STATE SMALL BUSINESS

CREDIT INITIATIVE:

A SUMMARY OF STATES’

QUARTERLY

REPORTS

DECEMBER 31, 2016
1

Summary

Created by the Small Business Jobs Act of 2010 (P.L. 111-240) (the Act), the State Small 

Business Credit Initiative (SSBCI) provides $1.5 billion to new and existing programs in

participating states, municipalities, and territories (States) that support private-sector 

lending to, and investment in, small businesses and small manufacturers. 

SSBCI allows each State to design its own small business support programs in response 

to local economic conditions. SSBCI programs fall into two general categories - credit 

support programs and state-sponsored venture capital programs. States receive 

funding in three equal disbursements based on cumulative funds deployed.1

• States have drawn 98 percent of available funding: As of December 31, 2016, 

$1,433,739,156 out of $1,460,130,382 or 98 percent of total allocated funds was 

disbursed to the States.

2

 All 57 States received their first disbursement; 56 States 

received their second disbursement; 53 States received their third disbursement. 

The funds disbursed include $5,721,594 in reallocated3 funds distributed to 46 

Participating States in December 2016.

• States have deployed $1.6 billion to support small business financing: 

Through December 31, 2016, States deployed a total of $1,555,623,157. Of this 

total, $1,275,733,456 was from original SSBCI allocations and $279,889,701 was 

from recycled4 SSBCI funds. These funds support loans or investments to small 

businesses, including through financial institutions and intermediaries, and for 

administrative expenses related to the program.

• Most States have deployed their available funds to generate new 

financing: Through December 31, 2016, 32 States have deployed over 90 

percent of their allocated funds to support new small business loans or 

investments.

 1 SSBCI funds deployed are those legally expended, obligated, or transferred. This includes obligations to venture capital funds 

not yet linked to specific small business investments. As of 12/31/15, Venture Capital Programs reported that the amount of 

funds deployed was 21% greater ($71 million) than the amount expended to small businesses. The variance was due to SSBCI 

dollars that were obligated for investment in a business or to a venture capital fund but not yet expended to a specific small 

business.

2 Treasury approved applications from 47 states, the District of Columbia, five territories, and municipalities in three states

(collectively referred to as States).

3 Treasury reallocated funds that were deallocated from allocations prior to October 31, 2016, due to violations of the terms of 

the Allocation Agreement.

4 “Recycled” funds refer to program income, interest earned, or principal repayments that States deploy to support new 

transactions.
2

SSBCI at Work: Featured Businesses

Michigan: Beautiful Bridal Sets Up Shop in Detroit

Keasha Rigsby had nine 

years of experience 

consulting in a 

prestigious Manhattan 

boutique, but the high 

price of real estate in 

New York City made 

starting her own 

business there extremely 

difficult. So Keasha and 

her business partner 

turned to one of the 

most affordable 

metropolitan areas in the country, Detroit, to locate their new business venture, Beautiful Bridal, 

LLC. 

In 2015 the company acquired and renovated its new location, but still needed a loan for

working capital and inventory. As a new business, with little history and collateral, conventional 

commercial credit was not available. Beautiful Bridal turned to the Detroit Development Fund 

(DDF), a CDFI, for financing. DDF participates in the Michigan Economic Develop Corporation’s 

(MEDC’s) SSBCI-supported Loan Guaranty Program.

With an 80% guaranty from the MEDC program, DDF was able to provide Beautiful Bridal with 

the $100,000 loan it needed at an interest rate it could afford. With the working capital loan in 

place, Beautiful Bridal opened its doors in February of 2016.

According to John Schoeniger, DDF Loan Fund Manager, “Support from SSBCI allows Detroit 

Development Fund to provide growth capital to small businesses like Beautiful Bridal that would 

otherwise be unable to qualify for more traditional financing."
3

Minnesota: Providing Non-Emergency Medical 

Transportation

Family Care Transportation (FCT) is a minority, immigrant-owned firm that contracts with 

Minnesota health care plans to provide non-emergency medical transportation (NEMT) 

to medical, dental, and pharmacy appointments. FCT operates in the Twin Cities area as 

well as some locations in southern Minnesota, serving a customer base of low income 

seniors most of whom come from African refugee and immigrant populations. 

