In 1
1

Summary

On September 27, 2010, President Obama signed into law the Small Business Jobs Act of 

2010 (P.L. 111-240) (the Act), creating the State Small Business Credit Initiative (SSBCI). 

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 (e.g., loan guarantee or loan participation programs) and statesponsored venture capital programs. States receive funding in three equal 

disbursements based on cumulative funds deployed.1

• States have drawn 97 percent of available funding: As of September 30, 2016, 

$1,412,159,342 out of $1,454,915,056 or 97 percent of total allocated funds was 

disbursed to the States.

2

 All 57 States received their first disbursement; 56 States

received their second disbursement; 50 States received their third disbursement.

• States have deployed $1.5 billion to support small business financing: 

Through September 30, 2016, States deployed a total of $1,495,633,194. Of this 

total, $1,249,627,460 was from original SSBCI allocations and $246,005,734 was 

from recycled3 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.

• States have generated over $8 in new financing for every $1 in federal 

support: Through 2015, SSBCI operations have generated $8.02 in new small 

business lending or investing for every $1 of federal support.4

 1 SSBCI funds deployed are those legally expended (used to support loans or investments or for administrative expenses), 

obligated (legally committed to support loans or investments or for administrative expenses), or transferred (to a contracting 

entity as reimbursement of expenses incurred or to fund a loan or investment). 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 “Recycled” funds refer to program income, interest earned, or principal repayments that States deploy to support new 

transactions.

4 States report to Treasury the total deployment of funds on a quarterly basis and transaction-level detail, including private 

financing, on an annual basis. 
2

SSBCI at Work: Featured Businesses 

Colorado

Forest Ridge Senior Living, LLC: Providing Senior Care for Rural Residents

In 2011, local small business owner 

Robert Schleicher recognized the need 

for a modern skilled nursing facility in 

rural Teller County that could offer highquality skilled care and short-term 

rehabilitation in addition to assisted 

living facilities. However, the project 

lacked sufficient collateral resources to 

secure the financing.

Fortunately, the project qualified for 

Colorado’s SSBCI-funded Cash Collateral 

Support (CCS) program administered by 

the Colorado Housing and Finance 

Authority (CHFA). The cash collateral 

deposit of $1.85 million from the CCS 

program enabled Peoples National Bank 

to provide $11.3 million needed to 

complete the construction of the Forest 

Ridge project and provide the business 

with $2 million in operating lines of 

credit. The facility with 80 private rooms 

opened in June of 2016.

“It has always been important to give 

back and be integrated within the 

community. Forest Ridge Senior Living 

provides a quality place for residents to 

bring their loved ones closer to home. 

We also work closely with the hospital, 

which helps them better serve the 

community overall, and we’re bringing 

80-120 new jobs to the area. All of this 

would not be possible without CHFA and 

the CCS program,” said Schleicher.
3

New York

Improving Baby Bottles with a Revolutionary Design

New mom Priska Diaz was having a hard 

time feeding her newborn with a 

traditional baby bottle. Her experience 

led her to invent The Bare Bottle – a baby 

bottle that worked like a syringe to keep 

air out of the bottle and baby and start 

the company Bittylab. 

Bittylab struck a deal with large retailer 

but did not have the cash flow to cover 

the cost of producing enough product 

for the order. Diaz turned to Community 

Capital, a CDFI based in the Mid-Hudson 

Region, for financing.

The loan Diaz needed was large for 

Community Capital, so the CDFI 

partnered with the New York State 

Capital Access Program, funded by SSBCI. 

The small business loan allowed the 

company to fulfill the orders and The 

Bare Bottle is now available nationwide.

“I only had a couple of weeks left to 

come up with available funds or I was 

going to miss the shipment deadline, 

which meant Community Capital had to 

move really fast,” explained Diaz. “They 

[Community Capital] were easy to work 

with and provided the money so we were 

able to pay on time and get our 

merchandise to the warehouse with days 

to spare.” 
4

North Dakota

Protecting “Man’s Best Friend” from a Common Virus

Avianax, LLC is a biotechnology research 

company run by President Jim Schiltz, the 

owner of a large goose farm that was 

nearly wiped out by avian flu several 

years ago. Through this unfortunate 

event, Avianax was formed to develop 

antibodies and vaccines for viral, 

infectious diseases. Avianax has focused 

its sights on protecting dogs and puppies 

from the deadly parvovirus. 

To continue research on its product, 

parvoONE, the company needed 

$675,000 to purchase an egg inventory 

and provide working capital. The Red 

River Corridor Fund’s SSBCI Collateral 

Support Program was able to fill a 

financing gap gap with a $202,500 

collateral deposit. 

