State Small Business Credit Initiative

Data Documentation

• state_id

This data field was created by U.S. Department of the Treasury (Treasury) State Small Business 

Credit Initiative (SSBCI) staff, and is an abbreviation of the data field “state-name” reported by 

all Participating States1 for all transactions from program inception in 2011 through December 

31, 2016.

• state_name

This data field was reported by all Participating States for all transactions from program 

inception in 2011 through December 31, 2016, and is the name of the state participating in 

SSBCI reporting the transaction.

• year_reported

This data field was reported by all Participating States for all transactions from program 

inception in 2011 through December 31, 2016, and is the year of annual transaction reporting in 

which the transaction was reported to Treasury.

• program_name

This data field was reported by all Participating States for all transactions from program 

inception in 2011 through December 31, 2016, and is the name of the state’s program that 

Treasury approved for participation in SSBCI.

• program_type

This data field was reported by all Participating States for all transactions from program 

inception in 2011 through December 31, 2016, and is the type of SSBCI-approved program, 

which included Capital Access, Collateral Support, Loan Guarantee, Loan Participation, and 

Venture Capital.

• unique_id

This data field was created by Treasury SSBCI staff for all transaction reported by Participating 

States from program inception in 2011 through December 31, 2016, and was created to replace 

the unique identifiers that Participating States submitted to Treasury in their annual reporting, 

which occasionally included sensitive information. For more information on why this data field 

was suppressed and replaced, please see the SSBCI Data Release Protocol. This data field was 

created using the following formula: 

[state_id]_[year_reported]_[abbreviation of program_type]_[number assigned in chronological 

order of transaction based on disbursement_date data field within the given year_reported and 

program_type]

 1 Treasury awarded funding to 47 states, four municipalities within the remaining three states, the 

District of Columbia and all five U.S. Territories, known collectively as Participating States
In this formula, “abbreviation of program_type” was an abbreviation that was created for each 

of the SSBCI-approved program types as cited in the “program_type” data field. Capital Access 

was abbreviated to “CAP”; Collateral Support was abbreviated to “CSP”; Loan Guarantee was 

abbreviated to “LGP”; Loan Participation was abbreviated to “LPP”; and Venture Capital was 

abbreviated to “VCP”. An alphanumeric or numeric code that is unique to each transaction in 

the state.

• disbursement_date

This data field was reported by all Participating States for all transactions from program 

inception in 2011 through December 31, 2016, and is the date of the loan/line of credit or 

investment closing.

• loan_investment_amount

This data field was reported by all Participating States for all transactions from program 

inception in 2011 through December 31, 2016, and is the principal amount of the loan or 

investment supported with SSBCI funds. This amount does not include any subsequent private 

financing associated with the loan or investment and any private financing associated with, but 

separate from, the SSBCI-supported loan or investment.

• ssbci_original_funds

This data field was reported by all Participating States for all transactions from program 

inception in 2011 through December 31, 2016, and is the amount of SSBCI original funds 

expended. For CAP programs, this is the amount paid out of SSBCI funds to cover the Approved 

State Program's contribution to the CAP reserve fund. For Loan Participation or 'direct lending 

programs', this is the amount paid out of SSBCI dollars, of the Approved State Program’s 

participation in the loan. If the deal is structured as two companion loans - one from the private 

sector, and one (upon which private sector financing is contingent) from the Approved State 

Program - then it is the value of the SSBCI-supported companion loan. For Loan Guarantee 

programs, this is the amount, paid for out of SSBCI dollars, actually set aside to cover the 

guarantee obligation. For Collateral Support programs, this is the amount set aside to cover the 

collateral support obligation. For VC programs, this is the amount invested by state-run venture 

capital program, or a fund in which the state-run venture capital program has invested, using 

SSBCI funds.

• nonprivate_amount

This data field was reported by all Participating States for all transactions from program 

inception in 2011 through December 31, 2016, and is the amount of any public subsidy 

associated with the enrolled loan or investment that is from any source other than SSBCI.

• concurrent_private_financing

This data field was added to the required annual reporting template in 2013 in order to 

differentiate additional private financing occurring outside of but concurrent to the SSBCI 

transaction from additional private financing occurring outside of and subsequent to the SSBCI 

transaction. This data field was reported by all Participating States for all transactions from 

January 1, 2013 through December 31, 2016, and is the amount of any private financing 

associated with, but separate from, the enrolled loan or SSBCI-supported investment.
• borrower_insurance_premium

This data field was required exclusively for Capital Access Programs, and was reported by all 

Participating States for all transactions within Capital Access Programs from program inception 

in 2011 through December 31, 2016. This data field is the amount paid by the borrower to cover 

the borrower’s contribution to the CAP reserve fund.