FCT has been in operation for 10 years, with 12 full-time employees and over 250 parttime drivers. In 2016 the business needed a working capital loan of $50,000 to hire 

more employees in anticipation of servicing a new contract. When banks were unwilling 

to finance the expansion, FCT turned to a local CDFI, the African Development Center 

(ADC). With a 50% participation from Minnesota’s SSBCI-funded Emerging 

Entrepreneur Fund, ADC was able to provide a $50,000 working capital loan and 

financial counseling. 

According to Nasibu Sareva, ADC’s Executive Director, “This was a good example of 

ADC’s dedication to the economic empowerment and success of African immigrants in 

the state of Minnesota.”
4

Montana: Expanding Pediatric Dental Care

Children’s Dentistry of the Rockies (CDR) provides dental care for children in Missoula 

and Western Montana. As demand for their services grew, the owners (Joseph and 

Elena Hylton) saw an opportunity to expand their business. However, to provide dental 

services to more children they would need to build a larger, state-of-the-art pediatric 

dental facility. 

To make the project economically feasible, CDR needed a 20-year, low interest, fixed 

rate loan of $900,000. When no commercial bank in the Missoula area could provide 

the type of financing needed, CDR turned to Montana CDC (a CDFI participating in 

Montana’s SSBCI program) for help. 

Working with First Montana Bank, Montana CDC used SSBCI funds to purchase a 

$450,000 participation in the loan at an interest rate lower than the bank’s rate. By 

blending the two interest rates, First Montana Bank was able to provide the borrower 

with the lower cost financing they needed to expand the business and optimize their 

cash flow.

“Since the expansion, Pediatric Dentistry of the Rockies has added 8 full-time jobs to the 

community, so Missoula has definitely seen some broader impacts from this loan,” says 

Mike Hawthorne, President of First Montana Bank. “The lower interest rate was a 

deciding factor for the Hyltons. The process was smooth and efficient.” 
5

North Dakota: Repairing Cars and Trucks of All Sizes 

Advanced Fleet Services is an automotive repair company located in Bismarck, North 

Dakota, that services cars and trucks of all sizes. When the owners and operators of the 

business, Terry and Diane Steckler, needed to build a new facility to handle the 

company’s growth, they did not have sufficient collateral to secure the $1.8 million 

construction loan. 

To solve the financing problem Advanced Fleet Services turned to the North Dakota 

Opportunity Fund (NDOF). NDOF provided $812,000 companion construction loan 

funded by SSBCI that was subordinate to the lead lender, improving the lead lender’s 

collateral position and making the construction loan possible.

The loan allowed the Stecklers to build a new facility with extra space which will lead to 

less down time and increase efficiencies. With the new building, the business plans to 

create 12 new jobs over the next two years.

According to Terry Steckler, “The North Dakota Opportunity Fund provided the 

necessary funding which made this project possible.”
6

Texas: Supporting Rural Entrepreneurs 

After driving routes for a national logistics company for four years, Gilberto Esparza 

pursued his lifelong dream of being his own boss. Despite obtaining a large, nationwide 

trucking contract, he was still a startup business in a risky industry with no revenue 

history and banks were reluctant to finance his truck purchase. 

With a PeopleFund loan through the Capital for Texas program, Gilberto was finally able 

to get financing he could afford, purchase his own truck and transition to an 

owner/operator. In addition to continuing his routes from the same logistics company 

he previously worked for, Gilberto is able to pursue additional contracts using his 

knowledge of the industry. 

