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Treasury posts SSBCI timeline

April 08, 2021

This week, Treasury posted key dates for the State Small Business Credit Initiative, a $10 billion program funded in the American Rescue Plan Act. Per its website, Treasury intends to release the amount of funding available to each state by April 12; states will be required to submit a letter of intent to participate by May 10; and, final applications from states will be due by Dec. 11. The amount of funding available to Tribal governments will be released on May 10, with notices of intent to apply due June 11. The information was provided as part of a refurbished web presence for SSBCI that also moved the original program reports and guidelines to a new location.

SSTI is tracking SSBCI developments closely and will continue to share updates as they are available. For more information on the program, contact Jason Rittenberg (rittenberg@ssti.org).

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