U.S. Department of the Treasury, State Small Business Credit Initiative: "SSBCI Program Fact Sheet (June 2023)"
Summary
The SSBCI Program Fact Sheet from the U.S. Department of the Treasury, dated June 2023, describes the State Small Business Credit Initiative as a nearly $10 billion program reauthorized and expanded by the American Rescue Plan. SSBCI includes two programs: the Capital Program, through which participating jurisdictions run credit and equity/venture capital programs, and the Technical Assistance (TA) Grant Program. As of June 2023, Treasury has approved applications for capital programs representing over $8 billion in potential funding and received applications corresponding to over 280 Tribal governments and over $580 million. Treasury allocated $200 million for the TA Grant Program and transferred $100 million to the Minority Business Development Agency. Appendix A lists state and territory capital programs with amounts requested.
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State Small Business
Credit Initiative
˜°˛˝˙ˆˇ˘˘˝˙
˘˙
State Small Business Credit Initiative
Program Overview
Reauthorized and expanded by President Biden’s American Rescue Plan, the State Small Business Credit
Initiative (SSBCI) is a nearly $10 billion program to support small businesses and entrepreneurship in
communities across the United States by providing capital and technical assistance to promote small business
stability, growth, and success. SSBCI will provide funding to states, the District of Columbia, territories, and
Tribal governments (collectively, participating jurisdictions) for programs that catalyze lending and investing in
small businesses, build ecosystems of opportunity and entrepreneurship, and create high-quality jobs.
SSBCI is designed to catalyze private capital in the form of loans to and investments in small businesses,
especially in historically underserved communities and among entrepreneurs who may have otherwise lacked
the support needed to pursue their business ambitions. SSBCI support can be transformative in a range of
industries, including small manufacturing, supply chain, and other sectors promoting key national priorities.
Businesses, lenders, and investors can learn more about how to participate in these programs by referencing
their jurisdiction’s programs at http://www.treasury.gov/ssbci/programs.
Program Design
SSBCI includes two programs: the Capital Program and the Technical Assistance (TA) Grant Program. Under the
Capital Program, participating jurisdictions implement credit and equity/venture capital programs to provide
capital to small businesses. Under the TA Grant Program, Treasury supports programs that provide legal,
accounting, or financial advisory services to qualifying small businesses.
Jurisdictions designed their SSBCI Capital Programs to support some combination of the credit and/or equity/
venture capital programs below.
• Capital Access Programs provide portfolio insurance in the form of a loan loss reserve fund into which the
lender and borrower contribute.
• Collateral Support Programs provide cash collateral to improve small business’ ability to borrow funds to
grow a business.
• Loan Guarantee Programs support private loans that may have otherwise been inaccessible or prohibitively
expensive by agreeing to reduce the lender’s exposure on a loan.
• Loan Participation Programs provide credit support through the purchase of a portion of a loan made by a
lender or through a direct loan alongside a private lender.
• Equity/Venture Capital Programs provide capital in the form of equity investments to underserved startups
and investors.
U.S. DEPARTMENT OF THE TREASURY 1
STATE SMALL BUSINESS CREDIT INITIATIVE
Implementation Status
SSBCI Capital Program
States, the District of Columbia, and territories have proposed over 130 credit support programs and over
70 equity/venture capital programs. As of June 2023, Treasury has approved applications for capital programs
representing over $8 billion in potential funding. Treasury received applications corresponding to over 280
Tribal governments and over $580 million in funding. This represents the largest and most expansive one-time
federal investment in Tribal governments for small business financing.
SSBCI Technical Assistance Program
In addition, Treasury allocated $200 million by formula to states, the District of Columbia, territories, and
Tribal governments for the TA Grant Program. Fify-one of 56 jurisdictions (states, territories, and D.C.) applied
and proposed programs ranging from $450,000 to $25 million; Tribal government applications are due in July
2023. Treasury also transferred $100 million to the Minority Business Development Agency (MBDA) to support
the Capital Readiness grant program, which targets incubators and accelerators that provide services to
underserved businesses.
SSBCI Capital Program Spotlight
Jurisdictions develop credit support and investment programs that align with their local economic
development challenges and goals. These examples demonstrate how jurisdictions use SSBCI to meet the
unique financing needs of small businesses in their target markets.
Advancing the Competitiveness of Manufacturers in Minnesota: Minnesota’s Department of
Employment and Economic Development (DEED) is implementing an Automation Loan Participation
Program (ALPP) through SSBCI. The program ofers a companion loan to private financing provided by a
lender to purchase machinery, equipment, and sofware designed to increase manufacturing eficiencies.
The program complements an existing state program that funds training for workers to operate new
automation equipment. Minnesota expects the ALPP to increase the number of re-shored manufacturing
operations and allow companies to move some outsourced activities in-house.
Engaging Underserved Business Owners in Utah: Utah’s Governor’s Ofice of Economic Opportunity
(“Go Utah”) developed SSBCI programs focused on filling capital needs for small businesses that are
historically underserved. Utah operates several credit support programs including a Capital Access
Program that is anticipated to provide micro-loans to underserved small businesses that may have
a limited credit history or face collateral shortfalls, while the Loan Participation Program partners
with community development financial institutions to provide slightly larger loans to support small
businesses that may not be fully integrated into the conventional market.
Reaching Rural Businesses in Montana: The Montana Department of Commerce operates a loan
participation program through the Business MT Division with a goal of enabling businesses statewide to
access the programs. The Business MT Division developed a network of lenders across the state including
Community Development Financial Institutions and local revolving loan funds.
2 U.S. DEPARTMENT OF THE TREASURY
STATE SMALL BUSINESS CREDIT INITIATIVE
Growing the Innovation Ecosystem in Rural Vermont: Vermont is implementing a venture capital
program to invest in start-ups across the state, with a focus on growing the innovation ecosystem outside
Vermont’s more populous hubs. Areas of concentration include renewable energy, innovative agriculture
solutions, advanced manufacturing, and healthcare companies.
Enabling Diverse Venture Capital Managers in Pennsylvania: In October 2022, Pennsylvania
announced their first commitment of SSBCI funds on behalf of their venture capital program. The
program is focused on supporting venture capital funds led by diverse individuals who, in turn, target
underserved entrepreneurs. The initial $4.5 million was awarded to two funds.
SSBCI Transaction Spotlights
Supporting non-profits in California: Farming Hope, a non-profit that provides
culinary job training to formerly incarcerated and unhoused individuals in San
Francisco, received a $50,000 bridge loan from REDF, a California-based CDFI. The
California Small Business Guarantee Program operated by the California IBank
provided an 80 percent guarantee to enable the transaction.
Providing working capital for manufacturers in Michigan: Global Retool Group
America is a manufacturer of automation equipment and assembly lines for use
by a variety of industries, located in Brighton, Michigan. The company retools,
retrofits, and overhauls of machinery worldwide. Citizens Bank provided the
company its first working capital line of credit, a $7 million facility enabled by the
Michigan Strategic Fund’s collateral support program.
Expanding access to equity financing in Kansas: WorkTorch is a Wichita-
based, service industry career platform founded by sisters Deborah Gladney and
Angela Muhwezi-Hall. Network Kansas and the Kansas Department of Commerce,
through the GROWKS Loan Fund and Equity Programs invested SSBCI funds
in WorkTorch alongside $2.2 million in private financing.
