If the email is still not found, Users can trigger the email to be resent from within the Treasury Portal. When additional information becomes available, it will be posted on the program website at Treasury.gov/SSBCI. The Ohio Capital Access Program (OCAP) is a loan portfolio insurance program, similar to a loan guarantee, that enables small businesses to obtain credit to help them grow and expand their businesses. Contact Information Indicate if you want to select a preformatted signature style or if you will draw your signature. ID.me is asking for my personal information, but Im trying to apply on behalf of my entity. /. The initiative features a newly developed refinancing mechanism to strengthen Community Development Financial Institutions lending to small business. SSBCI 1.0 was passed in 2010 and ran from 2011 to 2017. How much money have I been preliminarily allocated to receive? From there, you can make any appropriate edits then click Save. For more information, please visit theU.S. Department of the Treasuryswebsite. How do I know if a specific use is eligible? How do I receive payment (Wire, ACH)? An ACH routing number is required. When reporting begins, Entities will submit required reports to Treasury using an online portal that will be available at Treasury.gov/SSBCI. The State Small Business Credit Initiative (SSBCI) is a $10 billion small business program managed by the U.S. Department of the Treasury (Treasury). 3.9. The Small Business Jobs Act of 2020, signed into law on September 27, 2010, was created to help small businesses create jobs to drive the economic recovery. 2.4. For more information, visit the program website at Treasury.gov/SSBCI. Technical Assistance for small businesses will be implemented by technical service providers after U.S. Treasury completes the application and award process. MONTGOMERY - Governor Kay Ivey on Tuesday announced that the Alabama Innovation Corporation (Innovate Alabama) opened applications for the Innovate Alabama Supplemental Grant Program.Alabama-based recipients of Phase I and Phase II Federal Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) grants are eligible to apply for up to $250,000 in supplemental . 6.3. On March 11, 2021, President Biden signed The American Rescue Plan Act, which reauthorized and funded the State Small Business Credit Initiative (SSBCI). Housing Choice Voucher Program (formerly known as Section 8), Georgia Balance of State Continuum of Care (BoS CoC), GHFA Permanent Supporting Housing (formerly known as Shelter Plus Care) (PSH), Homeless Management Information System (HMIS), Housing Opportunities for Persons with AIDS (HOPWA), HUD 811 Project Rental Assistance Program (HUD 811), Reentry Partnership Housing Program (RPH), State Housing Trust Fund for the Homeless (HTF), Community Development Block Grant Disaster Recovery Program (CDBG-DR), Community Development Block Grant Coronavirus (CDBG-CV), Community Development Block Grants (CDBG), Downtown Development Revolving Loan Fund (DDRLF), Regional Economic Business Assistance (REBA), State Small Business Credit Initiative (SSBCI), Regional Economic Assistance Program (REAP), Construction Codes and Housing Development, Georgia Initiative for Community Housing (GICH), HOME Investment Partnership Program (HOME), Governing Statutes, Regulations, and Guidance, Government Management Indicators (GOMI) Survey, Report of Local Government Finance (RLGF), Georgia Commission for Service and Volunteerism, Georgia SBCG (Small Business Credit Guaranty), History - State Small Business Credit Initiative, Georgia Department of Economic Development, University of Georgia Small Business Development Center, CDFIs Engaged in Small Business Lending in Georgia, How do I make a GORA "open records" request, Popular For more information, visit the program website at Treasury.gov/SSBCI. To create a Treasury Portal user account, please navigate to Portal.Treasury.gov/cares. Annual Reports Starting in 2023, each participating jurisdiction must submit to Treasury an annual report for each calendar year by March 31 of the following year. The SSBCI Program is now a state-administered revolving loan program. For small businesses, it offers attractive terms for loans, flexible resources for funding with little red tape, fast access to funds, and a quick answer to a loan request. Detailed questions about the conversion from DUNS number to UEI number should be directed to GSA by creating an incident ticket with the Federal Service Desk online at fsd.gov or by calling (866) 606-8220. December 6, 2021 Delaney SextonContributing Editor Main Street Monday - State Small Business Credit Initiative's 2021 Application Portal is Launched The U.S. Department of Treasury opened the SSBCI portal that is going to provide $10 billion to create specialized small business programs and increase access to capital. A list of approved economic development organizations will be posted once funding has been allocated to each organization. The SSBCI program works withapproved lenders to provide financial support to small businesses. Small Business Trends is an award-winning online publication for small business owners, entrepreneurs and the people who interact with them. (404) 679-4840, Providing resources, tools, and technical assistance to cities, counties, and local authorities to help strengthen communities, Connecting communities to funding sources to help build capacity and encourage economic development while