Of the total amount funded, Georgia was allocated $48,024,748. The primary objective of the SSBCI is to enhance new or existing state programs that provide access to capital for small businesses and manufacturers. IBank is the lead applicant and they have signed an allocation agreement with U.S. Treasury. Through SSBCI 2.0, Treasury will provide funds to states, the District of Columbia, territories, and Tribal governments for small business credit support and investment . All lenders seeking approval as participating lenders in the SSBCI programs must undergo a vetting process whereby the State will evaluate the lender on management and lending experience as well as financial capacity and ability. In September 2022, DEO announced the approval of the state SSBCI application by the United States Department of the Treasury (U.S. Treasury) for $488 million in funding. 2.8. 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Any changes to the application deadline will be posted on the website. Remarks by Under Secretary for Domestic Finance Nellie Liang During Workshop on Next Steps to the Future of Money and Payments, Remarks by Secretary of the Treasury Janet L. Yellen at Bilateral Meeting with Prime Minister of Ukraine Denys Shmyhal, RT @TreasuryDepSec: At our roundtable with @BlkEconAlliance today, @SBAIsabel @RepNikema and I heard from business leaders about ways the f, RT @TreasuryDepSec: I'm in Atlanta this week with @SBAIsabel and @DepSecTodman to highlight some of the historic investments @USTreasury @S, Form 941, employer's quarterly federal tax return, Special Inspector General, Troubled Asset Relief Program (SIGTARP), Administrative Resource Center (ARC)- Bureau of the Fiscal Service. ET. Please verify that you are supplying the information in the correct format. State Small Business Credit Initiative (SSBCI) Application | U.S. Department of the Treasury Home State Small Business Credit Initiative (SSBCI) Application Documents and resources from the 2010 SSBCI which operated from 2011-2017 will be revised for the 2021 round of SSBCI. For more information, please visit Treasury.gov/SSBCI. GHFA EDFI/Georgia Department of Community Affairs (DCA) is the administrator of the program. The $1.4 billion of the first SSBCI was able to leverage more than $8 billion in private small business loans and investments. After reviewing the RFI, commenters can post their comments on Regulations.gov. As a reminder, you must log in using the single sign on that you created using ID.me. Housing Choice Voucher Program (formerly known as Section 8), Georgia Balance of State Continuum of Care (BoS CoC), GHFA Permanent Supporting Housing (formerly known as Shelter Plus Care) (PSH), Homeless Management Information System (HMIS), Housing Opportunities for Persons with AIDS (HOPWA), HUD 811 Project Rental Assistance Program (HUD 811), Reentry Partnership Housing Program (RPH), State Housing Trust Fund for the Homeless (HTF), Community Development Block Grant Disaster Recovery Program (CDBG-DR), Community Development Block Grant Coronavirus (CDBG-CV), Community Development Block Grants (CDBG), Downtown Development Revolving Loan Fund (DDRLF), Regional Economic Business Assistance (REBA), State Small Business Credit Initiative (SSBCI), Regional Economic Assistance Program (REAP), Construction Codes and Housing Development, Georgia Initiative for Community Housing (GICH), HOME Investment Partnership Program (HOME), Governing Statutes, Regulations, and Guidance, Government Management Indicators (GOMI) Survey, Report of Local Government Finance (RLGF), Georgia Commission for Service and Volunteerism, Georgia SBCG (Small Business Credit Guaranty), History - State Small Business Credit Initiative, Georgia Department of Economic Development, University of Georgia Small Business Development Center, CDFIs Engaged in Small Business Lending in Georgia, How do I make a GORA "open records" request, Popular List of SSBCI Capital Programs and Contacts. #stimulusnews #stimulusupdate #funding$10 BILLION SSBCI STATE FUNDING FOR SMALL BUSINESS | SHE BOSS TALKOn March 11, 2021, President Biden signed The America. When additional information becomes available, it will be posted on the program website at Treasury.gov/SSBCI. If the email is still not found, Users can trigger the email to be resent from within the Treasury Portal. For more information on submitting reports for the Capital Program, please access the program website at Treasury.gov/SSBCI, scroll down to the Program Rules and Materials section then click on Capital Program Reporting Guidance. (note that the comment deadline has been extended). The SSBCI Program is now a state-administered revolving loan program. Tribal Governments must initiate and submit their completed SSBCI capital program application by October 31, 2022, at 11:59 p.m. The Maryland Department of Housing and Community Development has been designated as the lead agency to administer Maryland's State Small Business Credit Initiative (SSBCI) funds in partnership with the Maryland Department of Commerce and the Maryland Technology Development Corporation . The State of Georgia application to the U.S. Treasury was approved and the allocation agreement executed in December 2011. What is the last day I can apply for the Technical Assistance Grant Program? The State Small Business Credit Initiative May 09, 2018 By Michael Eggleston , Lisa J. Locke Abstract The State Small Business Credit Initiative (SSBCI), a component of the Small Business Jobs Act of 2010, allocated nearly $1.5 billion to states to support small-business financing programs. SSBCI will allocate at least $500 million to Tribal governments. Helping to build strong, vibrant communities. Small Business Owners Struggling with Inflation, How to Support Small Business on Small Business Saturday, 10 New Years Resolutions to Consider for Your Small Business in 2021, Which Small Businesses Will Thrive in 2021, $6.5 billion for State allocation $6 billion based on unemployment and half a billion dollars based on percentage of companies with less than ten employees, $1.5 billion for businesses owned and controlled by socially and economically disadvantaged individuals, $1 billion for incentives to States/Tribal governments that demonstrate robust support for businesses owned and controlled by