R-U SSBCI State Funded Programs

R-U SSBCI State Funded Programs

RHODE ISLAND

Capital Funding Allocation (Total): $61,726,320

Capital Funding Allocation Status: PENDING

Technical Assistance Grant (Total): $773,623

Technical Assistance Grant Status: PENDING

SOUTH DAKOTA

Capital Funding Allocation (Total): $60,010,454

Capital Funding Allocation Status: APPROVED

Technical Assistance Grant (Total): $661,542

Technical Assistance Grant Status: PENDING

TEXAS

Capital Funding Allocation (Total): $472,094,133

Capital Funding Allocation Status: PENDING

Technical Assistance Grant (Total): $14,236,704

Technical Assistance Grant Status: PENDING

SOUTH CAROLINA

Capital Funding Allocation (Total): $101,342,659

Capital Funding Allocation Status: APPROVED

Technical Assistance Grant (Total): $3,102,893

Technical Assistance Grant Status: PENDING

TENNESSEE

Capital Funding Allocation (Total): $116,929,549

Capital Funding Allocation Status: PENDING

Technical Assistance Grant (Total): $3,848,992

Technical Assistance Grant Status: PENDING

UTAH

Capital Funding Allocation (Total): $69,006,000

Capital Funding Allocation Status: PENDING

Technical Assistance Grant (Total): $1,249,137

Technical Assistance Grant Status: PENDING

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RHODE ISLAND

Capital Funding Allocation (Total): $61,726,320

Capital Funding Allocation Status: PENDING

Technical Assistance Grant (Total): $773,623

Technical Assistance Grant Status: PENDING

SSBCI Programs

RHODE ISLAND Funded State Programs Summary

Pending for  $61,726,320 Capital Funding Allocation and $773,623 Technical Assistance Grant

SOUTH DAKOTA

Capital Funding Allocation (Total): $60,010,454

Capital Funding Allocation Status: APPROVED

Technical Assistance Grant (Total): $661,542

Technical Assistance Grant Status: PENDING

SSBCI Programs

SOUTH DAKOTA Funded State Programs Summary

Approved for up to $60.0 million, will operate one loan participation program, to which it has allocated its entire $60 million allocation, to provide companion loans to financing provided by financial institutions such as banks and CDFIs. The program expands access to capital for underserved communities by using data to identify underserved markets and relying on partners to conduct outreach and raise awareness.

TEXAS

Capital Funding Allocation (Total): $472,094,133

Capital Funding Allocation Status: PENDING

Technical Assistance Grant (Total): $14,236,704

Technical Assistance Grant Status: PENDING

SSBCI Programs

TEXAS Funded State Programs Summary

Pending for  $472,094,133 Capital Funding Allocation and $14,236,704 Technical Assistance Grant

SOUTH CAROLINA

Capital Funding Allocation (Total): $101,342,659

Capital Funding Allocation Status: APPROVED

Technical Assistance Grant (Total): $3,102,893

Technical Assistance Grant Status: PENDING

SSBCI Programs

SOUTH CAROLINA Funded State Programs Summary

Approved for up to $101.3 million, will operate a loan participation program to which it has allocated $50 million and a venture capital program to which it has allocated $51 million. The loan participation program will expand access to capital for underserved communities by earmarking 20% of the allocation to loan participations through CDFIs operating in South Carolina. The venture capital program will expand access to capital for underserved communities by leveraging relationships with partner organizations to identify small businesses in underserved communities and investing in venture capital funds that target underserved businesses and rural areas of SC

TENNESSEE

Capital Funding Allocation (Total): $116,929,549

Capital Funding Allocation Status: PENDING

Technical Assistance Grant (Total): $3,848,992

Technical Assistance Grant Status: PENDING

SSBCI Programs

TENNESSEE Funded State Programs Summary

Pending for  $116,929,549 Capital Funding Allocation and $3,848,992 Technical Assistance Grant

UTAH

Capital Funding Allocation (Total): $69,006,000

Capital Funding Allocation Status: PENDING

Technical Assistance Grant (Total): $1,249,137

Technical Assistance Grant Status: PENDING

SSBCI Programs

UTAH Funded State Programs Summary

Pending for $69,006,000 Capital Funding Allocation and $1,249,137 Technical Assistance Grant

Alabama

Capital Funding Allocation (Total): $97,943,015

Capital Funding Allocation Status: PENDING

Technical Assistance Grant (Total): $3,139,321

Technical Assistance Grant Status: PENDING

SSBCI Programs

ALABAMA SSBCI Funding Details

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

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Alabama

Capital Funding Allocation (Total): $97,943,015

Capital Funding Allocation Status: PENDING

Technical Assistance Grant (Total): $3,139,321

Technical Assistance Grant Status: PENDING

SSBCI Programs

ALABAMA SSBCI Funding Details

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

 

ALABAMA Funded State Programs Summary

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