Members MUST meet one or more of the eligibility requirements for SSBCI enrollment, as attested to by their provider: Autoimmune disorders Cancer Cardiovascular disorders Chronic alcohol and other drug dependence Chronic heart failure Chronic and disabling mental health conditions Chronic lung disorders Dementia Diabetes End-stage liver disease For SSBCI 2.0, Treasury has allocated $10 billion to provide funding for (1) small business financing, and (2) technical assistance to help small and diverse . Funding through Florida's SSBCI programs may be used to fund start-up costs, business procurement, franchise fees, equipment, inventory and the purchase, construction, renovation or tenant . Kansas SSBCI Funding $69M Approved & Accepting Applications: Program will include a capital multiplier loan program, along with venture funds, that will assist small businesses in both rural and urban areas. These programs include loan and equity funding, and various venture capital and startup programs. The LPP, allocated $26 million, will originate companion loans used to help fill the gap needed to secure senior loans from banks, institutional lenders, and credit unions. SSBCI FAQ What is the State Small Business Credit Initiative? All SSBCI loan draws must be properly matched with the private capital at the time of the draws. Iowa SSBCI Funding $96M Approved: This state will operate four programs, including two venture capital programs, to which they have allocated $53 million. For additional information, please refer to the U.S. Treasury SSBCI Preliminary Allocation Table . The portal will provide access to $10 billion, which is made possible by the American Rescue Plan Act of 2021. #groundhogday #springiscoming The purpose of the position is to focus the strategic programming for the SSBCI program across the PASBDC network for Very Small Businesses (VSB's) and Socially Economic Disadvantaged . ET, the same deadline for the submission of a complete SSBCI capital application. Created as part of the Small Business Jobs Act of 2010, SSBCI was designed by the federal government to help states strengthen existing loan and equity programs and/or create new programs that support financing small businesses. The Venture Capital Program is a targeted investment strategy implemented on an appropriate scale that can attract capable investment managers to support Florida small businesses and create value. Funds Available for Lending Through State Small Business Credit Initiative Kristin Aiello David Darby Gregory Stepanich The SSBCI Program ssbci.manager@dca.ga.gov The Small Business Jobs Act of 2010 (the "Act") became law in the fall of 2010.
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