• lender_insurance_premium

This data field was required exclusively for Capital Access Programs, and was reported by all 

Participating States for all transactions within Capital Access Programs from program inception 

in 2011 through December 31, 2016. This data field is the amount paid by the lender to cover 

the lender’s contribution to the CAP reserve fund.

• guaranteed_amount

This data field was required exclusively for Loan Guarantee Programs, and was reported by all 

Participating States for all transactions within Loan Guarantee Programs from program inception 

in 2011 through December 31, 2016. This data field is the full value of the loan guarantee.

• collateral_support

This data field was required exclusively for Collateral Support Programs, and was reported by all 

Participating States for all transactions within Collateral Support Programs from program 

inception in 2011 through December 31, 2016. This data field is the full amount of the collateral 

support obligation.

• ssbci_recycled_funds

This data field was reported by all Participating States for all transactions from program 

inception in 2011 through December 31, 2016, and is the funds used for the reported loan or 

investment which came to the state in the form of program income, interest earned, or principal 

repayments and funds that have been previously loaned or invested.

• subsequent_private_financing

This data field was reported by all Participating States for all transactions from program 

inception in 2011 through December 31, 2016, and is the total amount of private financing 

received after closing that is caused by, or resulting from, the initial SSBCI-supported financing, 

which is only applicable only to loan participation and venture capital programs. Note that in 

2011 and 2012, the data field “concurrent_private_financing” did not exist, and for those two 

years, Participating States may have reported data that more accurately fits under 

“concurrent_private_financing” under “subsequent_private_financing”. 

• census_tract

This data field was reported by all Participating States for all transactions from program 

inception in 2011 through December 31, 2016, and is the census tract of the eligible small 

business receiving the SSBCI loan or investment. This data field has been removed prior to data 

publication; see SSBCI Data Release Protocol for more details.
• zip_code

This data field was reported by all Participating States for all transactions from program 

inception in 2011 through December 31, 2016, and is the 5-digit zip code of the eligible small 

business receiving the SSBCI loan or investment.

• metro_type

This data field was created by Treasury SSBCI staff that used the data reported under the 

“census_tract” data field to identify whether or not the transaction was in a “metro” or “nonmetro” area. The “metro”/ “non-metro” designation of the county of investment as defined by 

the Office of Management and Budget (OMB) based on the 2010 Census Survey. Counties 

containing a core urban area of 50,000 or more in population are designated as metropolitan 

(“metro”), and all other counties (micropolitan or rural) as non-metropolitan (“non-metro”).

• LMI_type

This data field was created by Treasury SSBCI staff that used the data reported under the 

“census_tract” data field to identify whether or not the transaction was in a LMI area. LMI 

indicates census tracts that fall in the “Low and Moderate Income” categorizations, based on 

the 2010 Census Bureau's 5-year American Community Survey. "Low income” households earn 

less than 50 percent of area median income. “Moderate income” households earn between 50 

percent and 80 percent of area median income. Non-LMI indicates an income level greater than 

80% of the area median income.

• revenue

This data field was reported by all Participating States for all transactions from program 

inception in 2011 through December 31, 2016, and is the borrower’s/investee’s annual revenues 

for the most recent fiscal year as of the reporting year end.

• full_time_employees

This data field was reported by all Participating States for all transactions from program 

inception in 2011 through December 31, 2016, and is the borrower’s/investee’s Full Time 

Equivalent employees, rounded to the nearest whole number, at the time of loan or investment 

closing.

• naics_code

This data field was reported by all Participating States for all transactions from program 

inception in 2011 through December 31, 2016, and is the 2012 North American Industry 

Classification System (NAICS) codes for the borrower’s/investee’s industry.

• year_incorporated

This data field was reported by all Participating States for all transactions from program 

inception in 2011 through December 31, 2016, and is the year the business was incorporated. If 

the business had not been incorporated, this is the year the business opened.
• jobs_created

This data field was reported by all Participating States for all transactions from program 

inception in 2011 through December 31, 2016, and is the number of new Full-Time Equivalent 

jobs expected to be created as a direct result of the loan or investment. These jobs must be 

expected to materialize in no more than 2 years from the date of the loan or investment closing.