Enabling green innovation in Massachusetts: Aeroshield, a woman-
led company, is manufacturing advanced materials in Hyde Park for more energy-
eficient windows. MassVentures invested SSBCI funds to the company to expand
its manufacturing capabilities, grow its team, and accelerate product development
& partnerships to bring the first AeroShield-insulated window products to
market. SSBCI funds were part of an overall $4M round.
Helping rural communities thrive in New Hampshire: Montshire Farms, a 5th
generation New Hampshire farm purchased a meat processing facility with the
help of a $2.6 million loan from a community bank supported by New Hampshire’s
loan participation program. The loan not only provided much-needed capital
for Montshire Farms to purchase the facility and expand operations but was
instrumental in keeping the local farming community healthy and thriving by
providing a local option for meat processing.
U.S. DEPARTMENT OF THE TREASURY 3
STATE SMALL BUSINESS CREDIT INITIATIVE
Appendix A: State and Territory SSBCI Capital Programs
Applicant Implementing Name of Program Program Type Administering Amount Contact
Name Entity Name Overview Entities Requested
Alabama* Alabama Department of TBD Equity Capital Alabama Innovation jordan.howard@
Corporation
Finance Program (Funds) fnance.alabama.gov
Alabama* Alabama Department of TBD Equity Capital Alabama Innovation jordan.howard@
Corporation
Finance Program (Funds) fnance.alabama.gov
Alaska State of Alaska, University Alaska Equity Program Equity Capital State of Alaska, University $10,000,000 erin.baca@aksbdc.org
of Alaska Small Business
of Alaska Small Business Program (Funds) Development Center
Development Center (Implementing)
Alaska State of Alaska, University Alaska Loan Participation Loan Participation State of Alaska, University $15,905,891 jim.harty@aksbdc.org
of Alaska Small Business
of Alaska Small Business Program Program Development Center
Development Center (Implementing)
Alaska State of Alaska, University Alaska Loan Guarantee Loan Guarantee State of Alaska, University $32,000,000 jim.harty@aksbdc.org
of Alaska Small Business
of Alaska Small Business Program Program Development Center
Development Center (Implementing)
Alaska State of Alaska, University Alaska Collateral Fund Collateral Support State of Alaska, University $2,000,000 jim.harty@aksbdc.org
of Alaska Small Business
of Alaska Small Business Program Program Development Center
Development Center (Implementing)
Arizona Arizona Commerce Arizona Loan Guarantee Loan Guarantee Arizona Commerce Authority $24,031,354 AZSSBCI@
(Implementing)
Authority Program Program azcommerce.com
Arizona Arizona Commerce Arizona Multi-Fund Equity Capital Arizona Venture $50,000,000 AZSSBCI@
Development Corporation
Authority Venture Program Program (Funds) (Contracted)
azcommerce.com
Arizona Arizona Commerce Arizona Venture Co-Invest Equity Capital Arizona Venture $37,000,000 AZSSBCI@
Development Corporation
Authority Program Program (Direct) (Contracted)
azcommerce.com
Arkansas Arkansas Development ADFA Bond Guaranty/ Loan Participation Arkansas Development $7,500,000 Charles.Cathey@
Finance Authority
Finance Authority CDFI Loan Participation Program (Implementing)
arkansas.gov
Program
Arkansas Arkansas Development Arkansas Capital Access CAP Arkansas Development $621,691 Charles.Cathey@
Finance Authority
Finance Authority Program (Implementing)
arkansas.gov
Arkansas Arkansas Development Arkansas Venture Equity Capital Arkansas Development $20,000,000 Charles.Cathey@
Finance Authority
Finance Authority Development Fund Program (Funds) (Implementing)
arkansas.gov
Arkansas Arkansas Development Arkansas Venture Capital Equity Capital Arkansas Development $26,000,000 Charles.Cathey@
Finance Authority
Finance Authority Development Fund Program (Direct) (Implementing)
arkansas.gov
Arkansas Arkansas Development ADFA Bond Guaranty/ Loan Participation Arkansas Development $7,500,000 Charles.Cathey@
Finance Authority
Finance Authority Loan Participation Program (Implementing)
arkansas.gov
Program
Arkansas Arkansas Development ADFA DBE MWOBE - Loan Loan Guarantee Arkansas Development $15,000,000 Charles.Cathey@
Finance Authority
Finance Authority Mobilization Revolving Program (Implementing)
arkansas.gov
Fund
Arkansas Arkansas Development ADFA Small Business Loan Guarantee Arkansas Development $5,000,000 Charles.Cathey@
Finance Authority
Finance Authority Revolving Loan Guaranty Program (Implementing)
arkansas.gov
Program
4 U.S. DEPARTMENT OF THE TREASURY
STATE SMALL BUSINESS CREDIT INITIATIVE
Applicant Implementing Name of Program Program Type Administering Amount Contact
Name Entity Name Overview Entities Requested
California California Infrastructure and Collateral Support Pro- Collateral Support California Pollution Control $472,799,045 CalCAP@
Financing Authority (Con-
Economic Development gram (CSP) Program tracted)
Treasurer.ca.gov
Bank
California California Infrastructure and Small Business Loan Loan Guarantee California Infrastructure $390,998,806 SSBCI@IBank.ca.gov
and Economic Development
Economic Development Guarantee Program Program Bank (Implementing)
Bank (SBLGP)
California California Infrastructure Inclusive California Other California Infrastructure $100,000,000 SSBCI@IBank.ca.gov
and Economic Development
and Economic Initiative Bank (Implementing)
Development Bank
California California Infrastructure Emerging California Other California Infrastructure $50,000,000 SSBCI@IBank.ca.gov
and Economic Development
and Economic Initiative Bank (Implementing)
Development Bank
California California Infrastructure California Co-investment Other California Infrastructure $50,000,000 SSBCI@IBank.ca.gov
and Economic Development
and Economic Initiative Bank (Implementing)
Development Bank
California California Infrastructure California Capital Access CAP California Pollution Control $118,199,762 CalCAP@
Financing Authority
and Economic Program (CalCAP) (Contracted)
Treasurer.ca.gov
Development Bank
Colorado Colorado Economic Cash Collateral Support Collateral Support Colorado Housing $35,000,000 sboice@chfainfo.com
and Finance Authority
Development Commission Program (Contracted)
(CEDC) within the Offce
of Economic Development
and International Trade
Colorado Colorado Economic Colorado Venture Capital Equity Capital Colorado Venture Capital $59,773,554 sonya.guram@
Authority (Contracted)
Development Commission Authority Program (Funds) state.co.us
(CEDC) within the Offce
of Economic Development
and International Trade
Colorado Colorado Economic CLIMBER Loan Fund Loan Participation Colorado Housing $10,000,000 sboice@chfainfo.com
and Finance Authority
Development Commission Program (Contracted)
(CEDC) within the Offce
of Economic Development
and International Trade
Connecticut State of Connecticut, CT Innovations Equity Equity Capital Connecticut Innovations, $89,414,934 pauline.murphy@
Inc. (Contracted)
Department of Economic Fund Program (Direct) ctinnovations.com
and Community
Development
Connecticut State of Connecticut, CT Venture Debt Fund Other Connecticut Innovations, $30,000,000 pauline.murphy@
Inc. (Contracted)
Department of Economic ctinnovations.com
and Community
Development
Delaware Delaware Division of Small Delaware Capital Access CAP Delaware Division of $3,500,000 regina.mitchell@
Small Business (DSB)
Business (DSB) Program (Implementing)
delaware.gov
Delaware Delaware Division of Small Delaware Strategic Fund Loan Participation Delaware Division of $27,473,103 regina.mitchell@
Small Business (DSB)
Business (DSB) (DSF) Loan Participation Program (Implementing)
delaware.gov
Program
Delaware Delaware Division of Small Delaware Early Stage VC Equity Capital Delaware Division of $22,500,000 regina.mitchell@
Small Business (DSB)
Business (DSB) Program Program (Funds) (Implementing)
delaware.gov
Delaware Delaware Division of Small Delaware Accelerator and Equity Capital Delaware Division of $7,500,000 regina.mitchell@
Small Business (DSB)
Business (DSB) Seed Capital Program Program (Direct) (Implementing)
delaware.gov
U.S. DEPARTMENT OF THE TREASURY 5
STATE SMALL BUSINESS CREDIT INITIATIVE
Applicant Implementing Name of Program Program Type Administering Amount Contact
Name Entity Name Overview Entities Requested
District of Department of Insurance, Collateral Support Collateral Support Department of Insurance, $15,046,000 Aaron.fenwick@
Securities and Banking
Columbia* Securities and Banking Program Program (Implementing)
dc.gov
(DISB)
District of Department of Insurance, Loan Participation Loan Participation Department of Insurance, $20,935,062 Aaron.fenwick@
Securities and Banking
Columbia* Securities and Banking Program Program (Implementing)
dc.gov
(DISB)
District of Department of Insurance, DC Venture Capital Equity Capital Offce of the Deputy Mayor $26,046,000 bizdev@dc.gov
for Planning and Economic
Columbia* Securities and Banking Program Program (Funds) Development (DMPED)
(DISB) (Contracted)
Florida Florida Department of Florida Small Business Collateral Support Florida Department of $250,000,000 SSBCI@DEO.