In field trials, approved by the USDA, 

parvoONE has been successful in 

reducing mortality rates and 

hospitalization time for dogs and 

puppies affected by the parvovirus. As a 

result of the SSBCI enabled financing 

Avianax has created seven jobs and 

retained three more.

"The collateral support provided by the 

Red River Corridor Fund was instrumental 

to financing the development of 

ParvoONE" said Schiltz. "This financing 

allowed us to continue the 

commercialization of this breakthrough 

biotechnology antibody treatment and 

soon deliver it to the market place to 

help save hundreds of thousands of 

beloved companion pets each year."
5

Pennsylvania

Saving Companies from Underground Utilities

Locating Utilities Infrastructure Services 

(LUIS) is a Philadelphia-based subsurface 

utility location business founded by Luis 

Berrios. The company provides services 

during the pre-construction phase of 

projects to locate buried gas, sewer, 

water, electrical, and communications 

lines. 

Like many small business owners, Berrios 

saw an opportunity to expand his 

business but did not have the economic 

resources to take advantage of it so he 

turned to the Economic Opportunities 

Fund (EOF). With the help of an SSBCIfinanced loan in 2012, Berrios was able 

to purchase the necessary equipment 

and perform as a sub-contractor for the 

Philadelphia Water Department (PWD). 

As part of PWD’s 25 year-long “Green 

City, Clean Waters” initiative, LUIS 

provided property owners with stormwater site evaluations. Sales more than 

doubled as a result. 

Overt time, PWD expanded its contract 

with LUIS and even enlisted Berrios to 

train other utility locators for them. 

With this expanded contract, Berrios 

plans to hire two more employees, 

doubling his workforce and further 

expand his company.
6

Figure 1.

Figure 2.

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$600

$700

$800

$900

$1,000

$1,100

$1,200

$1,300

$1,400

$1,500

Millions

Disbursements of SSBCI Allocations 

(Cumulative through September 30, 2016)

1st Disbursement 2nd Disbursement 3rd Disbursement

$0

$100

$200

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$600

$700

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$900

$1,000

$1,100

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Millions

SSBCI Funds Deployed

(Cumulative through September 30, 2016)

Allocation Deployed Recycled Funds Deployed
7

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 September 30, 2016)

100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 99.98% 99.8% 99.8% 99% 99% 99% 99%

80%

82%

84%

86%

88%

90%

92%

94%

96%

98%

100%

Top 20 States by Percentage of SSBCI Funds Deployed*

(Cumulative through September 30, 2016)

Top 20 States by Percentage of SSBCI Funds Deployed*

(Cumulative through September 30, 2016)
8

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

47%

33%

26% 25% 24% 22% 21% 21% 20% 20% 19% 18% 17% 17% 15% 14% 13% 12% 11% 11%

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

Top 20 States Year Over Year Change 

by Percentage of SSBCI Funds Deployed*
9

Figure 7.

Figure 8.

$41 m

$227 m

$266 m

$445 m

$475 m

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

CAP

Loan Guarantee

Collateral Support

Venture Capital

Loan Participation

Millions

Funds Allocated by Program Type 

(As of September 30, 2016)

89%

80%

87% 81%

53%

19%

1%

16%

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 September 30, 2016)
10

Figure 9.

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

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

Figure 10.

10010010010010010010010010010010010010099.999.899.8 99 99 99 99 98 98 97 97 95 94 94 94 94 94 90 88 87 87 85 83 81 81 81 80 79 78 76 74 73 72 72 70 70 68 64 62 60 60

55

35

6

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

TX

NC

MA

AZ

SC

CO

OR

PR

VT

AR

NH

CT

ID

TN

ND-M

MT

HI

VA

KS

WV

IL

UT

MO

WY-L

OK

MI

NE

NM

AL

KY

GA

MI

IA

ND-C

WA

NY

CA

SD

MN

FL

OH

AK-A

NJ

VI

LA

NV

PA

GU

DE

DC

IN

ME

MD

RI

WI

MP

AS

Percentage of SSBCI Allocation Deployed by State*

(As of September 30, 2016)

$0

$20

$40

$60

$80

$100

$120

$140

$160

$180

TX

NC

MA

AZ

SC

CO

OR

PR

VT

AR

NH

CT

ID

TN

ND-M

MT

HI

VA

KS

WV

IL

UT

MO

WY-L

OK

MI

NE

NM

AL

KY

GA

MI

IA

ND-C

WA

NY

CA

SD

MN

FL

OH

AK-A

NJ

VI

LA

NV

PA

GU

DE

DC

IN

ME

MD

RI

WI

MP

AS

Millions

SSBCI Allocation Amount by State 

(As of September 30, 2016)
11

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

(As of 09/30/2016)