“Gilberto’s story is one of many successes through the Capital for Texas program, which 

empowers rural entrepreneurs with affordable capital to grow their businesses. We’ve 

been able to help diverse entrepreneurs and families keep their business dreams alive 

while building their credit and business expertise,” said PeopleFund President & CEO, 

Gary Lindner. “This is a wonderful example of how federal and state governments 

collaborate with nonprofits and small business for maximum impact.”

“I could not have done it without the Capital for Texas loan. I’ll now be able to grow my 

business in a way I always wanted,” Gilberto replied when asked about the program. 

One day he hopes to expand his business and build a fleet of vehicles so he can create 

jobs and support international imports and exports. 
7

Figure 1.

Figure 2.

$0

$100

$200

$300

$400

$500

$600

$700

$800

$900

$1,000

$1,100

$1,200

$1,300

$1,400

$1,500

Millions

Disbursements of SSBCI Allocations 

(Cumulative through December 31, 2016)

1st Disbursement 2nd Disbursement 3rd Disbursement Reallocation

$0

$100

$200

$300

$400

$500

$600

$700

$800

$900

$1,000

$1,100

$1,200

$1,300

$1,400

$1,500

$1,600

Millions

SSBCI Funds Deployed

(Cumulative through December 31, 2016)

Allocation Deployed Recycled Funds Deployed
8

Figure 3.

Figure 4.

* For purposes of calculating percent of allocation deployed (expended, obligated or 

transferred), Treasury does not count any recycled SSBCI funds.

$0

$20

$40

$60

$80

$100

$120

$140

$160

Millions

Recycled

Funds

Deployed

Allocation

Deployed

Top 20 States by Dollars of SSBCI Funds Deployed

(Cumulative through December 31, 2016)

100% 100% 100% 100% 100% 100% 100% 100%

99.8% 99.8% 99.7% 99.6% 99.6% 99.5% 99.5% 99.5% 99.5% 99.5% 99.5% 99.5% 99.5%

95%

96%

97%

98%

99%

100%

Top 20 States by Percentage of SSBCI Funds Deployed*

(Cumulative through December 31, 2016)
9

Figure 5.

Figure 6.

* For purposes of calculating percent of allocation deployed (expended, obligated or 

transferred), Treasury does not count any recycled SSBCI funds.

$0

$5

$10

$15

$20

$25

$30

$35

$40

$45

Millions

Allocation

and

Recycled

Funds

Deployed

Top 20 States Year Over Year Change 

by Dollars of SSBCI Funds Deployed*

43%

38%

25% 24% 23% 21% 21% 21% 20% 18% 18% 15% 14% 14% 14% 13% 10% 9% 8% 8%

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

Top 20 States Year Over Year Change 

by Percentage of SSBCI Funds Deployed*
10

Figure 7.

Figure 8.

$40 m

$246 m

$269 m

$431 m

$474 m

$0 $100 $200 $300 $400 $500

CAP

Loan Guarantee

Collateral Support

Venture Capital

Loan Participation

Millions

Funds Allocated by Program Type 

(As of December 31, 2016)

91%

84% 88%

77%

59%

23%

1%

17%

48%

1%

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

110%

120%

130%

Loan Participation Venture Capital Collateral Support Loan Guarantee CAP

Recycled

Funds

Deployed

Allocation

Deployed

Percentage of SSBCI Funds Depoyed by Program Type

(Cumulative through December 31, 2016)
11

Figure 9.

* For purposes of calculating percent of allocation deployed (expended, obligated or 

transferred), Treasury does not count any recycled SSBCI funds.

Figure 10.

* SSBCI Allocation includes $5,721,594 in reallocated funds disbursed to 46 Participating 

States in December 2016.