• jobs_retained

This data field was reported by all Participating States for all transactions from program 

inception in 2011 through December 31, 2016, and is the number of Full-Time Equivalent (FTE) 

jobs retained as a direct result of the loan or investment. For all start-up companies receiving 

SSBCI investments, this must be zero.

• trans_type

This data field was created by Treasury SSBCI staff to indicate whether the transaction is a loan 

or investment. This data field is based off of the data field “program_type” where all 

transactions in the Capital Access, Collateral Support, Loan Guarantee and Loan Participation 

programs are classified as “Loan” and all transactions in the Venture Capital programs are 

classified as “Investment.” This classification was conducted on all transactions reported by 

Participating States from program inception in 2011 through December 31, 2016.

• lender_name

This data field was reported by all Participating States for all transactions from program 

inception in 2011 through December 31, 2016, and is the name of the private lending institution 

or lender making the loan that is guaranteed, insured, or otherwise enhanced with SSBCI funds. 

If the state is making a companion loan using SSBCI funds, the state enters the name of the 

private lender making the private companion loan to the borrower as part of the same 

transaction. For approved venture capital programs, states are not required to report the names 

of investors and venture capital firms providing the private capital at risk in the investment.

• lender_ein

This data field was reported by all Participating States for all transactions from program 

inception in 2011 through December 31, 2016, and is the lender’s entity identification number 

(EIN) or tax ID number. This data field is not applicable to approved state-run venture capital 

programs. This data field has been removed prior to data publication; see SSBCI Data Release 

Protocol for more details. 

• lender_regulatory_id

This data field was reported by all Participating States for all transactions from program 

inception in 2011 through December 31, 2016, and is the is the lender’s regulatory ID number: 

CDFI#### - For certified CDFIs, FDIC#### - For FDIC regulated institutions, NCUA#### - For NCUA 

regulated institutions, OTHER - For non-financial lenders or other lenders whose regulatory IDs 

are not known (This data field is not applicable to venture capital programs.) This data field has 

been removed prior to data publication; see SSBCI Data Release Protocol for more details.
• lender_type

This data field was created by Treasury SSBCI staff to indicate whether the lender is a Bank, 

Credit Union, or Other type of lending institution, based on the data reported under the data 

field “lender_regulatory_id”.

• lender_type_category

This data field was created by Treasury SSBCI staff to indicate whether the lender is a Bank or 

Thrift, Credit Union, Depository Institution Holding Company, Loan Fund, Venture Capital Fund, 

or Other type of lending institution, based on the data reported under the data field 

“lender_regulatory_id”.

• CDFI_type

This data field was created by Treasury SSBCI staff to indicate whether the lender is a 

Community development financial institutions certified by the Community Development 

Financial Institutions Fund (CDFI Fund) at the U.S. Department of the Treasury, based on the 

data reported under the data field “lender_regulatory_id”.

• MDI_type

This data field was created by Treasury SSBCI staff to indicate whether the lender is a Minority 

Depository Institution, based on the data reported under the data field “lender_regulatory_id”.

• VC_cat

This data field was created by Treasury SSBCI staff to indicate the program investment strategy 

for transactions in Venture Capital programs, based on the data field “program_name.” Each 

SSBCI Venture Capital program was classified as one of the following: State Sponsored Entity 

(SSE), Fund, Co-Investment Model, or State Agency. Definitions and further elaboration on these 

classifications can be found in the SSBCI Program Evaluation Report.

• optional_woman_owned

This data field is part of Treasury’s optional data collection, conducted in parallel with the 2016 

annual reporting, in which Treasury requested Participating States to report this data field for all 

transactions from program inception in 2011 through December 31, 2016, though reporting on 

this data field was optional. Treasury requested that Participating States report whether or not 

the business receiving financing in the transaction is women-owned, and provided the 

Participating States with the following definition: women-owned business is a business concern 

that is at least 51 percent owned by one of more women; or, in the case of any publicly owned 

business, at least 51 percent of the stock of which is owned by one or more women; and whose 

management and daily business operations are controlled by one or more women.

