with @SBAIsabel and @DepSecTodman to highlight some of the historic investments @USTreasury @S, Form 941, employer's quarterly federal tax return, State Small Business Credit Initiative (SSBCI), Enrolled Loan and Leverage Ratio Tables User Guide, Special Inspector General, Troubled Asset Relief Program (SIGTARP), Administrative Resource Center (ARC)- Bureau of the Fiscal Service. The capital program application portal was launched on 11/22/2021 and the technical assistance grant program application portal was launched on 8/1/2022. Five new programs to be offered through the State Small Business Credit Initiative (SSBCI) OLYMPIA, WA - Washington state has been awarded $163.4 million from the U.S. Treasury Department to operate five capital access programs for small businesses. 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. 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. Additionally, businesses in low- and moderate-income communities were also beneficiaries of the program. First, verify that your name and initials are correct. Per the agreement, the oversight with the U.S. Treasury expired on March 31, 2017. (404) 679-4840, Providing resources, tools, and technical assistance to cities, counties, and local authorities to help strengthen communities, Connecting communities to funding sources to help build capacity and encourage economic development while honoring the communitys past through historic preservation, Helping communities meet housing needs and connecting people with housing assistance, 2018 Georgia Department of Community Affairs. 6.3. debt program, and AssistTN, the technical assistance components. State Small Business Credit Initiative (SSBCI) - Georgia What does the Change to UEI Number mean for Recipients? In turn, states were able to adapt to existing economic conditions in their region and disperse the funds accordingly. Also please make sure you are using a supported browser. The result was 190,000 jobs that were created or retained because of the support. My entity does not have a UEI number. Information about the UEI transition can be found by accessing GSA.gov and searching on Unique Entity Identifier Update. 8.1. 1. Documents and resources from the 2010 SSBCI which operated from 2011-2017 will be revised for the 2021 round of SSBCI. Tennessee's SSBCI 2.0 program, calledFund Tennessee, is comprised of InvestTN, the equity component, LendTN, thedebt program, and AssistTN, the technical assistance components. 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. ID.me is asking for my personal information, but Im trying to apply on behalf of my entity. Business Pandemic Recovery Initiative | Empire State Development Initial payments will occur sometime after the application is fully reviewed and approved and an allocation agreement is signed. Businesses will apply for funding through their local economic development organization. State Small Business Credit Initiative | NC Rural Center New SAM.gov registrants will be assigned a UEI number as part of their SAM registration. How do I report them? Overview - Indiana Indicate if you want to select a preformatted signature style or if you will draw your signature. What is the last day I can apply for the Technical Assistance Grant Program? The $10 billion will be distributed in the following manner: States can then use the following small business financing programs to disperse the SSBCI funds: Also known as SSBCI 2.0, the second iteration of this program maintains the initial goals of the 2010 version. The State Small Business Credit Initiative - Federal Reserve Bank of St Im having issues with my SAM.gov account. It was funded at $1.5 billion and implemented by Treasury and states and territories from 2011 through 2017. Eligible Entities include States, the District of Columbia, Territories, and Tribal Governments. Community Development Financial Institutions engaged in small business lending in Georgia. Get more information at the U.S. Department of the Treasury State Small Business Credit Initiative Capital Program Policy Guidelines SSBCI program guidelines. We're here to help New York State's small businesses reimagine, rebuild and renew. The large increase to $10 billion is due to the success of the program, which is considered one of the more successful mechanisms for delivering capital from a federal source. Pennsylvania State Small Business Credit Initiative (PA-SSBCI)