Economic Opportunity
Economic Opportunity Loan Program - Collateral Program (Implementing),Enterprise
MyFlorida.com
Support Program Florida, Inc.
(Contracted),Florida First
Capital Finance Corporation,
Inc. (Contracted)
Florida Florida Department of Florida Venture Capital Equity Capital Florida Department of $100,000,000 SSBCI@DEO.
Economic Opportunity
Economic Opportunity Program Program (Direct) (Implementing),Enterprise
MyFlorida.com
Florida, Inc. (Contracted)
Florida Florida Department of Florida Small Business Loan Participation Florida Department of $50,000,000 SSBCI@DEO.
Economic Opportunity
Economic Opportunity Loan Program - Loan Program (Implementing),Enterprise
MyFlorida.com
Participation Program Florida, Inc.
(Contracted),Florida First
Capital Finance Corporation,
Inc. (Contracted)
Florida Florida Department of Florida Small Business Loan Guarantee Florida Department of $50,000,000 SSBCI@DEO.
Economic Opportunity
Economic Opportunity Loan Program - Loan Program (Implementing),Enterprise
MyFlorida.com
Guarantee Program Florida, Inc. (Contracted),
Florida First Capital
Finance Corporation, Inc.
(Contracted)
Florida Florida Department of Florida Capital Access CAP Florida Department of $38,486,572 SSBCI@DEO.
Economic Opportunity
Economic Opportunity Program (Implementing)
MyFlorida.com
Georgia Georgia Department of Georgia Loan Loan Participation Georgia Department $70,000,000 SSBCI.Manager@dca.
of Community Affairs
Community Affairs Participation Program Program (Implementing)
ga.gov
Georgia Georgia Department of Georgia Small Business Loan Guarantee Georgia Department $19,616,860 SSBCI.Manager@dca.
of Community Affairs
Community Affairs Credit Guarantee Program (Implementing)
ga.gov
Program
Georgia Georgia Department of Georgia Venture Capital Equity Capital Invest Georgia (Contracted) $30,000,000 SSBCI.Manager@dca.
Community Affairs Program Program (Funds) ga.gov
Georgia Georgia Department of Georgia Equity Direct Equity Capital Invest Georgia (Contracted) $20,000,000 SSBCI.Manager@dca.
Community Affairs Program Program (Direct) ga.gov
Georgia Georgia Department of Georgia CDFI Program Loan Participation Georgia Department $60,000,000 SSBCI.Manager@dca.
of Community Affairs
Community Affairs Program (Implementing)
ga.gov
Hawaii Hawaii Technology HI-CAP Loans Loan Participation Hawaii Green Infrastructure $15,500,000 info@htdc.org
Authority (Contracted)
Development Corporation Program
Hawaii Hawaii Technology HI-CAP Collateral Collateral Support Hawaii Green Infrastructure $20,521,957 info@htdc.org
Authority (Contracted)
Development Corporation Program
6 U.S. DEPARTMENT OF THE TREASURY
STATE SMALL BUSINESS CREDIT INITIATIVE
Applicant Implementing Name of Program Program Type Administering Amount Contact
Name Entity Name Overview Entities Requested
Hawaii Hawaii Technology Devel- HI-CAP Invest Equity Capital Hawaii Technology $21,000,000 info@htdc.org
Development Corporation
opment Corporation Program (Funds) (Implementing)
Hawaii Hawaii Technology HI-CAP CDFI Loan Pool Loan Participation Hawaii Green Infrastructure $5,000,000 info@htdc.org
Authority (Contracted)
Development Corporation Program (HI-CAP CDFI) Program
Idaho The State of Idaho Idaho Small Business Loan Participation Region IV Development $26,000,000 david.fulkerson@
Association, Inc.
Executive Offce of the Revolving Loan Fund Program (Contracted),Clearwater
dfm.idaho.gov
Governor- Division of Economic Development
Financial Management Association, Inc.
(Contracted),Southeast
Idaho Council of
Governments, Inc.
(Contracted),Panhandle
Area Council, Inc.
(Contracted),East Central
Idaho Planning and
Develoment Association, Inc.
(Contracted)
Idaho The State of Idaho Idaho Collateral Support Collateral Support Idaho Housing and Finance $39,677,548 coryp@ihfa.org
Association (Contracted)
Executive Offce of the Program Program
Governor- Division of
Financial Management
Illinois Illinois Department of Advantage Illinois LPP Loan Participation Illinois Department of $105,000,000 CEO.Advantage.
Commerce and Economic
Commerce and Economic Program Opportunity (DCEO)
Illinois@illinois.gov
Opportunity (DCEO) (Implementing)
Illinois Illinois Department of Advantage Illinois LGP Loan Guarantee Illinois Department of $114,813,285 CEO.Advantage.