100100100100100100100100

99.8

99.8

99.7

99.6

99.699.699.699.699.699.699.6

99.5

99.5

99

99

99

96

95

9595

95

94

94

93

88

87

87

85

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83

82

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78

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71

70

68

66

64

64

63

62

44

6

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

WY-L

SC

OR

PR

OK

NH

UT

ND-M

KS

VT

MA

ID

AR

CO

NC

TX

AZ

CT

MT

TN

HI

VA

IL

WV

GA

ND-C

KY

NE

MO

MI

NM

AL

MI

WA

IA

CA

NJ

NY

MN

SD

FL

OH

AK-A

PA

LA

VI

NV

GU

DE

DC

MD

ME

IN

RI

WI

MP

AS

Percentage of SSBCI Allocation Deployed by State*

(As of December 31, 2016)

$0

$20

$40

$60

$80

$100

$120

$140

$160

$180

WY-L

SC

OR

PR

OK

NH

UT

ND-M

KS

VT

MA

ID

AR

CO

NC

TX

AZ

CT

MT

TN

HI

VA

IL

WV

GA

ND-C

KY

NE

MO

MI

NM

AL

MI

WA

IA

CA

NJ

NY

MN

SD

FL

OH

AK-A

PA

LA

VI

NV

GU

DE

DC

MD

ME

IN

RI

WI

MP

AS

Millions

SSBCI Allocation Amount by State* 

(As of December 31, 2016)
12

Appendix A: States Sorted by Percentage of SSBCI Allocation Deployed*

(As of 12/31/2016)