honoring the communitys past through historic preservation, Helping communities meet housing needs and connecting people with housing assistance, 2018 Georgia Department of Community Affairs. IBank is the lead applicant and they have signed an allocation agreement with U.S. Treasury. Please refer to help.id.me for more details on that process. Eligible Recipients under the Technical Assistance (TA) Grant Program are States, the District of Columbia and Territories that submitted a complete SSBCI Capital Program application by February 11, 2022; and Tribal Governments that submit a complete SSBCI Capital Program application by October 31, 2022. When approved a business can generally use the funds for: This can vary by state, so make sure to check. It seems the federal government offers loan guarantees and funds to states, who in turn offer loans processed by banks and credit unions. State Small Business Credit Initiative (SSBCI) About SSBCI The State Small Business Credit Initiative (SSBCI) was created through the Small Business Jobs Act of 2010 (the "Act"). Technical Assistance Grant Program Preliminary Allocations to Tribal Governments - Methodology Summary, Technical Assistance Grant Program Tribal Consult Summary, Capital Program Policy Guidelines (Updated 12/15/2022), Frequently Asked Questions SSBCI Capital and TA Grant Programs (Updated 12/8/2022), Capital Program National Compliance Standards (11/17/2022), Capital Program Reporting Guidance (Updated 9/30/2022), Technical Assistance Program Application Template, Sample Technical Assistance Notice of Award, Capital Program Sample Certifications (Updated 7/28/2022), Preliminary Technical Assistance Grant Program Allocation Table (4/28/2022), Technical Assistance Grant Program Guidelines (4/28/2022), Allocations for States Territories Washington DC and Tribal Governments, Preliminary Allocation to Tribal Governments Methodology Summary (Updated 11/10/2021). The U.S. Department of the Treasury has launched the 2021 State Small Business Credit Initiative (SSBCI) portal. 2.2. If you're a business owner with employees in California, you most likely need to offer your employees paid sick leave.That's because there's the Healthy Workplaces, Healthy Families Act of 2014. Please refer to the Federal Service Desk for assistance with your SAM.gov account. STEM-based companies can receive up to $100,000 for eligible expenses, and other businesses can get up to $50,000. The Georgia Loan Participation Program (GA LPP) will enable lenders to provide more loans to businesses since the lender is able to diversity its risk by sharing exposure with the State. This document also contains the preliminary allocation methodology summary for Tribal governments. Ohio initially will receive $52.4 million to support socially and economically disadvantaged individuals and very small businesses. SAM validates information and electronically shares the secure and encrypted data with the federal agencies' Finance Offices to facilitate paperless payments through Electronic Funds Transfer (EFT). This program will provide a combined $10 billion for small business credit support and investment programs to: LOUISIANA VETERANS FIRST BUSINESS INITIATIVE. debt program, and AssistTN, the technical assistance components. Please check your junk email, confirm your email address with the sender and select to trust all emails from DocuSign. Where can I get more information on the Transition to UEI Number? Remarks by Assistant Secretary Elizabeth Rosenberg for Terrorist Financing and Financial Crimes at the Association of Women in International Trade. While on the DocuSign page and once all required fields have been completed, the Finish button will appear. Applications will be accepted between July 18, 2022 through August 19, 2022. An online application portal is forthcoming. Minnesota will receive funds in three disbursements over several years. How do I report them? After reviewing the RFI, commenters can post their comments on Regulations.gov. The funds will also support recipient jurisdictions in promoting American entrepreneurship and democratizing access to startup capital across the country, including in underserved communities. This document also contains the preliminary allocation methodology summary for Tribal governments. SSBCI will allocate at least $500 million to Tribal governments. Per the agreement, the oversight with the U.S. Treasury expired on March 31, 2017. Financial Institutions are being enrolled in the CPCFA and IBank programs. What is the turnaround time for reviewing an application? These participating lendersundergo a vetting process whereby the State will evaluate the lender on management and lending experience as well as financial capacity and ability. What was the allocation methodology for SSBCI? With small businesses continuing to face challenges brought on by the pandemic, the U.S. Department of Treasury has expanded the State Small Business Credit Initiative (SSBCI) Program as a part of The American Rescue Plan Act of 2021. Through SSBCI 2.0, Treasury will provide funds to states, the District of Columbia, territories, and Tribal governments . PROGRAM OVERVIEW INTRO PAGE On March 11, 2021, President Biden signed into law the American Rescue Plan Act of 2021, which provided $10 billion to fund the State Small Business Credit Initiative (SSBCI). If not, you can change them as needed. How do I edit my individual account information? This document also contains the preliminary allocation methodology summary for Tribal governments. Atlanta, GA 30329 Documents and resources for the 2021 SSBCI program. In late November 2021, Treasury launched an application portal for the State Small Business Credit Initiative (SSBCI) at Portal.Treasury.gov/cares. Information regarding webinars will be emailed to the points of contact and Authorized Representatives provided in the Notices of Intent. Documents, timelines, and other resources related to the 2021 allocation of the SSBCI program can be accessed here2021 Archive. New York State Small Business Revolving Loan Fund Round 2. The new funding will be used to launch an updated version of the state's highly successful Small Business Credit Initiative (SSBCI) program . 