State Small Business Credit Initiative Fact Sheet June 2023

State Small Business

Credit Initiative

˜°˛˝˙ˆ ˇ ˘˘˝ ˙

  ˘˙   

State Small Business Credit Initiative

Program Overview

Reauthorized and expanded by President Biden’s American Rescue Plan, 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. SSBCI will provide funding to states, the District of Columbia, territories, and

Tribal governments (collectively, participating jurisdictions) for programs that catalyze lending and investing in

small businesses, build ecosystems of opportunity and entrepreneurship, and create high-quality jobs.

SSBCI is designed to catalyze private capital in the form of loans to and investments in small businesses,

especially in historically underserved communities and among entrepreneurs who may have otherwise lacked

the support needed to pursue their business ambitions. SSBCI support can be transformative in a range of

industries, including small manufacturing, supply chain, and other sectors promoting key national priorities.

Businesses, lenders, and investors can learn more about how to participate in these programs by referencing

their jurisdiction’s programs at http://www.treasury.gov/ssbci/programs.

Program Design

SSBCI includes two programs: the Capital Program and the Technical Assistance (TA) Grant Program. Under the

Capital Program, participating jurisdictions implement credit and equity/venture capital programs to provide

capital to small businesses. Under the TA Grant Program, Treasury supports programs that provide legal,

accounting, or financial advisory services to qualifying small businesses.

Jurisdictions designed their SSBCI Capital Programs to support some combination of the credit and/or equity/

venture capital programs below.

• Capital Access Programs provide portfolio insurance in the form of a loan loss reserve fund into which the

lender and borrower contribute.

• Collateral Support Programs provide cash collateral to improve small business’ ability to borrow funds to

grow a business.

• Loan Guarantee Programs support private loans that may have otherwise been inaccessible or prohibitively

expensive by agreeing to reduce the lender’s exposure on a loan.

• Loan Participation Programs provide credit support through the purchase of a portion of a loan made by a

lender or through a direct loan alongside a private lender.

• Equity/Venture Capital Programs provide capital in the form of equity investments to underserved startups

and investors.

U.S. DEPARTMENT OF THE TREASURY

STATE SMALL BUSINESS CREDIT INITIATIVE

Implementation Status

SSBCI Capital Program

States, the District of Columbia, and territories have proposed over 130 credit support programs and over

70equity/venture capital programs. As of June 2023, Treasury has approved applications for capital programs

representing over $8billion in potential funding. Treasury received applications corresponding to over 280

Tribal governments and over $580 million in funding. This represents the largest and most expansive one-time

federal investment in Tribal governments for small business financing.

SSBCI Technical Assistance Program

In addition, Treasury allocated $200 million by formula to states, the District of Columbia, territories, and

Tribal governments for the TA Grant Program. Fiy-one of 56 jurisdictions (states, territories, and D.C.) applied

and proposed programs ranging from $450,000 to $25 million; Tribal government applications are due in July

2023. Treasury also transferred $100million to the Minority Business Development Agency (MBDA) to support

the Capital Readiness grant program, which targets incubators and accelerators that provide services to

underserved businesses.

SSBCI Capital Program Spotlight

Jurisdictions develop credit support and investment programs that align with their local economic

development challenges and goals. These examples demonstrate how jurisdictions use SSBCI to meet the

unique financing needs of small businesses in their target markets.

U.S. DEPARTMENT OF THE TREASURY

Advancing the Competitiveness of Manufacturers in Minnesota: Minnesota’s Department of

Employment and Economic Development (DEED) is implementing an Automation Loan Participation

Program (ALPP) through SSBCI. The program oers a companion loan to private financing provided by a

lender to purchase machinery, equipment, and soware designed to increase manufacturing eiciencies.

The program complements an existing state program that funds training for workers to operate new

automation equipment. Minnesota expects the ALPP to increase the number of re-shored manufacturing

operations and allow companies to move some outsourced activities in-house.

Engaging Underserved Business Owners in Utah: Utah’s Governor’s Oice of Economic Opportunity

(“Go Utah”) developed SSBCI programs focused on filling capital needs for small businesses that are

historically underserved. Utah operates several credit support programs including a Capital Access

Program that is anticipated to provide micro-loans to underserved small businesses that may have

a limited credit history or face collateral shortfalls, while the Loan Participation Program partners

with community development financial institutions to provide slightly larger loans to support small

businesses that may not be fully integrated into the conventional market.

Reaching Rural Businesses in Montana: The Montana Department of Commerce operates a loan

participation program through the Business MT Division with a goal of enabling businesses statewide to

access the programs. The Business MT Division developed a network of lenders across the state including

Community Development Financial Institutions and local revolving loan funds.