# State Agreement 

Date

Allocated 

Amount**

Original SSBCI 

Allocation Deployed Percent Recycled Funds Deployed

Total Funds 

Deployed***

1 Texas 8/15/2011 $46,553,879 $46,553,879 100.0% $1,699,156 $48,253,035 

2 North Carolina 5/23/2011 $46,061,319 $46,061,319 100.0% $7,388,446 $53,449,765 

3 Massachusetts 9/13/2011 $20,445,072 $20,445,073 100.0% $3,468,417 $23,913,490 

4 Arizona 11/7/2011 $18,204,217 $18,204,217 100.0% $1,440,549 $19,644,766 

5 South Carolina 7/6/2011 $17,990,415 $17,990,415 100.0% $7,929,032 $25,919,447 

6 Colorado 10/11/2011 $17,233,489 $17,233,489 100.0% $3,350,842 $20,584,331 

7 Oregon 8/29/2011 $16,516,197 $16,516,197 100.0% $836,782 $17,352,979 

8 Puerto Rico 10/6/2011 $14,540,057 $14,540,057 100.0% $9,371,566 $23,911,623 

9 Vermont 5/23/2011 $13,168,350 $13,168,350 100.0% $5,410,634 $18,578,984 

10 Arkansas 10/31/2011 $13,168,350 $13,168,350 100.0% $2,084,215 $15,252,565 

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

12 Connecticut 7/14/2011 $13,301,126 $13,301,126 100.0% $0 $13,301,126 

13 Idaho 8/29/2011 $13,136,544 $13,136,544 100.0% $10,066,632 $23,203,176 

14 Tennessee 10/4/2011 $29,672,070 $29,664,820 99.98% $0 $29,664,820 

15 North Dakota, Mandan 8/31/2012 $9,734,641 $9,717,680 99.83% $3,425,733 $13,143,413 

16 Montana 7/18/2011 $12,765,037 $12,735,493 99.77% $0 $12,735,493 

17 Hawaii 5/27/2011 $13,168,350 $13,059,594 99.2% $0 $13,059,594 

18 Virginia 8/15/2011 $17,953,191 $17,790,273 99.1% $3,366,397 $21,156,670 

19 Kansas 6/28/2011 $13,168,350 $13,004,837 98.8% $1,538,123 $14,542,960 

20 West Virginia 11/18/2011 $13,168,350 $12,996,410 98.7% $1,407,710 $14,404,120 

21 Illinois 7/26/2011 $78,365,264 $76,633,399 97.8% $8,723,250 $85,356,649 

22 Utah 9/30/2011 $11,773,361 $11,503,331 97.7% $5,842,073 $17,345,404 

23 Missouri 5/23/2011 $26,930,294 $26,086,999 96.9% $784,101 $26,871,100 

24 Wyoming, Laramie 12/4/2012 $13,168,350 $12,729,981 96.7% $609,705 $13,339,686 

25 Oklahoma 7/18/2011 $13,168,350 $12,459,153 94.6% $0 $12,459,153 

26 Michigan 7/6/2011 $79,157,742 $74,708,130 94.4% $27,462,991 $102,171,121 

27 Nebraska 10/4/2011 $13,168,350 $12,391,517 94.1% $1,203,786 $13,595,303 

28 New Mexico 10/11/2011 $13,168,350 $12,380,460 94.0% $1,813,962 $14,194,422 