# State Agreement 

Date

Allocated 

Amount**

Original SSBCI 

Allocation Deployed Percent Recycled Funds Deployed

Total Funds 

Deployed***

1 South Carolina 7/6/2011 $18,071,787 $18,071,787 100.0% $8,676,031 $26,747,818 

2 Oregon 8/29/2011 $16,590,901 $16,590,901 100.0% $820,926 $17,411,827 

3 Puerto Rico 10/6/2011 $14,605,823 $14,605,823 100.0% $12,010,800 $26,616,623 

4 Oklahoma 7/18/2011 $13,227,911 $13,227,911 100.0% $0 $13,227,911 

5 Wyoming, Laramie 12/4/2012 $13,168,350 $13,168,350 100.0% $1,081,336 $14,249,686 

6 New Hampshire 7/18/2011 $13,168,350 $13,168,350 100.0% $0 $13,168,350 

7 Utah 9/30/2011 $11,815,036 $11,815,036 100.0% $5,090,257 $16,905,293 

8 North Dakota, Mandan 8/31/2012 $9,734,641 $9,734,641 100.0% $3,827,772 $13,562,413 

9 Kansas 6/28/2011 $13,227,911 $13,200,180 99.8% $1,788,123 $14,988,303 

10 Vermont 5/23/2011 $13,227,911 $13,198,350 99.8% $5,410,634 $18,608,984 

11 Massachusetts 9/13/2011 $20,514,536 $20,445,073 99.7% $4,507,009 $24,952,081 

12 Idaho 8/29/2011 $13,195,667 $13,136,544 99.6% $11,283,145 $24,419,689 

13 Montana 7/18/2011 $12,819,143 $12,769,511 99.6% $0 $12,769,511 

14 Texas 8/15/2011 $46,764,445 $46,553,879 99.5% $1,699,156 $48,253,035 

15 North Carolina 5/23/2011 $46,269,657 $46,061,319 99.5% $9,428,341 $55,489,660 

16 Arizona 11/7/2011 $18,286,556 $18,204,217 99.5% $2,746,455 $20,950,672 

17 Colorado 10/11/2011 $17,311,437 $17,233,489 99.5% $3,916,802 $21,150,291 

18 Connecticut 7/14/2011 $13,361,288 $13,301,126 99.5% $0 $13,301,126 

19 Arkansas 10/31/2011 $13,227,911 $13,168,350 99.5% $2,248,865 $15,417,215 

20 Tennessee 10/4/2011 $29,806,278 $29,665,203 99.5% $0 $29,665,203 

21 Hawaii 5/27/2011 $13,227,911 $13,158,849 99.5% $0 $13,158,849 

22 Virginia 8/15/2011 $18,034,394 $17,873,938 99.1% $4,912,118 $22,786,056 

23 Illinois 7/26/2011 $78,719,715 $77,669,399 98.7% $9,924,875 $87,594,274 

24 West Virginia 11/18/2011 $13,227,911 $13,036,410 98.6% $1,667,710 $14,704,120 

25 Georgia 12/13/2011 $48,024,748 $46,258,341 96.3% $4,521,550 $50,779,891 

26 North Dakota, 9/28/2012 $3,433,709 $3,264,524 95.1% $300,000 $3,564,524 

27 Kentucky 7/28/2011 $15,558,051 $14,769,258 94.9% $0 $14,769,258 

28 Nebraska 10/4/2011 $13,168,350 $12,491,498 94.9% $1,803,786 $14,295,284 

29 Missouri 5/23/2011 $27,052,101 $25,561,999 94.5% $784,101 $26,346,100 

30 Michigan 7/6/2011 $79,515,777 $74,845,710 94.1% $28,211,491 $103,057,201 

31 New Mexico 10/11/2011 $13,227,911 $12,380,460 93.6% $1,813,962 $14,194,422 

32 Alabama 8/24/2011 $31,443,076 $29,356,118 93.4% $83,774,965 $113,131,083 

33 Mississippi 8/24/2011 $13,227,911 $11,611,426 87.8% $67,750 $11,679,176 

34 Washington 10/31/2011 $19,811,721 $17,269,143 87.2% $1,485,000 $18,754,143 

35 Iowa 8/30/2011 $13,123,161 $11,431,961 87.1% $0 $11,431,961 

36 California 5/19/2011 $168,399,074 $143,032,590 84.9% $10,810,455 $153,843,045 

37 New Jersey 9/22/2011 $33,895,151 $28,414,526 83.8% $575,243 $28,989,769 

38 New York 9/26/2011 $55,601,892 $45,851,624 82.5% $201,715 $46,053,339 

39 Minnesota 9/30/2011 $15,533,123 $12,694,738 81.7% $581,443 $13,276,181 

40 South Dakota 9/22/2011 $13,227,911 $10,704,682 80.9% $0 $10,704,682 

41 Florida 8/24/2011 $98,104,081 $79,185,145 80.7% $51,224,438 $130,409,583 

42 Ohio 9/2/2011 $55,358,150 $44,545,453 80.5% $0 $44,545,453 

43 Alaska, Anchorage 1/26/2012 $13,168,350 $10,249,081 77.8% $0 $10,249,081 

44 Pennsylvania 10/6/2011 $29,017,428 $21,926,750 75.6% $923,148 $22,849,898 

45 Louisiana 8/24/2011 $12,414,995 $9,349,479 75.3% $1,770,299 $11,119,777 

46 U.S. Virgin Islands 10/4/2011 $13,227,911 $9,919,657 75.0% $0 $9,919,657 

47 Nevada 9/30/2011 $13,793,599 $10,038,513 72.8% $0 $10,038,513 

48 Guam 9/30/2011 $13,227,911 $9,337,278 70.6% $0 $9,337,278 

49 Delaware 7/18/2011 $13,227,911 $9,234,413 69.8% $0 $9,234,413 

50 District of Columbia 8/15/2011 $13,227,911 $8,940,700 67.6% $0 $8,940,700 

51 Maryland 6/2/2011 $23,025,709 $15,262,644 66.3% $0 $15,262,644 

52 Maine 9/6/2011 $13,227,911 $8,488,030 64.2% $0 $8,488,030 

53 Indiana 5/27/2011 $34,494,392 $22,079,153 64.0% $0 $22,079,153 

54 Rhode Island 9/6/2011 $13,168,350 $8,263,147 62.8% $0 $8,263,147 

55 Wisconsin 9/22/2011 $22,363,554 $13,762,737 61.5% $0 $13,762,737 

56 Northern Mariana 3/14/2012 $12,733,082 $5,577,867 43.8% $0 $5,577,867 

57 American Samoa 2/14/2012 $10,500,000 $576,178 5.5% $0 $576,178 

TOTAL $1,460,130,382 $1,275,733,456 87.4% $279,889,701 $1,555,623,157

*Note: SSBCI funds deployed are those legally “expended, obligated, or transferred.”