STATE SMALL BUSINESS CREDIT INITIATIVE

Growing the Innovation Ecosystem in Rural Vermont: Vermont is implementing a venture capital

program to invest in start-ups across the state, with a focus on growing the innovation ecosystem outside

Vermont’s more populous hubs. Areas of concentration include renewable energy, innovative agriculture

solutions, advanced manufacturing, and healthcare companies.

Enabling Diverse Venture Capital Managers in Pennsylvania: In October 2022, Pennsylvania

announced their first commitment of SSBCI funds on behalf of their venture capital program. The

program is focused on supporting venture capital funds led by diverse individuals who, in turn, target

underserved entrepreneurs. The initial $4.5 million was awarded to two funds.

SSBCI Transaction Spotlights

Supporting non-profits in California: Farming Hope, a non-profit that provides

culinary job training to formerly incarcerated and unhoused individuals in San

Francisco, received a $50,000 bridge loan from REDF, a California-based CDFI. The

California Small Business Guarantee Program operated by the California IBank

provided an 80 percent guarantee to enable the transaction.

Providing working capital for manufacturers in Michigan: Global Retool Group

America is a manufacturer of automation equipment and assembly lines for use

by a variety of industries, located in Brighton, Michigan. The company retools,

retrofits, and overhauls of machinery worldwide. Citizens Bank provided the

company its first working capital line of credit, a $7 million facility enabled by the

Michigan Strategic Fund’s collateral support program.

Expanding access to equity financing in Kansas: WorkTorchis a Wichita-

based, service industry career platform founded by sisters Deborah Gladney and

AngelaMuhwezi-Hall. Network Kansas and the Kansas Department of Commerce,

through the GROWKS Loan Fund and Equity Programs invested SSBCI funds

inWorkTorch alongside $2.2 million in private financing.

Enabling green innovation in Massachusetts: Aeroshield,awoman-

ledcompany, is manufacturing advanced materials inHyde Parkfor more energy-

eicient windows.MassVenturesinvested SSBCI funds to the company to expand

its manufacturing capabilities, grow its team, and accelerate product development

&partnerships to bring the firstAeroShield-insulated window products to

market.SSBCI funds were part of an overall $4M round.

Helping rural communities thrive in New Hampshire: Montshire Farms, a 5th

generation New Hampshire farm purchased a meat processing facility with the

help of a $2.6 million loan from a community bank supported by New Hampshire’s

loan participation program. The loan not only provided much-needed capital

for Montshire Farms to purchase the facility and expand operations but was

instrumental in keeping the local farming community healthy and thriving by

providing a local option for meat processing.

U.S. DEPARTMENT OF THE TREASURY

STATE SMALL BUSINESS CREDIT INITIATIVE

Appendix A: State and Territory SSBCI Capital Programs

Applicant

Name

Implementing

Entity Name

Name of Program

Overview

Program Type Administering

Entities

Amount

Requested

Contact

Alabama* Alabama Department of

Finance

TBD Equity Capital

Program (Funds)

Alabama Innovation

Corporation

jordan.howard@

ﬁnance.alabama.gov

Alabama* Alabama Department of

Finance

TBD Equity Capital

Program (Funds)

Alabama Innovation

Corporation

jordan.howard@

ﬁnance.alabama.gov

Alaska State of Alaska, University

of Alaska Small Business

Development Center

Alaska Equity Program Equity Capital

Program (Funds)

State of Alaska, University

of Alaska Small Business

Development Center

(Implementing)

$10,000,000 [email protected]

Alaska State of Alaska, University

of Alaska Small Business

Development Center

Alaska Loan Participation

Program

Loan Participation

Program

State of Alaska, University

of Alaska Small Business

Development Center

(Implementing)

$15,905,891 [email protected]

Alaska State of Alaska, University

of Alaska Small Business

Development Center

Alaska Loan Guarantee

Program

Loan Guarantee

Program

State of Alaska, University

of Alaska Small Business

Development Center

(Implementing)

$32,000,000 [email protected]

Alaska State of Alaska, University

of Alaska Small Business

Development Center

Alaska Collateral Fund

Program

Collateral Support

Program

State of Alaska, University

of Alaska Small Business

Development Center

(Implementing)

$2,000,000 [email protected]

Arizona Arizona Commerce

Authority

Arizona Loan Guarantee

Program

Loan Guarantee

Program

Arizona Commerce Authority

(Implementing)

$24,031,354 AZSSBCI@

azcommerce.com

Arizona Arizona Commerce

Authority

Arizona Multi-Fund

Venture Program

Equity Capital

Program (Funds)

Arizona Venture

Development Corporation

(Contracted)

$50,000,000 AZSSBCI@

azcommerce.com

Arizona Arizona Commerce

Authority

Arizona Venture Co-Invest

Program

Equity Capital

Program (Direct)

Arizona Venture

Development Corporation

(Contracted)

$37,000,000 AZSSBCI@

azcommerce.com

Arkansas Arkansas Development

Finance Authority

ADFA Bond Guaranty/

CDFI Loan Participation

Program

Loan Participation

Program

Arkansas Development

Finance Authority

(Implementing)