29 Alabama 8/24/2011 $31,301,498 $29,312,098 93.6% $73,341,802 $102,653,900 

30 Kentucky 7/28/2011 $15,487,998 $14,495,168 93.6% $0 $14,495,168 

31 Georgia 12/13/2011 $47,808,507 $43,183,398 90.3% $4,496,550 $47,679,948 

32 Mississippi 8/24/2011 $13,168,350 $11,611,426 88.2% $67,750 $11,679,176 

33 Iowa 8/30/2011 $13,065,020 $11,424,503 87.4% $0 $11,424,503 

34 North Dakota, 9/28/2012 $3,433,709 $2,975,774 86.7% $300,000 $3,275,774 

35 Washington 10/31/2011 $19,722,515 $16,743,637 84.9% $1,485,000 $18,228,637 

36 New York 9/26/2011 $55,351,534 $45,637,816 82.5% $198,274 $45,836,089 

37 California 5/19/2011 $167,755,641 $136,241,289 81.2% $11,181,655 $147,422,944 

38 South Dakota 9/22/2011 $13,168,350 $10,698,289 81.2% $0 $10,698,289 

39 Minnesota 9/30/2011 $15,463,182 $12,484,460 80.7% $421,818 $12,906,278 

40 Florida 8/24/2011 $97,662,349 $77,595,707 79.5% $42,525,574 $120,121,281 

41 Ohio 9/2/2011 $55,110,020 $43,559,201 79.0% $0 $43,559,201 

42 Alaska, Anchorage 1/26/2012 $13,168,350 $10,236,271 77.7% $0 $10,236,271 

43 New Jersey 9/22/2011 $33,760,698 $25,612,526 75.9% $575,243 $26,187,769 

44 U.S. Virgin Islands 10/4/2011 $13,168,350 $9,774,796 74.2% $0 $9,774,796 

45 Louisiana 8/24/2011 $12,366,058 $9,017,039 72.9% $1,278,818 $10,295,857 

46 Nevada 9/30/2011 $13,803,176 $9,998,367 72.4% $0 $9,998,367 

47 Pennsylvania 10/6/2011 $28,893,899 $20,730,193 71.7% $909,147 $21,639,340 

48 Guam 9/30/2011 $13,168,350 $9,284,778 70.5% $0 $9,284,778 

49 Delaware 7/18/2011 $13,168,350 $9,228,643 70.1% $0 $9,228,643 

50 District of Columbia 8/15/2011 $13,168,350 $8,940,700 67.9% $0 $8,940,700 

51 Indiana 5/27/2011 $34,339,074 $22,067,886 64.3% $0 $22,067,886 

52 Maine 9/6/2011 $13,168,350 $8,275,310 62.8% $0 $8,275,310 

53 Maryland 6/2/2011 $23,025,709 $13,762,644 59.8% $0 $13,762,644 

54 Rhode Island 9/6/2011 $13,168,350 $7,866,353 59.7% $0 $7,866,353 

55 Wisconsin 9/22/2011 $22,363,554 $12,340,703 55.2% $0 $12,340,703 

56 Northern Mariana 3/14/2012 $13,168,350 $4,602,867 35.0% $0 $4,602,867 

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

TOTAL $1,454,915,056 $1,249,627,460 85.9% $246,005,734 $1,495,633,194 

*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.
12

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

(As of 09/30/2016)

