State Small Business Credit Initiative

What is the State Small Business Credit Initiative?

The State Small Business Credit Initiative (SSBCI) is a program that was re-funded under the American Rescue Plan Act intended to “fund state, territory, and Tribal government small business credit support and investment programs.” The initial program funded in 2010 was only open to States.  Now, Tribes are eligible to access this funding stream. 

Applications are due October 31, 2022 (Updated 8/26/22)

Click here to read the memo on the latest deadline extension.

Department of Treasury has a lot of information on their website about the SSBCI Program. You can also email to sign up for the weekly bulletin, get in contact with your Tribal Government’s point-of-contact, and ask questions about the SSBCI program.

ATNI-EDC is here to help!

We understand that the SSBCI program may be challenging for Tribes to administer on their own.  But it can mean a boon of financial resources in our communities to support Tribal enterprises and Tribal entrepreneurs! There are several ways that ATNI-EDC can support your SSBCI application.

  • ATNI-EDC Regional SSBCI Strategy:  ATNI-EDC has formed a regional consortium of Tribes where ATNI-EDC will act as program administrator. In light of the recent deadline extension, we encourage ATNI Member Tribes to contact us as soon as possible by emailing Casey Pearlman at
  • ATNI-EDC as Lender:  For Tribes that are standing up their own SSBCI program, ATNI-EDC can be a lender through our CDFI, ATNI Financial Services. 
  • SSBCI Regional Calls: We have set up weekly calls to discuss the SSBCI initiative.  We use that time to discuss our regional strategy, answer questions, and learn how we can be useful in supporting your strategy.  The calls take place on Tuesday mornings at 9 am. To join, please email Casey at
  • Other Support:  If there’s anything else that ATNI-EDC can provide to support your SSBCI strategy, please let us know! 

ATNI-EDC Regional Strategy

ATNI-EDC is developing a regional strategy to support Tribes that wish to participate in the SSBCI program.  We have been working with various consultants to develop the regional strategy to support ATNI Tribal enterprises and Tribal-citizen owned businesses.  ATNI-EDC can be named the administrator for Tribes that wish to access these resources, but may not have the capacity to stand up their own program. You can download a presentation summary of the strategy by clicking here.

We are going to deploy 3 programs: 

  • Loan Participation to support small businesses
  • Loan participation to support bridge financing for tribal enterprise projects
  • 80% loan guarantee

To join the Regional Strategy

  • Contact us by emailing Casey Pearlman at
  • Complete a non-binding Interest Form
  • Provide a Tribal Government Resolution or other authority that names ATNI-EDC as the Tribes SSBCI administrator as soon as possible (contact ATNI-EDC for examples)
  • Complete Deployment Questionnaire

Advantages to Joining the ATNI-EDC Regional SSBCI Strategy

  • Little-to-no Admin: ATNI-EDC will be responsible for the application, development of the strategy, deploying the strategy, and managing the relationship with Department of Treasury (including providing reports).  At the conclusion of the program (around 10 years), Tribes will have the option of getting their deployed SSBCI funds returned with no restrictions on the funds.
  • More Dollars to support Regional Tribal Businesses: If you’re vacillating between engaging in the ATNI-EDC strategy and not putting in an application at all, then we encourage the former!  That will give us a larger pot of funds to deploy our strategy and support Tribal enterprises and Tribal entrepreneurs in the ATNI Region.
  • Capital to Your Tribe’s Businesses: It is a high priority for us to ensure that these funds are used to support your Tribe’s Tribal enterprise projects and Tribal citizen entrepreneurs.  We will work with you to develop a pipeline of deals and ensure that Capital is available for these purposes.
  • Offer Lower Interest Rates:  We will work with lenders to provide a lower blended interest rate, especially on capital intensive projects.  We can do this by keeping our interest rates low and having the participating lender pass along those savings.
  • Don’t need to Update Your Loan Policies: ATNI-EDC/ FS will need to update its loan policies to deploy the SSBCI Funds as the capital restrictions are just outside of our usual lending activity.  We’re doing it for you!  So if you have a loan program, you don’t need to change the way you do business.
  • You’re the lender: If your tribe has a CDFI or offers a credit/ loan program, you can continue to use your underwriting standards on projects and ATNI-EDC can participate using SSBCI Funds or through a loan guarantee, thereby diffusing your risk.
  • New Relationships: As part of our strategy deployment, ATNI-EDC will build capacity to develop relationships with lenders and Tribal entrepreneurs. We’re happy to share those relationships with you!
  • Leverage Economies of Scale:  Since we will be managing a larger fund, we will have the flexibility to take on larger, more complicated projects.
  • Arm’s Length Transactions: By sending your allocation through the ATNI-EDC Regional Strategy, you’re able to gain some distance from projects within your community thus avoiding potential or real conflicts of interest. This is a priority for the Department of Treasury.
  • Regional Footprint:  Under the ATNI-EDC strategy, we can deploy funds with the ATNI geographic region.  We suspect that one challenge of this program will be developing a strong pipeline of projects and ability to deploy the full allocation.  With a larger geographic footprint, there are more opportunities to identify SSBCI projects.

Information Sessions

ATNI-EDC Information Session and Working Group

  • Every Tuesday morning at 9 am
  • Email Casey at to be added to the calendar invite

Recorded ATNI-EDC Information Sessions

Other Resources

Recent Announcements

The SSBCI Bulletin is intended to engage eligible jurisdictions and stakeholders, and serves as a supplement to other outreach activities: webinars, meetings, and one-on-one engagements. The content will highlight new guidance available on the SSBCI website, communicate upcoming deadlines, share additional information to program implementation, and communicate information on program design assistance resources.