$7,500,000 Charles.Cathey@

arkansas.gov

Arkansas Arkansas Development

Finance Authority

Arkansas Capital Access

Program

CAP

Arkansas Development

Finance Authority

(Implementing)

$621,691 Charles.Cathey@

arkansas.gov

Arkansas Arkansas Development

Finance Authority

Arkansas Venture

Development Fund

Equity Capital

Program (Funds)

Arkansas Development

Finance Authority

(Implementing)

$20,000,000 Charles.Cathey@

arkansas.gov

Arkansas Arkansas Development

Finance Authority

Arkansas Venture Capital

Development Fund

Equity Capital

Program (Direct)

Arkansas Development

Finance Authority

(Implementing)

$26,000,000 Charles.Cathey@

arkansas.gov

Arkansas Arkansas Development

Finance Authority

ADFA Bond Guaranty/

Loan Participation

Program

Loan Participation

Program

Arkansas Development

Finance Authority

(Implementing)

$7,500,000 Charles.Cathey@

arkansas.gov

Arkansas Arkansas Development

Finance Authority

ADFA DBE MWOBE - Loan

Mobilization Revolving

Fund

Loan Guarantee

Program

Arkansas Development

Finance Authority

(Implementing)

$15,000,000 Charles.Cathey@

arkansas.gov

Arkansas Arkansas Development

Finance Authority

ADFA Small Business

Revolving Loan Guaranty

Program

Loan Guarantee

Program

Arkansas Development

Finance Authority

(Implementing)

$5,000,000 Charles.Cathey@

arkansas.gov

U.S. DEPARTMENT OF THE TREASURY

STATE SMALL BUSINESS CREDIT INITIATIVE

Applicant

Name

Implementing

Entity Name

Name of Program

Overview

Program Type Administering

Entities

Amount

Requested

Contact

California California Infrastructure and

Economic Development

Bank

Collateral Support Pro-

gram (CSP)

Collateral Support

Program

California Pollution Control

Financing Authority (Con-

tracted)

$472,799,045 CalCAP@

Treasurer.ca.gov

California California Infrastructure and

Economic Development

Bank

Small Business Loan

Guarantee Program

(SBLGP)

Loan Guarantee

Program

California Infrastructure

and Economic Development

Bank (Implementing)

$390,998,806 [email protected]

California California Infrastructure

and Economic

Development Bank

Inclusive California

Initiative

Other

California Infrastructure

and Economic Development

Bank (Implementing)

$100,000,000 [email protected]

California California Infrastructure

and Economic

Development Bank

Emerging California

Initiative

Other

California Infrastructure

and Economic Development

Bank (Implementing)

$50,000,000 [email protected]

California California Infrastructure

and Economic

Development Bank

California Co-investment

Initiative

Other

California Infrastructure

and Economic Development

Bank (Implementing)

$50,000,000 [email protected]

California California Infrastructure

and Economic

Development Bank

California Capital Access

Program (CalCAP)

CAP

California Pollution Control

Financing Authority

(Contracted)

$118,199,762 CalCAP@

Treasurer.ca.gov

Colorado Colorado Economic

Development Commission

(CEDC) within the Ofﬁce

of Economic Development

and International Trade

Cash Collateral Support Collateral Support

Program

Colorado Housing

and Finance Authority

(Contracted)

$35,000,000 [email protected]

Colorado Colorado Economic

Development Commission

(CEDC) within the Ofﬁce

of Economic Development

and International Trade

Colorado Venture Capital

Authority

Equity Capital

Program (Funds)

Colorado Venture Capital

Authority (Contracted)

$59,773,554 sonya.guram@

state.co.us

Colorado Colorado Economic

Development Commission

(CEDC) within the Ofﬁce

of Economic Development

and International Trade

CLIMBER Loan Fund Loan Participation

Program

Colorado Housing

and Finance Authority

(Contracted)

$10,000,000 [email protected]

Connecticut State of Connecticut,

Department of Economic

and Community

Development

CT Innovations Equity

Fund

Equity Capital

Program (Direct)

Connecticut Innovations,

Inc. (Contracted)

$89,414,934 pauline.murphy@

ctinnovations.com

Connecticut State of Connecticut,

Department of Economic

and Community

Development

CT Venture Debt Fund Other

Connecticut Innovations,

Inc. (Contracted)

$30,000,000 pauline.murphy@

ctinnovations.com

Delaware Delaware Division of Small

Business (DSB)

Delaware Capital Access

Program

CAP

Delaware Division of

Small Business (DSB)

(Implementing)

$3,500,000 regina.mitchell@

delaware.gov

Delaware Delaware Division of Small

Business (DSB)

Delaware Strategic Fund

(DSF) Loan Participation

Program

Loan Participation

Program

Delaware Division of

Small Business (DSB)