Commerce and Economic
Commerce and Economic Program Opportunity (DCEO)
Illinois@illinois.gov
Opportunity (DCEO) (Implementing)
Illinois Illinois Department of Climate Bank Finance Loan Participation Illinois Finance Authority $20,000,000 SSBCI@il-fa.com
(Contracted)
Commerce and Economic Program
Opportunity (DCEO)
Illinois Illinois Department of IN-VENT Equity Capital Illinois Department of $114,813,285 CEO.Invent@
Commerce and Economic
Commerce and Economic Program (Direct) Opportunity (DCEO)
illinois.gov
Opportunity (DCEO) (Implementing)
Indiana Indiana Economic Indiana Twenty-First Equity Capital Elevate Ventures Inc $70,351,021 plodato@
(Contracted),Indiana
Development Corp (IEDC) Century Research and Program (Direct) Economic Development
elevateventures.com
Technology Fund (21 Corp (IEDC) (Implementing)
Fund) - Indiana Angel
Network Fund (IANF)
Indiana Indiana Economic Indiana Twenty-First Loan Participation Indiana Economic $28,736,704 mtuohy@iedc.in.gov
Development Corp (IEDC)
Development Corp (IEDC) Century Research and Program (Implementing)
Technology Fund (21
Fund) – Fund Investment
Program (FIP)
Iowa Iowa Economic Targeted Small Business Collateral Support Iowa Economic $15,102,644 tsbloan@
Development Authority
Development Authority Collateral Support Program (Implementing)
iowaeda.com
Program
Iowa Iowa Economic Venture Capital Co- Equity Capital BioConnect Iowa $31,000,000 steve.brody@
(Contracted)
Development Authority Investment Fund Program (Direct) bioconnectiowa.org
U.S. DEPARTMENT OF THE TREASURY 7
STATE SMALL BUSINESS CREDIT INITIATIVE
Applicant Implementing Name of Program Program Type Administering Amount Contact
Name Entity Name Overview Entities Requested
Iowa Iowa Economic Manufacturing 4.0 Loan Loan Participation Iowa Economic $28,000,000 info@iowamfg.com
Development Authority
Development Authority Participation Program Program (Implementing)
Iowa Iowa Economic IEDA Innovation Other Iowa Economic $22,000,000 innovation@
Development Authority
Development Authority Continuum (Implementing)
iowaeda.com
Kansas Kansas Department of GROWKS Loan Fund Loan Participation Network Kansas $41,758,108 Info@
(Contracted)
Commerce Program networkkansas.com
Kansas Kansas Department of GROWKS Angel Capital Equity Capital Network Kansas $16,838,739 Info@
(Contracted)
Commerce Support Program Program (Direct) networkkansas.com
Kansas Kansas Department of GROWKS Community Equity Capital Network Kansas $5,000,000 Info@
(Contracted)
Commerce Angel Support Program Program (Direct) networkkansas.com
Kansas Kansas Department of GROWKS Multi-Fund Equity Capital Network Kansas $6,000,000 Info@
Commerce Equity Program Program (Funds) (Contracted) networkkansas.com
Kentucky Kentucky Cabinet for Kentucky Collateral Collateral Support Kentucky Cabinet for $17,568,382 kylee.palmer@ky.gov
Economic Development
Economic Development Support Program (KYCSP) Program (Implementing)
Kentucky Kentucky Cabinet for Kentucky Venture Capital Equity Capital Kentucky Science and $65,588,632 monique.
Technology Corporation
Economic Development Program (KYVCP) Direct Program (Direct) (Contracted)
quarterman@ky.gov
Kentucky Kentucky Cabinet for Kentucky Venture Capital Equity Capital Kentucky Science and $16,397,158 monique.
Technology Corporation
Economic Development Program (KYVCP) Funds Program (Funds) (Contracted)
quarterman@ky.gov
Kentucky Kentucky Cabinet for Kentucky Loan Loan Participation Kentucky Cabinet for $17,568,377 kylee.palmer@ky.gov
Economic Development
Economic Development Participation Program Program (Implementing)
(KYLPP)
Louisiana Louisiana Economic Louisiana Collateral Collateral Support Louisiana Economic $11,000,000 ledssbci2@la.gov
Development Corporation
Development (LED) Support Program Program (LEDC) (Contracted)
Louisiana Louisiana Economic Louisiana Small Business Loan Guarantee Louisiana Economic $1,500,000 ledssbci2@la.gov
Development Corporation
Development (LED) Loan Guaranty Program Program (LEDC) (Contracted)
Louisiana Louisiana Economic Louisiana Micro Loan Loan Participation Louisiana Economic $9,000,000 ledssbci2@la.gov
Development Corporation
Development (LED) Program Program (LEDC) (Contracted)
Louisiana Louisiana Economic Louisiana Seed Capital Equity Capital Louisiana Economic $31,571,405 ledssbci2@la.gov
Development Corporation
Development (LED) Program Program (Funds) (LEDC) (Contracted)
Louisiana Louisiana Economic Louisiana Venture Capital Equity Capital Louisiana Economic $60,000,000 ledssbci2@la.gov
Development Corporation
Development (LED) Program Program (Funds) (LEDC) (Contracted)
Maine Finance Authority of Maine Regional Economic Loan Participation Finance Authority of Maine $22,232,918 mlindquist@
(Implementing)
Development Revolving Program famemaine.com
Loan & Direct Loan
Program
Maine Finance Authority of Maine CDFI and MVF Equity Capital Finance Authority of Maine $8,000,000 mlindquist@
(Implementing)
Program (Funds) famemaine.com
Maine Finance Authority of Maine Finance Authority of Loan Guarantee Finance Authority of Maine $20,000,000 mlindquist@
(Implementing)
Maine, Commercial Loan Program famemaine.com
Insurance Program
Maine Finance Authority of Maine Maine Venture Fund (MVF) Equity Capital Finance Authority of Maine $12,000,000 mlindquist@
(Implementing)
Program (Direct) famemaine.com
8 U.S. DEPARTMENT OF THE TREASURY
STATE SMALL BUSINESS CREDIT INITIATIVE
Applicant Implementing Name of Program Program Type Administering Amount Contact
Name Entity Name Overview Entities Requested
Maryland Maryland Department of Neighborhood Business Loan Participation Maryland Department $86,404,958 dhcd.ssbci@
of Housing and
Housing and Community Works Loan Participation Program Community Development
maryland.gov
Development (DHCD) (Implementing)
Maryland Maryland Department of MSBDFA Equity Loan Participation Maryland Department $33,000,000 mmgdeal@
of Commerce
Housing and Community Participation Investment Program (Contracted),Meridian
mmgcapitalgroup.
Development Program - Loan Management Group, Inc. com
(Commerce) (Contracted)
Maryland Maryland Department of Venture Equity Fund Equity Capital Maryland TEDCO $13,000,000 investments@
(Contracted)
Housing and Community (TEDCO) Program (Direct) tedco.md
Development
Maryland Maryland Department of Venture Capital Limited Equity Capital Maryland TEDCO $10,000,000 investments@
(Contracted)
Housing and Community Partnership Equity Program (Funds) tedco.md
Development (TEDCO)
Maryland Maryland Department of Social Impact Funds Equity Capital Maryland TEDCO $12,000,000 investments@
(Contracted)
Housing and Community (TEDCO) Program (Direct) tedco.md
Development
Maryland Maryland Department of Seeds Funds Equity Equity Capital Maryland TEDCO $15,000,000 investments@
(Contracted)
Housing and Community (TEDCO) Program (Direct) tedco.md
Development
Maryland Maryland Department of MSBDFA Equity Equity Capital Maryland Department $12,000,000 mmgdeal@
of Commerce
Housing and Community Participation Investment Program (Direct) (Contracted),Meridian
mmgcapitalgroup.
Development Program - Equity Management Group, Inc. com
(Commerce) (Contracted)
Maryland Maryland Department of Neighborhood Business Other Maryland Department $17,000,000 dhcd.ssbci@
of Housing and
Housing and Community Works Venture Debt Community Development
maryland.gov
Development (DHCD) (Implementing)
Massachusetts Executive Offce of Massachusetts Growth Loan Participation Massachusetts Growth $51,500,000 michael.spicer@state.
Capital Corporation
Housing & Economic Capital Corp. Commercial Program (Contracted)
ma.us
Development Lending Program
Massachusetts Executive Offce of Massachusetts Growth Loan Guarantee Massachusetts Growth $25,091,178 michael.spicer@state.
Capital Corporation
Housing & Economic Capital Corp. Community Program (Contracted)
ma.us
Development Loan Fund Guarantee
Program
Massachusetts Executive Offce of MassDevelopment Loan Participation Massachusetts $47,000,000 michael.spicer@state.
