U.S. Department of the Treasury

Notice Regarding Applications for the State Small Business Credit Initiative (SSBCI)

September 27, 2021

This notice provides information regarding the requirements and timeline for applications for 

SSBCI funding. As described below, applications for SSBCI capital programs must be initiated 

by December 11, 2021, and be completed by February 11, 2022; applications for SSBCI 

technical assistance are due by March 31, 2022.

Treasury will post an online portal for applications, and provide additional program guidance and 

application instructions, in the coming weeks.

1. Applications for Capital Programs

An Eligible Jurisdiction (states, the District of Columbia, territories, and Tribal governments) 

must initiate an application in Treasury’s online portal by submitting responses to all of the

application sections listed below by 11:59 p.m. on December 11, 2021. Eligible Jurisdictions

that initiate the application by that deadline will be permitted subsequently to amend their

applications to include additional information that is not available by December 11. A complete 

application, with responses to all sections of the application, must be submitted by February 11, 

2022. Eligible Jurisdictions that do not complete the application sections listed below, or do not 

submit a complete application, by the respective deadlines will not be eligible for SSBCI 

funding.

Eligible Jurisdictions must submit the following application sections by December 11, 2021:

Designation of implementing entity. Eligible Jurisdictions must identify the department, 

agency, or political subdivision designated by the Eligible Jurisdiction to implement and 

participate in the program, as required under 12 U.S.C. § 5703(b)(1). 

Identification of key contacts. Eligible Jurisdictions must identify and provide contact 

information for an authorized official of the Eligible Jurisdiction for purposes of the 

SSBCI and at least one Eligible Jurisdiction program point of contact for Treasury.

List of proposed programs. Eligible Jurisdictions must list the SSBCI programs they 

intend to operate and the amount of funding requested for each program. 

Statement on legal actions. Eligible Jurisdictions must describe the necessary legal 

actions (such as legislative authorization) that have been taken or need to be taken to 

enable the designated implementing entity to implement the applicant’s programs, as 

required under 12 U.S.C. § 5703(b)(2). If any legal actions remain necessary to enable 

the designated entity to implement the Eligible Jurisdiction’s proposed programs, indicate 

what the remaining actions are and when they will be complete. 

Eligible Jurisdictions must submit a complete application by February 11, 2022, addressing the 

following application sections:
Program eligibility. Eligible Jurisdictions must describe how each of their proposed 

programs satisfies the requirements in the SSBCI statute and Treasury program 

guidance.

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Signature of the authorized official. Eligible Jurisdictions must have an authorized 

official electronically sign their application. 

Treasury will review and approve applications on a rolling basis and may request additional 

information during this process. 

2. Applications for Technical Assistance 

Treasury may use up to $500 million of SSBCI funds to support technical assistance to very 

small businesses and business enterprises owned and controlled by socially and economically 

disadvantaged individuals that are applying for SSBCI programs or other government programs 

supporting small businesses. Treasury may provide technical assistance funds to Eligible 

Jurisdictions, to the Minority Business Development Agency (MBDA), or to legal, accounting, 

and financial advisory firms. Eligible Jurisdictions seeking technical assistance funds from 

Treasury will be required to submit an application to Treasury including a plan to provide the 

services, either directly or through contractors. Treasury will issue additional guidance with 

details about the terms and conditions for technical assistance.

Applications for technical assistance are due by March 31, 2022.

To receive technical assistance funds, an Eligible Jurisdiction will be required to enter into a 

grant agreement governing the use of those funds. To promote the efficient and effective use of 

SSBCI funds, Treasury encourages Eligible Jurisdictions to review federal grant administration 

requirements and to ensure appropriate systems, policies, procedures, and internal controls are in 

place. Information on federal grants is available at http://www.grants.gov/web/grants/learngrants.html and http://www.sam.gov.

1 Statutory criteria include requirements under 12 U.S.C. §§ 5704(c), 5704(e), 5705(c), and 5705(d), among others.