(Implementing)

$27,473,103 regina.mitchell@

delaware.gov

Delaware Delaware Division of Small

Business (DSB)

Delaware Early Stage VC

Program

Equity Capital

Program (Funds)

Delaware Division of

Small Business (DSB)

(Implementing)

$22,500,000 regina.mitchell@

delaware.gov

Delaware Delaware Division of Small

Business (DSB)

Delaware Accelerator and

Seed Capital Program

Equity Capital

Program (Direct)

Delaware Division of

Small Business (DSB)

(Implementing)

$7,500,000 regina.mitchell@

delaware.gov

U.S. DEPARTMENT OF THE TREASURY

STATE SMALL BUSINESS CREDIT INITIATIVE

Applicant

Name

Implementing

Entity Name

Name of Program

Overview

Program Type Administering

Entities

Amount

Requested

Contact

District of

Columbia*

Department of Insurance,

Securities and Banking

(DISB)

Collateral Support

Program

Collateral Support

Program

Department of Insurance,

Securities and Banking

(Implementing)

$15,046,000 Aaron.fenwick@

dc.gov

District of

Columbia*

Department of Insurance,

Securities and Banking

(DISB)

Loan Participation

Program

Loan Participation

Program

Department of Insurance,

Securities and Banking

(Implementing)

$20,935,062 Aaron.fenwick@

dc.gov

District of

Columbia*

Department of Insurance,

Securities and Banking

(DISB)

DC Venture Capital

Program

Equity Capital

Program (Funds)

Ofﬁce of the Deputy Mayor

for Planning and Economic

Development (DMPED)

(Contracted)

$26,046,000 [email protected]

Florida Florida Department of

Economic Opportunity

Florida Small Business

Loan Program - Collateral

Support Program

Collateral Support

Program

Florida Department of

Economic Opportunity

(Implementing),Enterprise

Florida, Inc.

(Contracted),Florida First

Capital Finance Corporation,

Inc. (Contracted)

$250,000,000 SSBCI@DEO.

MyFlorida.com

Florida Florida Department of

Economic Opportunity

Florida Venture Capital

Program

Equity Capital

Program (Direct)

Florida Department of

Economic Opportunity

(Implementing),Enterprise

Florida, Inc. (Contracted)

$100,000,000 SSBCI@DEO.

MyFlorida.com

Florida Florida Department of

Economic Opportunity

Florida Small Business

Loan Program - Loan

Participation Program

Loan Participation

Program

Florida Department of

Economic Opportunity

(Implementing),Enterprise

Florida, Inc.

(Contracted),Florida First

Capital Finance Corporation,

Inc. (Contracted)

$50,000,000 SSBCI@DEO.

MyFlorida.com

Florida Florida Department of

Economic Opportunity

Florida Small Business

Loan Program - Loan

Guarantee Program

Loan Guarantee

Program

Florida Department of

Economic Opportunity

(Implementing),Enterprise

Florida, Inc. (Contracted),

Florida First Capital

Finance Corporation, Inc.

(Contracted)

$50,000,000 SSBCI@DEO.

MyFlorida.com

Florida Florida Department of

Economic Opportunity

Florida Capital Access

Program

CAP

Florida Department of

Economic Opportunity

(Implementing)

$38,486,572 SSBCI@DEO.

MyFlorida.com

Georgia Georgia Department of

Community Affairs

Georgia Loan

Participation Program

Loan Participation

Program

Georgia Department

of Community Affairs

(Implementing)

$70,000,000 SSBCI.Manager@dca.

ga.gov

Georgia Georgia Department of

Community Affairs

Georgia Small Business

Credit Guarantee

Program

Loan Guarantee

Program

Georgia Department

of Community Affairs

(Implementing)

$19,616,860 SSBCI.Manager@dca.

ga.gov

Georgia Georgia Department of

Community Affairs

Georgia Venture Capital

Program

Equity Capital

Program (Funds)

Invest Georgia (Contracted)

$30,000,000 SSBCI.Manager@dca.

ga.gov

Georgia Georgia Department of

Community Affairs

Georgia Equity Direct

Program

Equity Capital

Program (Direct)

Invest Georgia (Contracted)

$20,000,000 SSBCI.Manager@dca.

ga.gov

Georgia Georgia Department of

Community Affairs

Georgia CDFI Program Loan Participation

Program

Georgia Department

of Community Affairs

(Implementing)

$60,000,000 SSBCI.Manager@dca.

ga.gov

Hawaii Hawaii Technology

Development Corporation

HI-CAP Loans Loan Participation

Program

Hawaii Green Infrastructure

Authority (Contracted)

$15,500,000 [email protected]

Hawaii Hawaii Technology

Development Corporation

HI-CAP Collateral Collateral Support

Program

Hawaii Green Infrastructure

Authority (Contracted)

