Program Profile – Collateral Support Program
The SSBCI Collateral Support Program model is one of the OCSP (Other Credit Support Program)
The SSBCI Collateral Support Program model is one of the OCSP (Other Credit Support Program)
The SSBCI Capital Access Program (CAP) model is one of the capital funding options that
U.S. Department of the TreasuryState Small Business Credit InitiativeTechnical Assistance Grant Program GuidelinesApril 28, 2022
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.
Treasury Announces Plans to Deploy $300 Million in Technical Assistance to Underserved Entrepreneurs and Very Small Businesses through the State Small Business Credit Initiative
The Secretary of the Treasury is issuing this interim final rule to institute the reporting requirements
related to demographics of those who own or control small businesses that receive a loan, investment, other credit
or equity support, or technical assistance under the State Small Business Credit Initiative under the
American Rescue Plan Act of 2021.
US Treasury Department official SSBCI Fact Sheet Document provides general overview and summary information related to the State Small Business Credit Initiative Program (SSBCI).
[Official Press Release] Treasury Approves Nine Additional State Plans to Support Underserved Entrepreneurs and Small Business Growth Through the State Small Business Credit Initiative.
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