Apply now Overview: Under the Consolidated Appropriations Act of 2021, $50 million was provided to the United States Department of Agriculture (USDA), Agriculture Marketing Service (AMS) for the Seafood Processors Pandemic Response and Safety (SPRS) Block Grant Program. This initiative was originally created in 2009 under the Obama Administration. Through SSBCI 2.0, Treasury will provide funds to states, the District of Columbia, territories, and Tribal governments . The U.S. Department of the Treasury has launched the 2021 State Small Business Credit Initiative (SSBCI) portal. The maximum amount of the credit guaranty is $200,000. The first time you click a SIGN or INITIAL field, you are asked to adopt a signature and initials. 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) Remarks by Assistant Secretary Elizabeth Rosenberg for Terrorist Financing and Financial Crimes at the Association of Women in International Trade. The new funding will be used to launch an updated version of the state's highly successful Small Business Credit Initiative (SSBCI) program . Indicate if you want to select a preformatted signature style or if you will draw your signature. Once there, you can click on Create an ID.me account and follow the instructions. For the Capital Program, Quarterly and Annual Reporting will be required for Recipients of SSBCI funding. Applications will be accepted between July 18, 2022 through August 19, 2022. 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). 3.11. State Small Business Credit Initiative SSBCI Self-Service Resources SSBCI Self-Service Resources View complete set of self-service resources. An example of data being processed may be a unique identifier stored in a cookie. 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. Technical Assistance to very small businesses and businesses owned and controlled by Socially and Economically Disadvantaged Individuals (SEDI) owned businesses applying for SSBCI and other government programs. What is ID.me? When approved a business can generally use the funds for: This can vary by state, so make sure to check. All Entities can obtain a Unique Entity Identifier (UEI) number on the Sam.gov website and register for an account if needed: 4.4. Look for the Register Your Entity or Get a Unique Entity ID section on the page then click Learn Mo. As part of the American Rescue Plan Act of 2021, the Oklahoma Center for the Advancement of Science and Technology (OCAST) will receive up to $81.6 million in State Small Business Credit Initiative (SSBCI) funding to provide more access to capital for startups and small businesses in Oklahoma. March 31, 2023- Applications for SSBCI technical assistance funding from Tribal governments are due (application materials). Why do I need to use ID.me? What do I do? Small Business Credit Initiative Launches in Nevada. Technical Assistance for small businesses will be implemented by technical service providers after U.S. Treasury completes the application and award process. The Treasury Portal supports most modern browsers including Microsoft Edge, Google Chrome, and an updated version of Safari. We and our partners use cookies to Store and/or access information on a device. If you are registered in SAM.gov, your UEI number has already been assigned and is viewable in your SAM.gov account. For more information on submitting reports for the Capital Program, please access the program website at Treasury.gov/SSBCI, scroll down to the Program Rules and Materials section then click on Capital Program Reporting Guidance. For more information, please visit theU.S. Department of the Treasuryswebsite. This document also contains the preliminary allocation methodology summary for Tribal governments. Please check your junk email, confirm your email address with the sender and select to trust all emails from DocuSign. 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. After performance targets are . What steps do I need to complete in ID.me? Maine's Path to Recovery The $4.5 billion investment in Maine from the American Rescue Plan (ARP) is an unprecedented opportunity to support recovery from the COVID-19 pandemic, to improve the lives and livelihoods of Maine people, to make investments in solving Maine's long-term challenges, to develop strategies for new opportunities, and to strengthen our state for years to come. Minnesota has been approved by the U. S. Department of the Treasury for up to $97 million for small business financing support. 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. Home ->> CPCFA ->> State Small Business Credit Initiative, Please send program inquiries to ssbci@treasurer.ca.gov. 2021 State Small Business Credit Initiative (SSBCI) Application Material Documents and resources for the 2021 SSBCI program. The Ohio Capital Access Program (OCAP) is a loan portfolio insurance program, similar to a loan guarantee, that enables small businesses to obtain credit to help them grow and expand their businesses. For the lenders there is a lower risk of loss, thus allowing them to approve loans they would ordinarily decline. Addresses inequitable capital access by bridging the financing gaps facing new companies, under-banked communities and small businesses. STEM-based companies can receive up to $100,000 for eligible expenses, and other businesses can get up to $50,000. What is the last day I can apply for the Technical Assistance Grant Program? Phone: (615) 741-1888 PROGRAM OVERVIEW INTRO PAGE 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). SSBCI 1.0 was passed in 2010 and ran from 2011 to 2017. What do I do? If the Finish button is not appearing, it is due to one or more incomplete required fields. Their website is fsd.gov and you can also call them at 866-606-8220 from 8am - 8pm EST. State Small Business Credit Initiative (SSBCI) The RFP for the SSBCI Venture Capital Programs has been put on hold temporarily while we review potential changes to the RFP. On March 11, 2021, President Biden signed The American Rescue Plan Act, which reauthorized and funded the State Small Business Credit Initiative (SSBCI). The Act created the Small Business Lending Fund (SBLF) program administered by the Department of the Treasury (Treasury) to make capital investments in eligible institutions to increase the availability of credit for small businesses. 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. How long will it take me to register with ID.me? And find a statewide network of centers staffed by people who can walk you through how to apply. 4.6. 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. Congress appropriated $1.5 billion to the Initiative. Apply for SSBCI through Social Impact Funds Apply for SSBCI through Seed Funds Apply for SSBCI through Venture Funds TEDCO's Venture Capital Limited Partner (VCLP) Program - Interest Form: Emerging fund managers interested in applying to the program, should complete the interest form by 5:00pm ET on Monday, January 9, 2023. For overall information about the program, including information on requesting funding, please see, For general questions about SSBCI, please email. 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. You will need to provide all of the information listed in the Treasury Portal at Portal.Treasury.gov/cares. SAM validates information and electronically shares the secure and encrypted data with the federal agencies' Finance Offices to facilitate paperless payments through Electronic Funds Transfer (EFT). 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.
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