$20,521,957 [email protected]

U.S. DEPARTMENT OF THE TREASURY

STATE SMALL BUSINESS CREDIT INITIATIVE

Applicant

Name

Implementing

Entity Name

Name of Program

Overview

Program Type Administering

Entities

Amount

Requested

Contact

Hawaii Hawaii Technology Devel-

opment Corporation

HI-CAP Invest Equity Capital

Program (Funds)

Hawaii Technology

Development Corporation

(Implementing)

$21,000,000 [email protected]

Hawaii Hawaii Technology

Development Corporation

HI-CAP CDFI Loan Pool

Program (HI-CAP CDFI)

Loan Participation

Program

Hawaii Green Infrastructure

Authority (Contracted)

$5,000,000 [email protected]

Idaho The State of Idaho

Executive Ofﬁce of the

Governor- Division of

Financial Management

Idaho Small Business

Revolving Loan Fund

Loan Participation

Program

Region IV Development

Association, Inc.

(Contracted),Clearwater

Economic Development

Association, Inc.

(Contracted),Southeast

Idaho Council of

Governments, Inc.

(Contracted),Panhandle

Area Council, Inc.

(Contracted),East Central

Idaho Planning and

Develoment Association, Inc.

(Contracted)

$26,000,000 david.fulkerson@

dfm.idaho.gov

Idaho The State of Idaho

Executive Ofﬁce of the

Governor- Division of

Financial Management

Idaho Collateral Support

Program

Collateral Support

Program

Idaho Housing and Finance

Association (Contracted)

$39,677,548 [email protected]

Illinois Illinois Department of

Commerce and Economic

Opportunity (DCEO)

Advantage Illinois LPP Loan Participation

Program

Illinois Department of

Commerce and Economic

Opportunity (DCEO)

(Implementing)

$105,000,000 CEO.Advantage.

[email protected]

Illinois Illinois Department of

Commerce and Economic

Opportunity (DCEO)

Advantage Illinois LGP Loan Guarantee

Program

Illinois Department of

Commerce and Economic

Opportunity (DCEO)

(Implementing)

$114,813,285 CEO.Advantage.

[email protected]

Illinois Illinois Department of

Commerce and Economic

Opportunity (DCEO)

Climate Bank Finance Loan Participation

Program

Illinois Finance Authority

(Contracted)

$20,000,000 [email protected]

Illinois Illinois Department of

Commerce and Economic

Opportunity (DCEO)

IN-VENT Equity Capital

Program (Direct)

Illinois Department of

Commerce and Economic

Opportunity (DCEO)

(Implementing)

$114,813,285 CEO.Invent@

illinois.gov

Indiana Indiana Economic

Development Corp (IEDC)

Indiana Twenty-First

Century Research and

Technology Fund (21

Fund) - Indiana Angel

Network Fund (IANF)

Equity Capital

Program (Direct)

Elevate Ventures Inc

(Contracted),Indiana

Economic Development

Corp (IEDC) (Implementing)

$70,351,021 plodato@

elevateventures.com

Indiana Indiana Economic

Development Corp (IEDC)

Indiana Twenty-First

Century Research and

Technology Fund (21

Fund) – Fund Investment

Program (FIP)

Loan Participation

Program

Indiana Economic

Development Corp (IEDC)

(Implementing)

$28,736,704 [email protected]

Iowa Iowa Economic

Development Authority

Targeted Small Business

Collateral Support

Program

Collateral Support

Program

Iowa Economic

Development Authority

(Implementing)

$15,102,644 tsbloan@

iowaeda.com

Iowa Iowa Economic

Development Authority

Venture Capital Co-

Investment Fund

Equity Capital

Program (Direct)

BioConnect Iowa

(Contracted)

$31,000,000 steve.brody@

bioconnectiowa.org

U.S. DEPARTMENT OF THE TREASURY

STATE SMALL BUSINESS CREDIT INITIATIVE

Applicant

Name

Implementing

Entity Name

Name of Program

Overview

Program Type Administering

Entities

Amount

Requested

Contact

Iowa Iowa Economic

Development Authority

Manufacturing 4.0 Loan

Participation Program

Loan Participation

Program

Iowa Economic

Development Authority

(Implementing)

$28,000,000 [email protected]

Iowa Iowa Economic

Development Authority

IEDA Innovation

Continuum

Other

Iowa Economic

Development Authority

(Implementing)

$22,000,000 innovation@

iowaeda.com

Kansas Kansas Department of

Commerce

GROWKS Loan Fund Loan Participation

Program

Network Kansas

(Contracted)

$41,758,108 Info@

networkkansas.com

Kansas Kansas Department of

Commerce

GROWKS Angel Capital

Support Program

Equity Capital

Program (Direct)

Network Kansas

(Contracted)

$16,838,739 Info@

networkkansas.com

Kansas Kansas Department of

Commerce

GROWKS Community

Angel Support Program

Equity Capital

Program (Direct)