Upcoming Webinars and SSBCI Outreach Office Hours for Tribal Governments

SSBCI is conducting weekly engagement sessions with Tribal governments and related stakeholders, including open office hours, and application portal instructions, and discussions of specific capital programs. The schedule and links to attend these sessions will be communicated here: SSBCI Capital Program Application Overview for Tribal Governments and related stakeholders;Tuesday, April 12, 2022, at 4:00 p.m. ET; registration requiredSSBCI Capital Program Application Leverage Tables Overview for Tribal Governments and related stakeholders; Tuesday, April 19, 2022, at 4:00 p.m. ET; registration required April 2022 SSBCI Outreach Office Hours for Tribal Governments and related stakeholders: Thursday, April 14, 2022, at 4:00 p.m. ET; registration requiredThursday, April 21, 2022, at 4:00 p.m. ET; registration requiredThursday, April 28, 2022, at 4:00 p.m. ET; registration required Update on SSBCI Capital Application Reviews

SSBCI is working as expeditiously as possible to review all applications that have been received to date. Once an eligible jurisdiction’s application is under review, they will receive an email from their outreach manager letting them know. The eligible jurisdiction should then expect to receive questions compiled by the reviewer(s) over the following week(s) and be prepared to respond as quickly as possible. Once an application has been approved, the eligible jurisdiction will be notified by email and the allocation agreement process will begin.

Follow-up Webinar on Capital Program Application Overview for Tribal Governments

Treasury held a webinar on Tuesday, April 5, 2022, on the SSBCI Capital Program application and the identity verification process.  There will be a follow-up webinar specifically on the SSBCI Capital Program application on Tuesday, April 12, at 4:00 p.m. ET.  Registration for the webinar is available here.

DUNS Number Transition to Unique Entity Identifier (UEI)

An email went out to SSBCI Capital Program applicants on Thursday, March 31, 2022, as a reminder that the DUNS number issued by Dun and Bradstreet will no longer be used effective April 4, 2022.  As part of the federal government’s transition for all federal awards, all entities doing business with the federal government will use the Universal Entity Identifier (UEI) number assigned by the U.S. General Services Administration (GSA) in the System for Award Management ( Please note that on the SSBCI Capital program, having a UEI number is not a requirement for a jurisdiction’s contracted entities.

SSBCI Website Landing Page Update

The SSBCI Website landing page has been recently updated. Changes to the landing page include an overview of the SSBCI program, and program-relevant information organized under the following headers: SSBCI News, Upcoming Dates, Program Rules and Materials section, 2011-2017 SSBCI Archives, and the 2021 SSBCI Archives.


SSBCI Interim Final Rule
The Interim Final Rule requires the jurisdictions that receive SSBCI capital funding to report demographic data. Treasury’s collection of this demographic data will allow Treasury to understand small business outcomes from an equity standpoint and analyze the effectiveness of program support across demographic groups.

The IFR was published in the Federal Register on March 10, 2022, and is now available in the Federal eRulemaking Portal.

Treasury is seeking comment on all aspects of the Interim Final Rule.  Stakeholders are encouraged to submit comments electronically through the Federal eRulemaking Portal on or before April 11, 2022.  Please be advised that comments received will be part of the public record and subject to public disclosure.  Do not disclose any information in your comment or supporting materials that you consider confidential or inappropriate for public disclosure.

Updated SSBCI Guidance–Sample Capital Allocation Agreement, Revised SSBCI FAQs, and the SEDI Incentive Funding Table

Treasury published updated SSBCI guidance this month including the March 2022 updates to the SSBCI FAQs; and the SEDI Incentive Funding Table, which contains the initial eligible amounts of the incentive funding under the allocation for eligible jurisdictions that demonstrate robust support for businesses owned and controlled by socially and economically disadvantaged individuals (SEDI) and the associated SEDI objectives. To understand how initial eligible amounts and SEDI objectives factor into the SEDI incentive allocation, please see the SSBCI Capital Program Policy Guidelines Section IV.

A Sample Capital Allocation Agreement has also been posted to the SSBCI Website. The draft of the Allocation Agreement for the State Small Business Credit Initiative (SSBCI) is provided for illustrative purposes only and should not be relied upon or used for any other purpose. The exact terms and conditions of each specific allocation are set forth in the Allocation Agreement (and its exhibits) that is executed by the Treasury and each participating jurisdiction.


  • The U.S. Department of the Treasury has posted a Request for Information in the Federal Register to gather input from the public about SSBCI’s Technical Assistance programs. Responses are due October 20, 2022.
  • The U.S. Department of the Treasury is extending the deadline for Tribal governments to initiate and submit their complete SSBCI Capital Programs application to October 31, 2022, at 11:59 p.m. ET and the deadline to submit an application for the SSBCI technical assistance program to December 9, 2022, at 11:59 p.m. ET. More details here.
  • U.S. Department of the Treasury received applications for the SSBCI Capital Program from all states, the District of Columbia, and territories. 
  • Recalculated Tribal government allocations were emailed on Monday, January 31, 2022, to the Tribal government’s Authorized Official and Contact Person, as identified on the NOI.
  • Each Eligible Jurisdiction has been assigned an SSBCI program office point-of-contact. If you are not aware of your assigned point-of-contact, please email
  • SSBCI recently conducted a webinar on joint applications and consortia for Tribal Governments. If your Tribal government is interested in learning more about the contents of this webinar and/or exploring joint applications, please email with the subject “Technical Assistance – [NAME OF YOUR TRIBAL GOVERNMENT]”Please submit questions and requests for application assistance via
  • Guidance related to the technical assistance allocation is forthcoming.