U.S. Department of Treasury, State Small Business Credit Initiative
Under the auspices of the U.S. Department of Treasury, the State Small Business Credit Initiative (SSBCI) is expected to help spur up to $15 billion in lending to small businesses. Under the State Small Business Credit Initiative, participating states will use the federal funds for programs that leverage private lending to help finance small businesses and manufacturers that are creditworthy, but are not getting the loans they need to expand and create jobs.
Program Support for Treasury’s SSBCI Initiative
Start Date: Sep 2021 — End Date: Sep 2023
CREC is providing advisory and programmatic support to assist the successful implementation and operation of the U.S. Department of Treasury’s State Small Business Credit Initiative (SSBCI). Activities will include formulating SSBCI eligibility and approval criteria, creating of standards and requirements for participation of lenders and investors, and aligning the SSBCI program with the requirements for […]
Supporting the State Small Business Credit Initiative Lending Programs
Start Date: Nov 2013 — End Date: Sep 2017
Working collaboratively with commercial lending and community development finance subject matter experts (George Surgeon, David McGrady and Donna Nails), CREC provided technical assistance and support services for U.S. Treasury’s State Small Business Credit Initiative (SSBCI).
CREC Moderates Panel at SSBCI Conference in Washington, D.C.
May 6, 2016
Ken Poole moderated a panel discussing strategies for federal agencies to partner with states on small business lending at the State Small Business Credit Initiative (SSBCI) Conference in Washington, D.C.
CREC Co-Authors U.S. Treasury SSBCI Best Practices
October 14, 2015
Ken Poole, Ron Kelly, Martin Romitti, Sarah Gutschow and Brendan Buff have worked with Program Managers at the state-level to document best practices to strengthen SSBCI-funded programs in states across the country.