Network Kansas

(Contracted)

$5,000,000 Info@

networkkansas.com

Kansas Kansas Department of

Commerce

GROWKS Multi-Fund

Equity Program

Equity Capital

Program (Funds)

Network Kansas

(Contracted)

$6,000,000 Info@

networkkansas.com

Kentucky Kentucky Cabinet for

Economic Development

Kentucky Collateral

Support Program (KYCSP)

Collateral Support

Program

Kentucky Cabinet for

Economic Development

(Implementing)

$17,568,382 kylee.palmer@ky.gov

Kentucky Kentucky Cabinet for

Economic Development

Kentucky Venture Capital

Program (KYVCP) Direct

Equity Capital

Program (Direct)

Kentucky Science and

Technology Corporation

(Contracted)

$65,588,632 monique.

quarterman@ky.gov

Kentucky Kentucky Cabinet for

Economic Development

Kentucky Venture Capital

Program (KYVCP) Funds

Equity Capital

Program (Funds)

Kentucky Science and

Technology Corporation

(Contracted)

$16,397,158 monique.

quarterman@ky.gov

Kentucky Kentucky Cabinet for

Economic Development

Kentucky Loan

Participation Program

(KYLPP)

Loan Participation

Program

Kentucky Cabinet for

Economic Development

(Implementing)

$17,568,377 kylee.palmer@ky.gov

Louisiana Louisiana Economic

Development (LED)

Louisiana Collateral

Support Program

Collateral Support

Program

Louisiana Economic

Development Corporation

(LEDC) (Contracted)

$11,000,000 [email protected]

Louisiana Louisiana Economic

Development (LED)

Louisiana Small Business

Loan Guaranty Program

Loan Guarantee

Program

Louisiana Economic

Development Corporation

(LEDC) (Contracted)

$1,500,000 [email protected]

Louisiana Louisiana Economic

Development (LED)

Louisiana Micro Loan

Program

Loan Participation

Program

Louisiana Economic

Development Corporation

(LEDC) (Contracted)

$9,000,000 [email protected]

Louisiana Louisiana Economic

Development (LED)

Louisiana Seed Capital

Program

Equity Capital

Program (Funds)

Louisiana Economic

Development Corporation

(LEDC) (Contracted)

$31,571,405 [email protected]

Louisiana Louisiana Economic

Development (LED)

Louisiana Venture Capital

Program

Equity Capital

Program (Funds)

Louisiana Economic

Development Corporation

(LEDC) (Contracted)

$60,000,000 [email protected]

Maine Finance Authority of Maine Regional Economic

Development Revolving

Loan & Direct Loan

Program

Loan Participation

Program

Finance Authority of Maine

(Implementing)

$22,232,918 mlindquist@

famemaine.com

Maine Finance Authority of Maine CDFI and MVF Equity Capital

Program (Funds)

Finance Authority of Maine

(Implementing)

$8,000,000 mlindquist@

famemaine.com

Maine Finance Authority of Maine Finance Authority of

Maine, Commercial Loan

Insurance Program

Loan Guarantee

Program

Finance Authority of Maine

(Implementing)

$20,000,000 mlindquist@

famemaine.com

Maine Finance Authority of Maine Maine Venture Fund (MVF) Equity Capital

Program (Direct)

Finance Authority of Maine

(Implementing)

$12,000,000 mlindquist@

famemaine.com

U.S. DEPARTMENT OF THE TREASURY

STATE SMALL BUSINESS CREDIT INITIATIVE

Applicant

Name

Implementing

Entity Name

Name of Program

Overview

Program Type Administering

Entities

Amount

Requested

Contact

Maryland Maryland Department of

Housing and Community

Development

Neighborhood Business

Works Loan Participation

(DHCD)

Loan Participation

Program

Maryland Department

of Housing and

Community Development

(Implementing)

$86,404,958 dhcd.ssbci@

maryland.gov

Maryland Maryland Department of

Housing and Community

Development

MSBDFA Equity

Participation Investment

Program - Loan

(Commerce)

Loan Participation

Program

Maryland Department

of Commerce

(Contracted),Meridian

Management Group, Inc.

(Contracted)

$33,000,000 mmgdeal@

mmgcapitalgroup.

com

Maryland Maryland Department of

Housing and Community

Development

Venture Equity Fund

(TEDCO)

Equity Capital

Program (Direct)

Maryland TEDCO

(Contracted)

$13,000,000 investments@

tedco.md

Maryland Maryland Department of

Housing and Community

Development

Venture Capital Limited

Partnership Equity

(TEDCO)

Equity Capital

Program (Funds)

Maryland TEDCO

(Contracted)

$10,000,000 investments@

tedco.md

Maryland Maryland Department of

Housing and Community

Development

Social Impact Funds

(TEDCO)

Equity Capital

Program (Direct)

Maryland TEDCO

(Contracted)

$12,000,000 investments@

tedco.md

Maryland Maryland Department of

Housing and Community

Development

Seeds Funds Equity

(TEDCO)

Equity Capital

Program (Direct)

Maryland TEDCO

(Contracted)

$15,000,000 investments@

tedco.md

Maryland Maryland Department of

Housing and Community

Development

MSBDFA Equity

Participation Investment

Program - Equity

(Commerce)

Equity Capital

Program (Direct)

Maryland Department

of Commerce

(Contracted),Meridian

Management Group, Inc.