Development
Housing & Economic Economically Distressed Program Finance Agency
ma.us
Development Area (EDA) Loan ("MassDevelopment")
Enhancement & (Contracted)
Equipment Program
Massachusetts Executive Offce of MassDevelopment Loan Loan Guarantee Massachusetts $15,000,000 michael.spicer@state.
Development
Housing & Economic Guarantee Program Program Finance Agency
ma.us
Development ("MassDevelopment")
(Contracted)
Massachusetts Executive Offce of MassVentures Deep Tech Equity Capital MassVentures (Contracted) $30,000,000 michael.spicer@state.
Housing & Economic Diversity Venture Fund Program (Direct) ma.us
Development
Michigan Michigan Strategic Fund Michigan Business Loan Participation Michigan Strategic Fund $48,235,293 businessloans@
(Implementing)
Growth Fund - Loan Program michigan.org
Participation Program
U.S. DEPARTMENT OF THE TREASURY 9
STATE SMALL BUSINESS CREDIT INITIATIVE
Applicant Implementing Name of Program Program Type Administering Amount Contact
Name Entity Name Overview Entities Requested
Michigan Michigan Strategic Fund Michigan Business CAP Michigan Strategic Fund $2,369,910 businessloans@
(Implementing)
Growth Fund - Capital michigan.org
Access Program
Michigan Michigan Strategic Fund Michigan Business Loan Guarantee Michigan Strategic Fund $40,288,462 businessloans@
(Implementing)
Growth Fund - Loan Program michigan.org
Guarantee Program
Michigan Michigan Strategic Fund Michigan Business Collateral Support Michigan Strategic Fund $71,097,285 businessloans@
(Implementing)
Growth Fund - Collateral Program michigan.org
Support Program
Michigan Michigan Strategic Fund Michigan Business Equity Capital Michigan Strategic Fund $75,000,000 businessloans@
(Implementing)
Growth Fund - Small Program (Funds) michigan.org
Business Venture Capital
Program
Minnesota Minnesota Department of Growth Loan Fund Other Minnesota Department of $12,500,000 SSBCI.DEED@
Employment and Economic
Employment and Econom- Development (Implementing)
state.mn.us
ic Development
Minnesota Minnesota Department Minnesota Loan Loan Guarantee Minnesota Department $12,500,000 SSBCI.DEED@
of Employment and
of Employment and Guarantee Program Program Economic Development
state.mn.us
Economic Development (Implementing)
Minnesota Minnesota Department Small Business Loan Loan Participation Minnesota Department $25,000,000 SSBCI.DEED@
of Employment and
of Employment and Participation Program Program Economic Development
state.mn.us
Economic Development (Implementing)
Minnesota Minnesota Department Automation Loan Loan Participation Minnesota Department $12,500,000 SSBCI.DEED@
of Employment and
of Employment and Participation Program Program Economic Development
state.mn.us
Economic Development (Implementing)
Minnesota Minnesota Department Multi-Fund VC Program Equity Capital University of Minnesota $22,433,187 SSBCI.DEED@
(Contracted)
of Employment and Program (Funds) state.mn.us
Economic Development
Minnesota Minnesota Department Direct Investment VC Equity Capital University of Minnesota $12,079,409 SSBCI.DEED@
(Contracted)
of Employment and Program Program (Direct) state.mn.us
Economic Development
Mississippi* Mississippi Development Mississippi CDFI Small Loan Participation Mississippi Development $45,000,000 ssbci@mississippi.org
Authority
Authority Business Loan Fund Program
Mississippi* Mississippi Development Mississippi Loan Loan Guarantee Mississippi Development $15,078,447 ssbci@mississippi.org
Authority
Authority Guarantee Program Program
Mississippi* Mississippi Development Mississippi Direct Equity Capital Innovate Mississippi $11,000,000 ssbci@mississippi.org
Authority Investment Program Program (Direct)
Mississippi* Mississippi Development Mississippi Venture Equity Capital Innovate Mississippi $15,000,000 ssbci@mississippi.org
Authority Capital Program Program (Funds)
Missouri Missouri Department of IDEA Fund Co-Investment Equity Capital Missouri Technology $94,855,803 grants@ded.mo.gov
Corporation (Contracted)
Economic Development Program Program (Direct)
10 U.S. DEPARTMENT OF THE TREASURY
STATE SMALL BUSINESS CREDIT INITIATIVE
Applicant Implementing Name of Program Program Type Administering Amount Contact
Name Entity Name Overview Entities Requested
Montana Montana Department of MT SSBCI 2.0 Loan Loan Participation Montana Department of $61,327,969 MTSSBCI@mt.gov
Commerce (Implementing)
Commerce Participation Program Program
Nebraska Nebraska Department of Nebraska Growth Loan Loan Participation Omaha 100, Inc. $32,002,859 joe.fox@nebraska.gov
(Contracted),Nebraska
Economic Development Fund (NGLF) Program Enterprise Fund
(Contracted),Nebraska
Department of
Economic Development
(Implementing)
Nebraska Nebraska Department of Nebraska Seed and Equity Capital Invest Nebraska Corporation $32,002,859 joe.fox@nebraska.gov
(Contracted),Nebraska
Economic Development Development Fund Program (Direct) Department of
(NSDF) Economic Development
(Implementing)
Nevada Nevada Governor's Offce State Sponsored Venture Other Nevada Battle Born Growth $36,000,000 kheise@goed.nv.gov
Escalator, Inc. (NBBGEI)
of Economic Development Capital Program (Contracted)
Nevada Nevada Governor's Offce Collateral Support Collateral Support Nevada Battle Born Growth $10,156,523 Mendy@
Escalator, Inc. (NBBGEI)
of Economic Development Program Program (Contracted)
fynngiudiciga.com
Nevada Nevada Governor's Offce Nevada Loan Participa- Loan Participation Nevada Battle Born Growth $15,900,000 Mendy@
Escalator, Inc. (NBBGEI)
of Economic Development tion Program – Standard Program (Contracted)
fynngiudiciga.com
Loans (>$250k)
Nevada Nevada Governor's Offce C-PACE Loan Participation Nevada Battle Born Growth $35,000,000 Mendy@
Escalator, Inc. (NBBGEI)
of Economic Development Program (Contracted)
fynngiudiciga.com
Nevada Nevada Governor's Offce Nevada Loan Loan Participation Nevada Battle Born Growth $15,900,000 Mendy@
Escalator, Inc. (NBBGEI)
of Economic Development Participation Program – Program (Contracted)
fynngiudiciga.com
Small Loans (<$250k)
New Hampshire New Hampshire Capital Access Program CAP New Hampshire Business $1,500,000 info@nhbfa.com
Finance Authority
Department of Business (Contracted)
and Economic Affairs
New Hampshire New Hampshire Loan Participation Loan Participation New Hampshire Business $10,000,000 info@nhbfa.com
Finance Authority
Department of Business Program – Direct Loans Program (Contracted)
and Economic Affairs
New Hampshire New Hampshire Loan Participation Loan Participation New Hampshire Business $7,000,000 info@nhbfa.com
Finance Authority
Department of Business Program – Aid to Program (Contracted)
and Economic Affairs Local Development
Organizations (ALDO)
