SSBCI State Funded Programs

SSBCI Related State Legislation: Territories and tribal governments

ALABAMA

MORE HELP IS ON THE WAY FOR ALABAMA SMALL BUSINESSES

News/Media Article – Alabama

On February 11th, the Alabama Department of Finance applied to the US Treasury Department for Alabama’s portion of SSBCI funding. The State of Alabama was so serious about getting its share of SSBCI funds and using this program as a shot in the arm to our state’s economy that our leaders went a step further than was required. The application outlined how we plan to use the money and even included legislation that was crafted to ensure the success of the program.

Published By: Business Council of Alabama

Published Date: March 24, 2022

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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

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