(Contracted)

$12,000,000 mmgdeal@

mmgcapitalgroup.

com

Maryland Maryland Department of

Housing and Community

Development

Neighborhood Business

Works Venture Debt

(DHCD)

Other

Maryland Department

of Housing and

Community Development

(Implementing)

$17,000,000 dhcd.ssbci@

maryland.gov

Massachusetts Executive Ofﬁce of

Housing & Economic

Development

Massachusetts Growth

Capital Corp. Commercial

Lending Program

Loan Participation

Program

Massachusetts Growth

Capital Corporation

(Contracted)

$51,500,000 michael.spicer@state.

ma.us

Massachusetts Executive Ofﬁce of

Housing & Economic

Development

Massachusetts Growth

Capital Corp. Community

Loan Fund Guarantee

Program

Loan Guarantee

Program

Massachusetts Growth

Capital Corporation

(Contracted)

$25,091,178 michael.spicer@state.

ma.us

Massachusetts Executive Ofﬁce of

Housing & Economic

Development

MassDevelopment

Economically Distressed

Area (EDA) Loan

Enhancement &

Equipment Program

Loan Participation

Program

Massachusetts

Development

Finance Agency

("MassDevelopment")

(Contracted)

$47,000,000 michael.spicer@state.

ma.us

Massachusetts Executive Ofﬁce of

Housing & Economic

Development

MassDevelopment Loan

Guarantee Program

Loan Guarantee

Program

Massachusetts

Development

Finance Agency

("MassDevelopment")

(Contracted)

$15,000,000 michael.spicer@state.

ma.us

Massachusetts Executive Ofﬁce of

Housing & Economic

Development

MassVentures Deep Tech

Diversity Venture Fund

Equity Capital

Program (Direct)

MassVentures (Contracted)

$30,000,000 michael.spicer@state.

ma.us

Michigan Michigan Strategic Fund Michigan Business

Growth Fund - Loan

Participation Program

Loan Participation

Program

Michigan Strategic Fund

(Implementing)

$48,235,293 businessloans@

michigan.org

U.S. DEPARTMENT OF THE TREASURY

STATE SMALL BUSINESS CREDIT INITIATIVE

Applicant

Name

Implementing

Entity Name

Name of Program

Overview

Program Type Administering

Entities

Amount

Requested

Contact

Michigan Michigan Strategic Fund Michigan Business

Growth Fund - Capital

Access Program

CAP

Michigan Strategic Fund

(Implementing)

$2,369,910 businessloans@

michigan.org

Michigan Michigan Strategic Fund Michigan Business

Growth Fund - Loan

Guarantee Program

Loan Guarantee

Program

Michigan Strategic Fund

(Implementing)

$40,288,462 businessloans@

michigan.org

Michigan Michigan Strategic Fund Michigan Business

Growth Fund - Collateral

Support Program

Collateral Support

Program

Michigan Strategic Fund

(Implementing)

$71,097,285 businessloans@

michigan.org

Michigan Michigan Strategic Fund Michigan Business

Growth Fund - Small

Business Venture Capital

Program

Equity Capital

Program (Funds)

Michigan Strategic Fund

(Implementing)

$75,000,000 businessloans@

michigan.org

Minnesota Minnesota Department of

Employment and Econom-

ic Development

Growth Loan Fund Other

Minnesota Department of

Employment and Economic

Development (Implementing)

$12,500,000 SSBCI.DEED@

state.mn.us

Minnesota Minnesota Department

of Employment and

Economic Development

Minnesota Loan

Guarantee Program

Loan Guarantee

Program

Minnesota Department

of Employment and

Economic Development

(Implementing)

$12,500,000 SSBCI.DEED@

state.mn.us

Minnesota Minnesota Department

of Employment and

Economic Development

Small Business Loan

Participation Program

Loan Participation

Program

Minnesota Department

of Employment and

Economic Development

(Implementing)

$25,000,000 SSBCI.DEED@

state.mn.us

Minnesota Minnesota Department

of Employment and

Economic Development

Automation Loan

Participation Program

Loan Participation

Program

Minnesota Department

of Employment and

Economic Development

(Implementing)

$12,500,000 SSBCI.DEED@

state.mn.us

Minnesota Minnesota Department

of Employment and

Economic Development

Multi-Fund VC Program Equity Capital

Program (Funds)