# State Agreement 

Date

Allocated 

Amount**

Original SSBCI 

Allocation Deployed Percent Recycled Funds Deployed

Total Funds 

Deployed***

1 California 5/19/2011 $167,755,641 $136,241,289 81.2% $11,181,655 $147,422,944 

2 Florida 8/24/2011 $97,662,349 $77,595,707 79.5% $42,525,574 $120,121,281 

3 Alabama 8/24/2011 $31,301,498 $29,312,098 93.6% $73,341,802 $102,653,900 

4 Michigan 7/6/2011 $79,157,742 $74,708,130 94.4% $27,462,991 $102,171,121 

5 Illinois 7/26/2011 $78,365,264 $76,633,399 97.8% $8,723,250 $85,356,649 

6 North Carolina 5/23/2011 $46,061,319 $46,061,319 100.0% $7,388,446 $53,449,765 

7 Texas 8/15/2011 $46,553,879 $46,553,879 100.0% $1,699,156 $48,253,035 

8 Georgia 12/13/2011 $47,808,507 $43,183,398 90.3% $4,496,550 $47,679,948 

9 New York 9/26/2011 $55,351,534 $45,637,816 82.5% $198,274 $45,836,089 

10 Ohio 9/2/2011 $55,110,020 $43,559,201 79.0% $0 $43,559,201 

11 Tennessee 10/4/2011 $29,672,070 $29,664,820 99.98% $0 $29,664,820 

12 Missouri 5/23/2011 $26,930,294 $26,086,999 96.9% $784,101 $26,871,100 

13 New Jersey 9/22/2011 $33,760,698 $25,612,526 75.9% $575,243 $26,187,769 

14 South Carolina 7/6/2011 $17,990,415 $17,990,415 100.0% $7,929,032 $25,919,447 

15 Massachusetts 9/13/2011 $20,445,072 $20,445,073 100.0% $3,468,417 $23,913,490 

16 Puerto Rico 10/6/2011 $14,540,057 $14,540,057 100.0% $9,371,566 $23,911,623 

17 Idaho 8/29/2011 $13,136,544 $13,136,544 100.0% $10,066,632 $23,203,176 

18 Indiana 5/27/2011 $34,339,074 $22,067,886 64.3% $0 $22,067,886 

19 Pennsylvania 10/6/2011 $28,893,899 $20,730,193 71.7% $909,147 $21,639,340 

20 Virginia 8/15/2011 $17,953,191 $17,790,273 99.1% $3,366,397 $21,156,670 

21 Colorado 10/11/2011 $17,233,489 $17,233,489 100.0% $3,350,842 $20,584,331 

22 Arizona 11/7/2011 $18,204,217 $18,204,217 100.0% $1,440,549 $19,644,766 

23 Vermont 5/23/2011 $13,168,350 $13,168,350 100.0% $5,410,634 $18,578,984 

24 Washington 10/31/2011 $19,722,515 $16,743,637 84.9% $1,485,000 $18,228,637 

25 Oregon 8/29/2011 $16,516,197 $16,516,197 100.0% $836,782 $17,352,979 

26 Utah 9/30/2011 $11,773,361 $11,503,331 97.7% $5,842,073 $17,345,404 

27 Arkansas 10/31/2011 $13,168,350 $13,168,350 100.0% $2,084,215 $15,252,565 

28 Kansas 6/28/2011 $13,168,350 $13,004,837 98.8% $1,538,123 $14,542,960 

29 Kentucky 7/28/2011 $15,487,998 $14,495,168 93.6% $0 $14,495,168 

30 West Virginia 11/18/2011 $13,168,350 $12,996,410 98.7% $1,407,710 $14,404,120 

31 New Mexico 10/11/2011 $13,168,350 $12,380,460 94.0% $1,813,962 $14,194,422 

32 Maryland 6/2/2011 $23,025,709 $13,762,644 59.8% $0 $13,762,644 

33 Nebraska 10/4/2011 $13,168,350 $12,391,517 94.1% $1,203,786 $13,595,303 

34 Wyoming, Laramie 12/4/2012 $13,168,350 $12,729,981 96.7% $609,705 $13,339,686 

35 Connecticut 7/14/2011 $13,301,126 $13,301,126 100.0% $0 $13,301,126 

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

37 North Dakota, Mandan 8/31/2012 $9,734,641 $9,717,680 99.83% $3,425,733 $13,143,413 

38 Hawaii 5/27/2011 $13,168,350 $13,059,594 99.2% $0 $13,059,594 

39 Minnesota 9/30/2011 $15,463,182 $12,484,460 80.7% $421,818 $12,906,278 

40 Montana 7/18/2011 $12,765,037 $12,735,493 99.77% $0 $12,735,493 

41 Oklahoma 7/18/2011 $13,168,350 $12,459,153 94.6% $0 $12,459,153 

42 Wisconsin 9/22/2011 $22,363,554 $12,340,703 55.2% $0 $12,340,703 

43 Mississippi 8/24/2011 $13,168,350 $11,611,426 88.2% $67,750 $11,679,176 

44 Iowa 8/30/2011 $13,065,020 $11,424,503 87.4% $0 $11,424,503 

45 South Dakota 9/22/2011 $13,168,350 $10,698,289 81.2% $0 $10,698,289 

46 Louisiana 8/24/2011 $12,366,058 $9,017,039 72.9% $1,278,818 $10,295,857 

47 Alaska, Anchorage 1/26/2012 $13,168,350 $10,236,271 77.7% $0 $10,236,271 

48 Nevada 9/30/2011 $13,803,176 $9,998,367 72.4% $0 $9,998,367 

49 U.S. Virgin Islands 10/4/2011 $13,168,350 $9,774,796 74.2% $0 $9,774,796 

50 Guam 9/30/2011 $13,168,350 $9,284,778 70.5% $0 $9,284,778 

51 Delaware 7/18/2011 $13,168,350 $9,228,643 70.1% $0 $9,228,643 

52 District of Columbia 8/15/2011 $13,168,350 $8,940,700 67.9% $0 $8,940,700 

53 Maine 9/6/2011 $13,168,350 $8,275,310 62.8% $0 $8,275,310 

54 Rhode Island 9/6/2011 $13,168,350 $7,866,353 59.7% $0 $7,866,353 

55 Northern Mariana 3/14/2012 $13,168,350 $4,602,867 35.0% $0 $4,602,867 

56 North Dakota, 9/28/2012 $3,433,709 $2,975,774 86.7% $300,000 $3,275,774 

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

TOTAL $1,454,915,056 $1,249,627,460 85.9% $246,005,734 $1,495,633,194 

*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.