New Hampshire New Hampshire Loan Guarantee Program Loan Guarantee New Hampshire Business $2,000,000 info@nhbfa.com
Finance Authority
Department of Business Program (Contracted)
and Economic Affairs
New Hampshire New Hampshire Loan Participation Loan Participation New Hampshire Business $40,968,436 info@nhbfa.com
Finance Authority
Department of Business Program – Term Program (Contracted)
and Economic Affairs
New Jersey New Jersey Department of Recovery Loan Loss Loan Guarantee New Jersey Economic $25,000,000 SSBCI@njeda.com
Development Authority
the Treasury Reserve Fund Program (Contracted)
New Jersey New Jersey Department of Blended Capital Fund Loan Participation New Jersey Economic $50,000,000 SSBCI@njeda.com
Development Authority
the Treasury Program (Contracted)
New Jersey New Jersey Department of SEDI Seed Fund Equity Capital New Jersey Economic $20,000,000 SSBCI@njeda.com
Development Authority
the Treasury Program (Funds) (Contracted)
U.S. DEPARTMENT OF THE TREASURY 11
STATE SMALL BUSINESS CREDIT INITIATIVE
Applicant Implementing Name of Program Program Type Administering Amount Contact
Name Entity Name Overview Entities Requested
New Jersey New Jersey Department of Life Science Fund Equity Capital New Jersey Economic $60,000,000 SSBCI@njeda.com
Development Authority
the Treasury Program (Funds) (Contracted)
New Jersey New Jersey Department of Angel Match Program Other New Jersey Economic $20,197,631 SSBCI@njeda.com
Development Authority
the Treasury (Contracted)
New Jersey New Jersey Department of Clean Energy Business Loan Participation New Jersey Economic $80,000,000 SSBCI@njeda.com
Development Authority
the Treasury Financing Program (Contracted)
New Mexico New Mexico Economic NM Growth Fund Equity Capital New Mexico Economic $65,488,000 johanna.nelson@
Development Department
Development Department Program (Funds) (Implementing)
state.nm.us
New Mexico New Mexico Economic Collateral Assistance Collateral Support New Mexico Economic $9,000,805 johanna.nelson@
Development Department
Development Department Program Program (Implementing)
state.nm.us
New York Empire State Development Contractor Financing Loan Guarantee Empire State Development $22,011,437 NYSCFP@esd.ny.gov
(Implementing)
Revolving Loan Fund Program
New York Empire State Development New York Forward Loan Loan Participation Empire State Development $47,011,437 nyloanfund@
(Implementing),Calvert
Fund II Program Impact, Inc. (Contracted)
esd.ny.gov
New York Empire State Development Capital Project Loan Fund Loan Participation Empire State Development $106,187,266 CPLF@esd.ny.gov
(Implementing)
Program
New York Empire State Development Small Business Revolving Loan Participation Empire State Development $55,583,259 SBRLF@esd.ny.gov
(Implementing)
Loan Fund II Program
New York Empire State Development Emerging and Regional Equity Capital Empire State Development $154,011,436 NYSManagerFundRFA@
(Implementing)
Manager Multi-Fund Program (Funds) esd.ny.gov
Program
New York Empire State Development Pre-Seed and Seed Equity Capital Empire State Development $30,011,438 NYVenturesPreSeed@
(Implementing)
Investment Matching Program (Direct) esd.ny.gov
Program
New York Empire State Development NYS Innovation Venture Equity Capital Empire State Development $35,344,770 NewYork.Venture@
(Implementing)
Capital Fund Program (Direct) esd.ny.gov
New York Empire State Development Capital Access Program CAP Empire State Development $29,414,907 nyscap@esd.ny.gov
(Implementing)
New York Empire State Development New York State Bonding Loan Guarantee Empire State Development $22,011,437 BAP@esd.ny.gov
(Implementing)
Assistance Program Program
North Carolina North Carolina Department NC Capital Access CAP Rural Economic $10,000,000 ssbci@
Development Center, Inc.
of Commerce Program (Contracted)
ncruralcenter.org
North Carolina North Carolina Department NC Loan Participation Loan Participation Rural Economic $160,000,000 ssbci@
Development Center, Inc.
of Commerce Program Program (Contracted)
ncruralcenter.org
North Carolina North Carolina Department NC Venture Capital Equity Capital Rural Economic $31,897,680 ssbci@
Development Center, Inc.
of Commerce Program Program (Funds) (Contracted)
ncruralcenter.org
North Dakota North Dakota Department Angel Match Program Equity Capital North Dakota Development $13,641,843 sakason@nd.gov
Fund (Contracted)
of Commerce North Dakota Program (Direct)
North Dakota North Dakota Department Direct Investment Equity Capital O’Leary Ventures $45,000,000 sakason@nd.gov
(Contracted)
of Commerce Program Program (Direct)
12 U.S. DEPARTMENT OF THE TREASURY
STATE SMALL BUSINESS CREDIT INITIATIVE
Applicant Implementing Name of Program Program Type Administering Amount Contact
Name Entity Name Overview Entities Requested
Ohio Ohio Department of Ohio Venture Fund Other Ohio Department $75,000,000 ssbci@
of Development
Development (Implementing)
development.ohio.gov
Ohio Ohio Department of Ohio Early Stage Focus Other Ohio Department $36,718,475 ssbci@
of Development
Development Fund (Implementing)
development.ohio.gov
Ohio Ohio Department of CDFI Loan Participation Loan Participation Ohio Department $45,718,475 ssbci@
of Development
Development Program Program (Implementing)
development.ohio.gov
Ohio Ohio Department of Collateral Enhancement Collateral Support Ohio Department $24,910,942 ssbci@
of Development
Development Program Program (Implementing)
development.ohio.gov
Oklahoma Oklahoma Center for the Oklahoma Venture Capital Equity Capital Oklahoma Center for the $48,906,317 SSBCI-RFP@
Advancement of Science
Advancement of Science Investments Program (Funds) and Technology (OCAST)
ocast.ok.gov
and Technology (OCAST) (Implementing)
Oklahoma Oklahoma Center for the Oklahoma Business Loan Participation Oklahoma Center for the $32,740,289 SSBCI-RFP@
Advancement of Science
Advancement of Science Lending Partnerships Program and Technology (OCAST)
ocast.ok.gov
and Technology (OCAST) (Implementing)
Oregon Oregon Business Devel- Business Oregon Venture Other Oregon Business $15,000,000 Ricardo.Lopez@
Development Department
opment Department (DBA Direct Program (aka Business Oregon)
biz.oregon.gov
Business Oregon) (Implementing)
Oregon Oregon Business Credit Enhancement Fund Loan Guarantee Oregon Business $32,501,226 Blair.Sundell@
Development Department
Development Department Program (aka Business Oregon)
biz.oregon.gov
(DBA Business Oregon) (Implementing)
Oregon Oregon Business Oregon Royalty Fund Other Oregon Business $12,000,000 thomas.schnell@
Development Department
Development Department (aka Business Oregon)
biz.oregon.gov
(DBA Business Oregon) (Implementing)
Oregon Oregon Business Business Oregon Loan Participation Oregon Business $9,000,000 thomas.schnell@biz.
