The first recipients under the SSBCI program plan to target key industries and small businesses in need of access to capital. Treasury intends to continue approving plans on a rolling basis. The following descriptions highlight some of the programs that Treasury has approved for these states.
Capital Funding Allocation (Total): $97,943,015
Capital Funding Allocation Status: PENDING
Technical Assistance Grant (Total): $3,139,321
Technical Assistance Grant Status: PENDING
The SSBCI Funding for Alabama is pending, Funding Summary is listed below:
Total Capital Allocation is: $97,943,015
Potential Additional Incentive is: $14,507,422
Technical Assistance Grant is: $3,139,321
Capital Funding Allocation (Total): $97,943,015
Capital Funding Allocation Status: PENDING
Technical Assistance Grant (Total): $3,139,321
Technical Assistance Grant Status: PENDING
Main Capital Allocation Employment-Based Section 3003(b)
VSB Allocation Very Small Business Section 3003(f)
SEDI Allocation Section 3003(f)
Incentive Funding Initial Eligible Amount Section 3003(e)
Total Potential Funding Amount
$52,092,000
$4,142,176
$27,201,417
$14,507,422
$97,943,015
The SSBCI Funding for Alabama is pending, Funding Summary is listed below:
Total Capital Allocation is $97,943,015
Technical Assistance Grant is $3,139,321