• optional_minority_owned

This data field is part of Treasury’s optional data collection, conducted in parallel with the 2016 

annual reporting, in which Treasury requested Participating States to report this data field for all 

transactions from program inception in 2011 through December 31, 2016, though reporting on 

this data field was optional. Treasury requested that Participating States report whether or not 
the business receiving financing in the transaction is minority-owned, and provided the 

Participating States with the following definition: minority-owned business is a business concern 

that is at least 51 percent owned by one or more (in combination) of the following ethnic 

minorities: Black Americans, Hispanic Americans, Native Americans, Asian Pacific Americans, and 

Sub Continent Asian American; or, in the case of any publicly owned business, at least 51 

percent of the stock of which is owned by one or more ethnic minority; and whose management 

and daily business operations are controlled by one or more ethnic minority.

• optional_veteran_owned

This data field is part of Treasury’s optional data collection, conducted in parallel with the 2016 

annual reporting, in which Treasury requested Participating States to report this data field for all 

transactions from program inception in 2011 through December 31, 2016, though reporting on 

this data field was optional. Treasury requested that Participating States report whether or not 

the business receiving financing in the transaction is veteran-owned, and provided the 

Participating States with the following definition: veteran-owned business is a business concern 

that is at least 51 percent owned by one or more veterans, or in the case of any publicly owned 

business, at least 51 percent of the stock of which is owned by one or more veterans; the 

management and daily business operations of which are controlled by one or more veterans. All 

service-disabled veteran-owned business concerns are also, by definition, veteran-owned 

business concerns. Veteran is a person who served on active duty with the U.S. Army, Air Force, 

Navy, Marine Corps or Coast Guard, for any length of time and at any place and who was 

discharged or released under conditions other than dishonorable. Reservists or members of the 

National Guard called to Federal active duty or disabled from a disease or injury incurred or 

aggravated in line of duty while in training status also qualify as a veteran.

• optional_FTE

This data field is part of Treasury’s optional data collection, conducted in parallel with the 2016 

annual reporting, in which Treasury requested Participating States to report this data field for all 

transactions from program inception in 2011 through December 31, 2016, though reporting on 

this data field was optional. Treasury requested that Participating States report the 

borrower’s/investee’s Full Time Equivalent employees, rounded to the nearest whole number, 

verified by the Participating State’s operating entity.

• optional_FTE_yr_confirmed

This data field is part of Treasury’s optional data collection, conducted in parallel with the 2016 

annual reporting, in which Treasury requested Participating States to report this data field for all 

transactions from program inception in 2011 through December 31, 2016, though reporting on 

this data field was optional. Treasury requested that Participating States report the year at 

which the Participating State’s operating entity last verified the borrower/investee reported 

number of FTEs.

• optional_primary_use_of_funds

This data field is part of Treasury’s optional data collection, conducted in parallel with the 2016 

annual reporting, in which Treasury requested Participating States to report this data field for all 
transactions from program inception in 2011 through December 31, 2016, though reporting on 

this data field was optional. Treasury requested that Participating States report the primary 

purpose the financing was used for by the borrower/investee: wages, working capital and 

professional services; Purchase equipment; fund construction costs; purchase real estate; or 

refinance.

• optional_revenue

This data field is part of Treasury’s optional data collection, conducted in parallel with the 2016 

annual reporting, in which Treasury requested Participating States to report this data field for all 

transactions from program inception in 2011 through December 31, 2016, though reporting on 

this data field was optional. Treasury requested that Participating States report the dollar 

amount of gross annual revenues from most recent fiscal year, verified by the Participating 

State’s operating entity.

• optional_revenue_yr_confirmed

This data field is part of Treasury’s optional data collection, conducted in parallel with the 2016 

annual reporting, in which Treasury requested Participating States to report this data field for all 

transactions from program inception in 2011 through December 31, 2016, though reporting on 

this data field was optional. Treasury requested that Participating States report the year at 

which the Participating State’s operating entity last verified the borrower/investee gross annual 

revenues.

• optional_active

This data field is part of Treasury’s optional data collection, conducted in parallel with the 2016 

annual reporting, in which Treasury requested Participating States to report this data field for all 

transactions from program inception in 2011 through December 31, 2016, though reporting on 

this data field was optional. Treasury requested that Participating States report yes/no indicator 

as to whether the business was actively operating as of 12/31/2017. If no, Participating States 

were asked to select explanation in the column identified as “Explanation for it ‘no'". If 

unknown, Participating States were asked to explain in column identified as “Explanation for if 

‘unknown'".