Development Department
Development Department Relender Program Program (aka Business Oregon)
oregon.gov
(DBA Business Oregon) (Implementing)
Oregon Oregon Business Business Oregon Venture Other Oregon Business $15,000,000 Ricardo.Lopez@
Development Department
Development Department Fund Program (aka Business Oregon)
biz.oregon.gov
(DBA Business Oregon) (Implementing)
Pennsylvania Pennsylvania Department PA-SSBCI Diverse Venture Equity Capital Pennsylvania Department $17,000,000 ra-dcpassbci@pa.gov
of Community &
of Community & Economic Loan Program Program (Funds) Economic Development
Development (Implementing)
Pennsylvania Pennsylvania Department PA-SSBCI Revolving Loan Loan Participation York County $125,838,132 ra-dcpassbci@pa.gov
Economic Alliance
of Community & Economic Fund Program Program (Contracted),Women's
Development Opportunity Resource
Center (Contracted),VestedIn
(Contracted),Tioga County
Development Corporation
(Contracted),The Progress
Fund (Contracted),The
Enterprise Center
(Contracted),SEDA-COG
(Contracti
U.S. DEPARTMENT OF THE TREASURY 13
STATE SMALL BUSINESS CREDIT INITIATIVE
Applicant Implementing Name of Program Program Type Administering Amount Contact
Name Entity Name Overview Entities Requested
Pennsylvania Pennsylvania Department PA-SSBCI Equity Capital Equity Capital Life Sciences Greenhouse $125,000,000 ra-dcpassbci@pa.gov
of Central Pennsylvania
of Community & Economic Program Program (Direct) (Contracted),Innovation
Development Works (Contracted),
BioAdvance (Contracted),
Ben Franklin Technology
Partners of Southeastern PA
(Contracted),Ben Franklin
Technology Partners of
Northeastern Pennsylvania
(Contract)
Rhode Island State of Rhode Capital Access Program CAP Commerce Corporation $3,346,320 William.Ash@
(Contracted)
Island Department of CommerceRI.com
Administration
Rhode Island State of Rhode Loan Participation Loan Participation Commerce Corporation $26,880,000 William.Ash@
(Contracted)
Island Department of Program Program CommerceRI.com
Administration
Rhode Island State of Rhode Venture Capital Program Equity Capital Commerce Corporation $31,500,000 William.Ash@
(Contracted)
Island Department of Program (Direct) CommerceRI.com
Administration
South Carolina South Carolina Jobs- South Carolina SSBCI Loan Participation Business Development $50,342,659 NGreen@BDCofSC.
Corporation
Economic Development Loan Participation Program (Contracted),South
org
Authority Program Carolina Jobs-Economic
Development Authority
(Implementing)
South Carolina South Carolina Jobs-Eco- South Carolina SSBCI Equity Capital South Carolina Jobs-Eco- $51,000,000 SSBCI@scjeda.com
nomic Development Author-
nomic Development Venture Capital Program Program (Funds) ity (Implementing),InvestSC,
Authority Inc. (Contracted)
South Dakota Governor's Offce of SD Works Loan Participation Governor's Offce of $60,010,454 Travis.Dovre@
Economic Development
Economic Development Program (Implementing)
sdgoed.com
Tennessee Tennessee Department of TN Loan Participation Loan Participation Tennessee Department of $46,929,549 Lamont.Price@tn.gov
Economic & Community
Economic & Community Program Program Development (TNECD)
Development (TNECD) (Implementing)
Tennessee Tennessee Department of BuildTN Regional Seed Equity Capital Tennessee Technology $28,000,000 Lamont.Price@tn.gov
Development Corp dba
Economic & Community Program Program (Direct) Launch Tennessee
Development (TNECD) (LaunchTN) (Contracted)
Tennessee Tennessee Department of BuildTN Multi-Fund Equity Capital Tennessee Technology $12,000,000 Lamont.Price@tn.gov
Development Corp dba
Economic & Community Program Program (Funds) Launch Tennessee
Development (TNECD) (LaunchTN) (Contracted)
Tennessee Tennessee Department of BuildTN Tech Fund Equity Capital Tennessee Technology $30,000,000 Lamont.Price@tn.gov
Development Corp dba
Economic & Community Program Program (Direct) Launch Tennessee
Development (TNECD) (LaunchTN) (Contracted)
Texas Offce of The Governor of Texas Small Business CAP Offce of The Governor of $118,023,533 tsbci@gov.texas.gov
Texas (Implementing)
Texas Credit Initiative (TSBCI)
Capital Access Program
Texas Offce of The Governor of Texas Small Business Loan Guarantee Offce of The Governor of $354,070,600 tsbci@gov.texas.gov
Texas (Implementing)
Texas Credit Initiative (TSBCI) Program
Loan Guarantee Program
Utah Utah Governor's Offce of Loan Participation Loan Participation Utah Governor's Offce $27,602,400 aleciahart@utah.gov.
of Economic Opportunity
Economic Opportunity Program Program (Implementing)
14 U.S. DEPARTMENT OF THE TREASURY
STATE SMALL BUSINESS CREDIT INITIATIVE
Applicant Implementing Name of Program Program Type Administering Amount Contact
Name Entity Name Overview Entities Requested
Utah Utah Governor's Offce of Loan Guarantee Program Loan Guarantee Utah Center for $31,052,700 dan@utcns.com
Neighborhood Stabilization's
Economic Opportunity Program (UCNS) Utah Small Business
Growth Initiative (USBGI)
(Contracted)
Utah Utah Governor's Offce of Capital Access Program CAP Utah Governor's Offce $10,350,900 aleciahart@utah.gov.
of Economic Opportunity
Economic Opportunity (Implementing)
Vermont Vermont Economic Vermont Loan Loan Participation Vermont Economic $28,973,989 trichardson@veda.org
Development Authority
Development Authority Participation Program Program (Implementing)
Vermont Vermont Economic Vermont Equity Capital Equity Capital Vermont Center for $18,000,000 trichardson@veda.org
Emerging Technologies, Inc.
Development Authority Program (Direct) Program (Direct) (VCET) (Contracted),Center
on Rural Innovation (CORI)
(Contracted)
Vermont Vermont Economic Vermont Equity Capital Equity Capital Vermont Economic $10,973,989 trichardson@veda.org
Development Authority
Development Authority Program (Funds) Program (Funds) (Implementing)
Virginia Virginia Small Business SSBCI Loan Participation Loan Participation Virginia Small Business $20,734,000 cheryl.bostick@sbsd.
Financing Authority (VSBFA)
Financing Authority Program Program (Implementing)
virginia.gov
(VSBFA)
Virginia Virginia Small Business SSBCI Loans to CDFI Loan Participation Virginia Small Business $5,181,669 cheryl.bostick@sbsd.
Financing Authority (VSBFA)
Financing Authority Program Program (Implementing)
virginia.gov
(VSBFA)
Virginia Virginia Small Business Fi- SSBCI Venture Capital Equity Capital Virginia Innovation Part- $89,332,379 robert.stolle@
nership Corporation (VIPC)
nancing Authority (VSBFA) Program Program (Funds) (Contracted)
virginiaipc.org
Virginia Virginia Small Business SSBCI Loan Guaranty Loan Guarantee Virginia Small Business $31,101,000 cheryl.bostick@sbsd.
