MBN USA

July 18, 2024

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The State Small Business Credit Initiative supports small businesses and entrepreneurship in communities

The State Small Business Credit Initiative (SSBCI) is a nearly $10 billion program to support small businesses and entrepreneurship in communities across the United States by providing capital and technical assistance to promote small business stability, growth, and success.

In addition to capital access, SSBCI funding unlocks access to critical technical assistance through SSBCI’s formula Technical Assistance Grant Program and the SSBCI Investing in America Small Business Opportunity Program (SBOP). The Minority Business Development Agency at the U.S. Department of Commerce, through its Capital Readiness Program, also supports technical assistance to improve access to capital, including in traditionally underserved communities, with SSBCI funding.

The State Small Business Credit Initiative (SSBCI) provides a significant opportunity for MBEs and SEDIs to secure funding and support through state-administered programs. Our webinar will equip you with the knowledge and strategies to effectively leverage these opportunities.

Learning Objectives:

Introduction to SSBCI: Understand the goals, provisions, and financial mechanisms of the SSBCI program.

Funding Opportunities: Learn how to leverage the SSBCI network to gain access to funding opportunities

Navigating the Application Process: Receive step-by-step guidance on how to apply for SSBCI funding, including eligibility requirements and documentation.

Maximizing Benefits: Discover strategies to maximize the impact of SSBCI funding on your business operations and growth.