3.4. Remarks by Under Secretary for Domestic Finance Nellie Liang During Workshop on Next Steps to the Future of Money and Payments, Remarks by Secretary of the Treasury Janet L. Yellen at Bilateral Meeting with Prime Minister of Ukraine Denys Shmyhal, RT @TreasuryDepSec: At our roundtable with @BlkEconAlliance today, @SBAIsabel @RepNikema and I heard from business leaders about ways the f, RT @TreasuryDepSec: I'm in Atlanta this week with @SBAIsabel and @DepSecTodman to highlight some of the historic investments @USTreasury @S, Form 941, employer's quarterly federal tax return, Special Inspector General, Troubled Asset Relief Program (SIGTARP), Administrative Resource Center (ARC)- Bureau of the Fiscal Service. 2011 State Small Business Credit Initiative Application The One-Stop Business Portal is also in development, which will provide small businesses with one resource for starting and running . 7.2. Applications to become a subrecipient will be accepted until January 14 . Why do I need to use ID.me? Remarks by Assistant Secretary Elizabeth Rosenberg for Terrorist Financing and Financial Crimes at the Association of Women in International Trade. Home ->> CPCFA ->> State Small Business Credit Initiative, Please send program inquiries to ssbci@treasurer.ca.gov. It was funded at $1.5 billion and implemented by Treasury and states and territories from 2011 through 2017. All said the SSBCI was responsible for helping more than 16,900 small businesses. Tribal governments may request allocation information by emailing ssbci_information@treasury.gov or by accessing the application portal. SSBCI will allocate at least $14.73 million to Tribal governments. By clicking the continue button or continuing to use our website, you are consenting to our, Certified Economic Development Organizations, Educational Improvement Tax Credit Program (EITC), Opportunity Scholarship Tax Credit Program (OSTC), Neighborhood Assistance Program, Enterprise Zone Tax Credit (NAP/EZP), Entertainment Economic Enhancement Program (EEEP), Pennsylvania Capital Access Program (PennCAP), HOME Investment Partnership Program (HOME), H2O PA - Water Supply, Sanitary Sewer and Storm Water Projects, Shapiro Administration Awards New Funding to Increase In-Demand Electrical Worker Apprentices in Pennsylvania, Shapiro Administration Announces Nearly $2 Million in New PIDA Loans to Spur Business Growth, Job Creation in Two Counties, DCED Legislative Budget Presentation FY 2022-23, Certified Economic Development Organizations (CEDOs), Community Development Financing Institutions (CDFIs). 6.1. Please note that Treasury has assigned individual Outreach Managers to each State, Territory, and Tribal Government to serve as an individualized point of contact for the SSBCI Program. The new version of the SSBCI program provides a combined $10 billion to states, the District of Columbia, territories, and Tribal governments to empower small businesses to access capital needed to invest in job-creating opportunities as the country emerges from the pandemic. All lenders seeking approval as participating lenders in the SSBCI programs must undergo a vetting process whereby the State will evaluate the lender on management and lending experience as well as financial capacity and ability. After performance targets are . Diversity, Equity, Inclusion, and Accessibility, Alcohol and Tobacco Tax and Trade Bureau (TTB), Financial Crimes Enforcement Network (FinCEN), Office of the Comptroller of the Currency (OCC), Treasury Inspector General for Tax Administration (TIGTA), Special Inspector General for the Troubled Asset Relief Program (SIGTARP), Special Inspector General for Pandemic Recovery (SIGPR), Budget Request/Annual Performance Plan and Reports, Inspector General Audits and Investigative Reports, Foreign Account Tax Compliance Act (FATCA), The Community Development Financial Institution (CDFI) Fund, Specially Designated Nationals List (SDN List), Sanctions Programs and Country Information, Financial Literacy and Education Commission, The Committee on Foreign Investment in the United States (CFIUS), Macroeconomic and Foreign Exchange Policies of Major Trading Partners, U.S.-China Comprehensive Strategic Economic Dialogue (CED), Small and Disadvantaged Business Utilization, Daily Treasury Par Real Yield Curve Rates, Debt Management Overview and Quarterly Refunding Process, U.S International Portfolio Investment Statistics, Report Fraud Related to Government Contracts, Cashing Savings Bonds in Disaster-Declared Areas, Community Development Financial Institution (CDFI) Fund, Electronic Federal BenefitPayments - GoDirect, General Property, Vehicles, Vessels & Aircraft.
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