Financing Authority (VSBFA)
Financing Authority Program Program (Implementing)
virginia.gov
(VSBFA)
Virginia Virginia Small Business SSBCI Venture Capital Equity Capital Virginia Innovation $84,085,955 robert.stolle@
Partnership Corporation
Financing Authority Program (Direct) Program (Direct) (VIPC) (Contracted)
virginiaipc.org
(VSBFA)
Washington Washington State Washington State Venture Equity Capital Washington State $49,000,000 Linda.Womack@
Department of Commerce
Department of Commerce Capital Fund Program (Funds) (Implementing)
Commerce.WA.Gov
(Commerce)
Washington Washington State Revenue Based Loan Loan Participation National Development $13,000,000 Linda.Womack@
Council (NDC) (Contracted)
Department of Commerce Program Program Commerce.WA.Gov
(Commerce)
Washington Washington State Small Business Collateral Collateral Support Evergreen Business Capital $10,460,354 Linda.Womack@
Community Finance
Department of Commerce Support Program Program (Contracted)
Commerce.WA.Gov
(Commerce)
Washington Washington State Micro and Small Business Loan Participation Calvert Impact Capital $65,000,000 Linda.Womack@
(Contracted)
Department of Commerce Loan Fund Program Commerce.WA.Gov
(Commerce)
Washington Washington State Commercial Real Estate Loan Participation Heritage Bank Community $26,000,000 Linda.Womack@
Development Entity, LLC
Department of Commerce Loan Program Program (Contracted)
Commerce.WA.Gov
(Commerce)
West Virginia West Virginia Jobs Seed Capital Co- Equity Capital West Virginia Jobs $37,494,495 WVCAP@wv.gov
Investment Trust
Investment Trust Investment Fund Program (Direct) (Implementing)
West Virginia West Virginia Jobs Subordinated Debt Fund Loan Participation West Virginia Jobs $29,610,303 WVCAP@wv.gov
Investment Trust
Investment Trust Program (Implementing)
U.S. DEPARTMENT OF THE TREASURY 15
STATE SMALL BUSINESS CREDIT INITIATIVE
Applicant Implementing Name of Program Program Type Administering Amount Contact
Name Entity Name Overview Entities Requested
West Virginia West Virginia Jobs Collateral Support Fund Collateral Support West Virginia Jobs $5,000,000 WVCAP@wv.gov
Investment Trust
Investment Trust Program (Implementing)
Wisconsin Wisconsin Department of Wisconsin Forward Co- Equity Capital Wisconsin Economic $25,000,000 SSBCI_Info@
Development Corporation
Administration Investment Fund Program (Direct) (WEDC) (Contracted)
wedc.org
Wisconsin Wisconsin Department of WHEDA Capital Access CAP Wisconsin Housing and $3,000,000 SSBCI@WHEDA.com
Economic Development
Administration Program Authority (WHEDA)
(Contracted)
Wisconsin Wisconsin Department of WHEDA Subordinate Loan Loan Participation Wisconsin Housing and $6,000,000 SSBCI@WHEDA.com
Economic Development
Administration Participation Program Program Authority (WHEDA)
(Contracted)
Wisconsin Wisconsin Department of WHEDA Collateral Collateral Support Wisconsin Housing and $6,000,000 SSBCI@WHEDA.com
Economic Development
Administration Support Program Program Authority (WHEDA)
(Contracted)
Wisconsin Wisconsin Department of WEDC Technology Other Wisconsin Economic $8,125,677 SSBCI_Info@
Development Corporation
Administration Development Fund (WEDC) (Contracted)
wedc.org
Wisconsin Wisconsin Department of WEDC Capital Catalyst Loan Participation Wisconsin Economic $6,000,000 SSBCI_Info@
Development Corporation
Administration Fund Program (WEDC) (Contracted)
wedc.org
Wisconsin Wisconsin Department of Wisconsin Forward Equity Capital Wisconsin Economic $25,000,000 SSBCI_Info@
Development Corporation
Administration Venture Fund Program (Funds) (WEDC) (Contracted)
wedc.org
Wyoming Wyoming Business Council Wyoming Venture Funds Equity Capital Wyoming Business Council $23,426,481 VentureCapital@
(Implementing)
Program (Funds) wyo.gov
Wyoming Wyoming Business Council Wyoming Venture Direct Equity Capital Wyoming Business Council $35,000,000 VentureCapital@
(Implementing)
Program (Direct) wyo.gov
American American Samoa Loan Guarantee Program Loan Guarantee American Samoa $32,537,178 ssbci@doc.as.gov
Government Department of
Samoa* Government Department Program Commerce (Implementing)
of Commerce
American American Samoa Loan Participation Loan Participation American Samoa $8,562,415 ssbci@doc.as.gov
Government Department of
Samoa* Government Department Program Program Commerce (Implementing)
of Commerce
American American Samoa Collateral Support Collateral Support American Samoa $5,708,278 ssbci@doc.as.gov
Government Department of
Samoa* Government Department Program Program Commerce (Implementing)
of Commerce
American American Samoa AS Co-Investment Fund Equity Capital American Samoa $10,274,898 ssbci@doc.as.gov
Government Department of
Samoa* Government Department Program (Direct) Commerce (Implementing)
of Commerce
Commonwealth Economic Development Loan Participation Loan Participation Economic Development $21,874,614 scarlo@bde.pr.gov
Bank for Puerto Rico (EDB)
of Puerto Rico Bank for Puerto Rico (EDB) Program Program (Implementing)
Commonwealth Economic Development Collateral Support Collateral Support Economic Development $87,498,455 scarlo@bde.pr.gov
Bank for Puerto Rico (EDB)
of Puerto Rico Bank for Puerto Rico (EDB) Program Program (Implementing)
Commonwealth CNMI Department of Loan Participation Loan Participation CNMI Department of $19,019,255 kcody@commerce.
Commerce (Implementing)
of the Northern Commerce Program Program gov.mp
Mariana
Islands*
16 U.S. DEPARTMENT OF THE TREASURY
STATE SMALL BUSINESS CREDIT INITIATIVE
Applicant Implementing Name of Program Program Type Administering Amount Contact
Name Entity Name Overview Entities Requested
Commonwealth CNMI Department of Loan Guarantee Program Loan Guarantee CNMI Department of $19,019,254 kcody@commerce.
Commerce (Implementing)
of the Northern Commerce Program gov.mp
Mariana Islands*
Commonwealth CNMI Department of Collateral Support Collateral Support CNMI Department of $19,019,254 kcody@commerce.
Commerce (Implementing)
of the Northern Commerce Program Program gov.mp
Mariana Islands*
Guam Guam Economic Loan Guarantee Program Loan Guarantee Guam Economic $36,280,720 tara.murakami@
Development Authority
Development Authority Program (Implementing)
investguam.com
Guam Guam Economic Collateral Support Collateral Support Guam Economic $12,389,202 tara.murakami@
Development Authority
Development Authority Program Program (Implementing)
investguam.com
Guam Guam Economic Destinu Guahan Venture Equity Capital Guam Economic $10,000,000 tara.murakami@
Development Authority
Development Authority Corporation Program (Direct) (Implementing)
investguam.com
United States Virgin Islands Economic Loan Participation Loan Participation Virgin Islands Economic $25,500,000 SSBCI@usvieda.org
Development Authority
Virgin Islands Development Authority Program Program (Implementing)
(USVIEDA)
United States Virgin Islands Economic Loan Guarantee Program Loan Guarantee Virgin Islands Economic $22,860,549 SSBCI@usvieda.org
Development Authority
Virgin Islands Development Authority Program (Implementing)
(USVIEDA)
United States Virgin Islands Economic Collateral Support Collateral Support Virgin Islands Economic $5,000,000 SSBCI@usvieda.org
Development Authority
Virgin Islands Development Authority Program Program (Implementing)
(USVIEDA)
United States Virgin Islands Economic Payment Surety and Loan Guarantee Virgin Islands Economic $4,500,000 SSBCI@usvieda.org
Development Authority
Virgin Islands Development Authority Performance Bond Program (Implementing)
(USVIEDA) Program
*The following applications are under review as of March 31, 2023: Alabama, American Samoa, District of Columbia, Northern Mariana Islands, Mississippi
U.S. DEPARTMENT OF THE TREASURY 17
STATE SMALL BUSINESS CREDIT INITIATIVE
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