**Note: The Total Allocated Amount may change from quarter to quarter due to modifications made to individual State allocations.

***Note: Includes funds Expended, Obligated, Transferred or used for Administrative Expenses.
13

Appendix B: States Sorted by Dollars of SSBCI Allocation Deployed*

(As of 12/31/2016)

# State Agreement 

Date

Allocated 

Amount**

Original SSBCI 

Allocation Deployed Percent Recycled Funds Deployed

Total Funds 

Deployed***

1 California 5/19/2011 $168,399,074 $143,032,590 84.9% $10,810,455 $153,843,045 

2 Florida 8/24/2011 $98,104,081 $79,185,145 80.7% $51,224,438 $130,409,583 

3 Alabama 8/24/2011 $31,443,076 $29,356,118 93.4% $83,774,965 $113,131,083 

4 Michigan 7/6/2011 $79,515,777 $74,845,710 94.1% $28,211,491 $103,057,201 

5 Illinois 7/26/2011 $78,719,715 $77,669,399 98.7% $9,924,875 $87,594,274 

6 North Carolina 5/23/2011 $46,269,657 $46,061,319 99.5% $9,428,341 $55,489,660 

7 Georgia 12/13/2011 $48,024,748 $46,258,341 96.3% $4,521,550 $50,779,891 

8 Texas 8/15/2011 $46,764,445 $46,553,879 99.5% $1,699,156 $48,253,035 

9 New York 9/26/2011 $55,601,892 $45,851,624 82.5% $201,715 $46,053,339 

10 Ohio 9/2/2011 $55,358,150 $44,545,453 80.5% $0 $44,545,453 

11 Tennessee 10/4/2011 $29,806,278 $29,665,203 99.5% $0 $29,665,203 

12 New Jersey 9/22/2011 $33,895,151 $28,414,526 83.8% $575,243 $28,989,769 

13 South Carolina 7/6/2011 $18,071,787 $18,071,787 100.0% $8,676,031 $26,747,818 

14 Puerto Rico 10/6/2011 $14,605,823 $14,605,823 100.0% $12,010,800 $26,616,623 

15 Missouri 5/23/2011 $27,052,101 $25,561,999 94.5% $784,101 $26,346,100 

16 Massachusetts 9/13/2011 $20,514,536 $20,445,073 99.7% $4,507,009 $24,952,081 

17 Idaho 8/29/2011 $13,195,667 $13,136,544 99.6% $11,283,145 $24,419,689 

18 Pennsylvania 10/6/2011 $29,017,428 $21,926,750 75.6% $923,148 $22,849,898 

19 Virginia 8/15/2011 $18,034,394 $17,873,938 99.1% $4,912,118 $22,786,056 

20 Indiana 5/27/2011 $34,494,392 $22,079,153 64.0% $0 $22,079,153 

21 Colorado 10/11/2011 $17,311,437 $17,233,489 99.5% $3,916,802 $21,150,291 

22 Arizona 11/7/2011 $18,286,556 $18,204,217 99.5% $2,746,455 $20,950,672 

23 Washington 10/31/2011 $19,811,721 $17,269,143 87.2% $1,485,000 $18,754,143 

24 Vermont 5/23/2011 $13,227,911 $13,198,350 99.8% $5,410,634 $18,608,984 

25 Oregon 8/29/2011 $16,590,901 $16,590,901 100.0% $820,926 $17,411,827 

26 Utah 9/30/2011 $11,815,036 $11,815,036 100.0% $5,090,257 $16,905,293 

27 Arkansas 10/31/2011 $13,227,911 $13,168,350 99.5% $2,248,865 $15,417,215 