• optional_active_no

This data field is part of Treasury’s optional data collection, conducted in parallel with the 2016 

annual reporting, in which Treasury requested Participating States to report this data field for all 

transactions from program inception in 2011 through December 31, 2016, though reporting on 

this data field was optional. Treasury requested that Participating States indicate the 

explanation if the answer to “Business actively operating as of 12/31/2016” is “no”. Explanation 

options were: Loss, Bankrupt, Moved, Sold, Exit.

• optional_active_unknown

This data field is part of Treasury’s optional data collection, conducted in parallel with the 2016 

annual reporting, in which Treasury requested Participating States to report this data field for all 

transactions from program inception in 2011 through December 31, 2016, though reporting on 
this data field was optional. Treasury requested that Participating States indicate the 

explanation if the answer to “Business actively operating as of 12/31/2016 is “unknown”. 

Explanation options were: Attempted to confirm operations, but unable; did not attempt to 

confirm operations.

• optional_dollars_lost

This data field is part of Treasury’s optional data collection, conducted in parallel with the 2016 

annual reporting, in which Treasury requested Participating States to report this data field for all 

transactions from program inception in 2011 through December 31, 2016, though reporting on 

this data field was optional. Treasury requested that Participating States report the dollar 

amount of SSBCI funds that were lost. In Capital Access, Collateral Support, Loan Guarantee, and 

Loan Participation programs, this was the SSBCI dollar amount that had been written off. Due to 

the nature of equity financing, no conclusive information can be provided on how Participating 

States interpreted this field with respect to Venture Capital programs, where some may have 

provided net valuations on of all investments, and others may have provided only the dollar 

amount of negative valuations subsequent to investment. 

• optional_business_EIN

This data field is part of Treasury’s optional data collection, conducted in parallel with the 2016 

annual reporting, in which Treasury requested Participating States to report this data field for all 

transactions from program inception in 2011 through December 31, 2016, though reporting on 

this data field was optional. Treasury requested that Participating States report the Employer 

Identification Number (EIN) of the business receiving SSBCI financing. This data field was 

removed prior to publication. For further information, please see the SSBCI Data Release 

Protocol. 

• optional_business_name

This data field is part of Treasury’s optional data collection, conducted in parallel with the 2016 

annual reporting, in which Treasury requested Participating States to report this data field for all 

transactions from program inception in 2011 through December 31, 2016, though reporting on 

this data field was optional. Treasury requested that Participating States report the name of the 

business receiving SSBCI financing. This data field was removed prior to publication. For further 

information, please see the SSBCI Data Release Protocol. 

• optional_business_street_address

This data field is part of Treasury’s optional data collection, conducted in parallel with the 2016 

annual reporting, in which Treasury requested Participating States to report this data field for all 

transactions from program inception in 2011 through December 31, 2016, though reporting on 

this data field was optional. Treasury requested that Participating States report the street 

address of the business receiving SSBCI financing. This data field was removed prior to 

publication. For further information, please see the SSBCI Data Release Protocol. 
• optional_business_city

This data field is part of Treasury’s optional data collection, conducted in parallel with the 2016 

annual reporting, in which Treasury requested Participating States to report this data field for all 

transactions from program inception in 2011 through December 31, 2016, though reporting on 

this data field was optional. Treasury requested that Participating States report the city of the 

business receiving SSBCI financing.

• optional_business_state

This data field is part of Treasury’s optional data collection, conducted in parallel with the 2016 

annual reporting, in which Treasury requested Participating States to report this data field for all 

transactions from program inception in 2011 through December 31, 2016, though reporting on 

this data field was optional. Treasury requested that Participating States report the state of the 

business receiving SSBCI financing.

• optional_coinvestment_source

This data field is part of Treasury’s optional data collection, conducted in parallel with the 2016 

annual reporting, in which Treasury requested Participating States to report this data field for all 

transactions from program inception in 2011 through December 31, 2016, though reporting on 

this data field was optional. Treasury requested that Participating States indicate the primary 

source of co-investment for VC investments: Angel, In-state VC fund, Out-of-state VC fund, Bank 

or Financial Institution.

• optional_stage

This data field is part of Treasury’s optional data collection, conducted in parallel with the 2016 

annual reporting, in which Treasury requested Participating States to report this data field for all 

transactions from program inception in 2011 through December 31, 2016, though reporting on 

this data field was optional. Treasury requested that Participating States indicate the company 

stage at the time of the transaction date for VC investments: Pre-seed, Seed, Early Stage, 

Growth, or Mezzanine.