socially and economically disadvantaged individuals, Half a billion dollars for technical assistance programs, Half a billion dollars for Tribal governments, Purchase or construction renovations of non-passive real estate. Why isnt the system accepting [x] information? From there, you can make any appropriate edits then click Save. The Treasury Portal supports most modern browsers including Microsoft Edge, Google Chrome, and an updated version of Safari. For further information on the transition to UEI Number, access SAM.gov. Manage Settings IBank is the lead applicant and they have signed an allocation agreement with U.S. Treasury. ID.me is asking for my personal information, but Im trying to apply on behalf of my entity. Information and updates will beshared on this website. State Small Business Credit Initiative (SSBCI) Hello folks. The Treasury Portal does not work well on Internet Explorer. All applications and required supplemental information must be electronically submitted by close of business on August 19, 2022. Use the Auto Navigation feature (yellow tab) to help you navigate. Small businesses can begin by using technical support to learn about financing options and how to prepare to apply for capital, CalOSBA can refer you to small business technical, Small businesses can also access technical support from, When ready to apply for capital, small businesses can apply to participating financial institutions for, After applying, the participating financial institutions underwriting process will determine if the proposed loan should be enrolled in the CalCAP for Small Business or CalCAP Collateral Support program, and may also approve a proposed loan without enrolling the loan in CalCAP, Small businesses can also choose to apply for, There is no charge to enroll and all fees are paid on a per-loan basis, Financial institutions begin enrollment with this, Financial institutions can also choose to. 3.9. Helping NYS Businesses Build Back. SSBCI was funded with $1.5 billion to strengthen state programs that support financing of small businesses. It provides secure digital identity verification to those Government Agencies and Healthcare Providers to make sure that you are you and not someone pretending to be you when you request access to online services. 4.6. 2.10. Email instructions and a link were emailed to eligible jurisdiction point(s) of contact the same day each portal was launched. The U.S. Department of the Treasury has launched the 2021 State Small Business Credit Initiative (SSBCI) portal. As part of the American Rescue Plan Act of 2021, the Oklahoma Center for the Advancement of Science and Technology (OCAST) will receive up to $81.6 million in State Small Business Credit Initiative (SSBCI) funding to provide more access to capital for startups and small businesses in Oklahoma. Note that application materials, program requirements, and guidance will be revised for the 2021 round of SSBCI. The Small Business Jobs Act of 2010 (the "Act") was signed into law on September 27, 2010. What was the allocation methodology for SSBCI? Additional Information Businesses will apply for funding through their local economic development organization. What steps do I need to complete in SAM.gov? The Treasury Portal supports most modern browsers including Microsoft Edge, Google Chrome, and an updated version of Safari. You will need to provide all of the information listed in the Treasury Portal at Portal.Treasury.gov/cares. Documents and resources from the 2010 SSBCI Allocation which operated from 2011-2017 can be found at2010-2017 Archive. Tallahassee, FL - Today, the Florida Department of Economic Opportunity (DEO) announced the approval of the state of Florida's State Small Business Credit Initiative (SSBCI) application by the United States Department of the Treasury (U.S. Treasury) for $488 million in funding. Diversity, Equity, Inclusion, and Accessibility, Alcohol and Tobacco Tax and Trade Bureau (TTB), Financial Crimes Enforcement Network (FinCEN), Office of the Comptroller of the Currency (OCC), Treasury Inspector General for Tax Administration (TIGTA), Special Inspector General for the Troubled Asset Relief Program (SIGTARP), Special Inspector General for Pandemic Recovery (SIGPR), Budget Request/Annual Performance Plan and Reports, Inspector General Audits and Investigative Reports, Foreign Account Tax Compliance Act (FATCA), The Community Development Financial Institution (CDFI) Fund, Specially Designated Nationals List (SDN List), Sanctions Programs and Country Information, Financial Literacy and Education Commission, The Committee on Foreign Investment in the United States (CFIUS), Macroeconomic and Foreign Exchange Policies of Major Trading Partners, U.S.-China Comprehensive Strategic Economic Dialogue (CED), Small and Disadvantaged Business Utilization, Daily Treasury Par Real Yield Curve Rates, Debt Management Overview and Quarterly Refunding Process, U.S International Portfolio Investment Statistics, Report Fraud Related to Government Contracts, Cashing Savings Bonds in Disaster-Declared Areas, Community Development Financial Institution (CDFI) Fund, Electronic Federal BenefitPayments - GoDirect, General Property, Vehicles, Vessels & Aircraft. Also please make sure you are using a supported browser. For more information, please see the Capital Program Policy Guidelines and FAQs on the program website at Treasury.gov/SSBCI. How do I know if a specific use is eligible? For more information, please visit the U.S. Department of the Treasury's website. Ohio initially will receive $52.4 million to support socially and economically disadvantaged individuals and very small businesses. We believe that access to loan capital is a fundamental component of an equitable, vibrant, and growing economy. Similarly, Treasury will automatically populate your existing account records with the GSA-issued UEI number in the Treasury.gov Application and Compliance portal, as applicable. 6.1. 6.3. Community Development Financial Institutions engaged in small business lending in Georgia. Because ID.me verifies your individual identity (and not your company or agency identity), you will need to provide some personal information during the ID.me verification process. Lenders looking to participate in the SSBCI program will undergo a vetting process.