28 Maryland 6/2/2011 $23,025,709 $15,262,644 66.3% $0 $15,262,644 

29 Kansas 6/28/2011 $13,227,911 $13,200,180 99.8% $1,788,123 $14,988,303 

30 Kentucky 7/28/2011 $15,558,051 $14,769,258 94.9% $0 $14,769,258 

31 West Virginia 11/18/2011 $13,227,911 $13,036,410 98.6% $1,667,710 $14,704,120 

32 Nebraska 10/4/2011 $13,168,350 $12,491,498 94.9% $1,803,786 $14,295,284 

33 Wyoming, Laramie 12/4/2012 $13,168,350 $13,168,350 100.0% $1,081,336 $14,249,686 

34 New Mexico 10/11/2011 $13,227,911 $12,380,460 93.6% $1,813,962 $14,194,422 

35 Wisconsin 9/22/2011 $22,363,554 $13,762,737 61.5% $0 $13,762,737 

36 North Dakota, Mandan 8/31/2012 $9,734,641 $9,734,641 100.0% $3,827,772 $13,562,413 

37 Connecticut 7/14/2011 $13,361,288 $13,301,126 99.5% $0 $13,301,126 

38 Minnesota 9/30/2011 $15,533,123 $12,694,738 81.7% $581,443 $13,276,181 

39 Oklahoma 7/18/2011 $13,227,911 $13,227,911 100.0% $0 $13,227,911 

40 New Hampshire 7/18/2011 $13,168,350 $13,168,350 100.0% $0 $13,168,350 

41 Hawaii 5/27/2011 $13,227,911 $13,158,849 99.5% $0 $13,158,849 

42 Montana 7/18/2011 $12,819,143 $12,769,511 99.6% $0 $12,769,511 

43 Mississippi 8/24/2011 $13,227,911 $11,611,426 87.8% $67,750 $11,679,176 

44 Iowa 8/30/2011 $13,123,161 $11,431,961 87.1% $0 $11,431,961 

45 Louisiana 8/24/2011 $12,414,995 $9,349,479 75.3% $1,770,299 $11,119,777 

46 South Dakota 9/22/2011 $13,227,911 $10,704,682 80.9% $0 $10,704,682 

47 Alaska, Anchorage 1/26/2012 $13,168,350 $10,249,081 77.8% $0 $10,249,081 

48 Nevada 9/30/2011 $13,793,599 $10,038,513 72.8% $0 $10,038,513 

49 U.S. Virgin Islands 10/4/2011 $13,227,911 $9,919,657 75.0% $0 $9,919,657 

50 Guam 9/30/2011 $13,227,911 $9,337,278 70.6% $0 $9,337,278 

51 Delaware 7/18/2011 $13,227,911 $9,234,413 69.8% $0 $9,234,413 

52 District of Columbia 8/15/2011 $13,227,911 $8,940,700 67.6% $0 $8,940,700 

53 Maine 9/6/2011 $13,227,911 $8,488,030 64.2% $0 $8,488,030 

54 Rhode Island 9/6/2011 $13,168,350 $8,263,147 62.8% $0 $8,263,147 

55 Northern Mariana 3/14/2012 $12,733,082 $5,577,867 43.8% $0 $5,577,867 

56 North Dakota, 9/28/2012 $3,433,709 $3,264,524 95.1% $300,000 $3,564,524 

57 American Samoa 2/14/2012 $10,500,000 $576,178 5.5% $0 $576,178 

TOTAL $1,460,130,382 $1,275,733,456 87.4% $279,889,701 $1,555,623,157

*Note: SSBCI funds deployed are those legally “expended, obligated, or transferred.”

**Note: The Total Allocated Amount may change from quarter to quarter due to modifications made to individual State allocations.

***Note: Includes funds Expended, Obligated, Transferred or used for Administrative Expenses.