University of Minnesota

(Contracted)

$22,433,187 SSBCI.DEED@

state.mn.us

Minnesota Minnesota Department

of Employment and

Economic Development

Direct Investment VC

Program

Equity Capital

Program (Direct)

University of Minnesota

(Contracted)

$12,079,409 SSBCI.DEED@

state.mn.us

Mississippi* Mississippi Development

Authority

Mississippi CDFI Small

Business Loan Fund

Loan Participation

Program

Mississippi Development

Authority

$45,000,000 [email protected]

Mississippi* Mississippi Development

Authority

Mississippi Loan

Guarantee Program

Loan Guarantee

Program

Mississippi Development

Authority

$15,078,447 [email protected]

Mississippi* Mississippi Development

Authority

Mississippi Direct

Investment Program

Equity Capital

Program (Direct)

Innovate Mississippi

$11,000,000 [email protected]

Mississippi* Mississippi Development

Authority

Mississippi Venture

Capital Program

Equity Capital

Program (Funds)

Innovate Mississippi

$15,000,000 [email protected]

Missouri Missouri Department of

Economic Development

IDEA Fund Co-Investment

Program

Equity Capital

Program (Direct)

Missouri Technology

Corporation (Contracted)

$94,855,803 [email protected]

U.S. DEPARTMENT OF THE TREASURY

STATE SMALL BUSINESS CREDIT INITIATIVE

Applicant

Name

Implementing

Entity Name

Name of Program

Overview

Program Type Administering

Entities

Amount

Requested

Contact

Montana Montana Department of

Commerce

MT SSBCI 2.0 Loan

Participation Program

Loan Participation

Program

Montana Department of

Commerce (Implementing)

$61,327,969 [email protected]

Nebraska Nebraska Department of

Economic Development

Nebraska Growth Loan

Fund (NGLF)

Loan Participation

Program

Omaha 100, Inc.

(Contracted),Nebraska

Enterprise Fund

(Contracted),Nebraska

Department of

Economic Development

(Implementing)

$32,002,859 [email protected]

Nebraska Nebraska Department of

Economic Development

Nebraska Seed and

Development Fund

(NSDF)

Equity Capital

Program (Direct)

Invest Nebraska Corporation

(Contracted),Nebraska

Department of

Economic Development

(Implementing)

$32,002,859 [email protected]

Nevada Nevada Governor's Ofﬁce

of Economic Development

State Sponsored Venture

Capital Program

Other

Nevada Battle Born Growth

Escalator, Inc. (NBBGEI)

(Contracted)

$36,000,000 [email protected].gov

Nevada Nevada Governor's Ofﬁce

of Economic Development

Collateral Support

Program

Collateral Support

Program

Nevada Battle Born Growth

Escalator, Inc. (NBBGEI)

(Contracted)

$10,156,523 Mendy@

ﬂynngiudiciga.com

Nevada Nevada Governor's Ofﬁce

of Economic Development

Nevada Loan Participa-

tion Program – Standard

Loans (>$250k)

Loan Participation

Program

Nevada Battle Born Growth

Escalator, Inc. (NBBGEI)

(Contracted)

$15,900,000 Mendy@

ﬂynngiudiciga.com

Nevada Nevada Governor's Ofﬁce

of Economic Development

C-PACE Loan Participation

Program

Nevada Battle Born Growth

Escalator, Inc. (NBBGEI)

(Contracted)

$35,000,000 Mendy@

ﬂynngiudiciga.com

Nevada Nevada Governor's Ofﬁce

of Economic Development

Nevada Loan

Participation Program –

Small Loans (<$250k)

Loan Participation

Program

Nevada Battle Born Growth

Escalator, Inc. (NBBGEI)

(Contracted)

$15,900,000 Mendy@

ﬂynngiudiciga.com

New Hampshire New Hampshire

Department of Business

and Economic Affairs

Capital Access Program CAP

New Hampshire Business

Finance Authority

(Contracted)

$1,500,000 [email protected]

New Hampshire New Hampshire

Department of Business

and Economic Affairs

Loan Participation

Program – Direct Loans

Loan Participation

Program

New Hampshire Business

Finance Authority

(Contracted)

$10,000,000 [email protected]

New Hampshire New Hampshire

Department of Business

and Economic Affairs

Loan Participation

Program – Aid to

Local Development

Organizations (ALDO)

Loan Participation

Program

New Hampshire Business

Finance Authority

(Contracted)

$7,000,000 [email protected]

New Hampshire New Hampshire

Department of Business

and Economic Affairs

Loan Guarantee Program Loan Guarantee

Program

New Hampshire Business

Finance Authority

(Contracted)

$2,000,000 [email protected]

New Hampshire New Hampshire

Department of Business

and Economic Affairs

Loan Participation

Program – Term

Loan Participation

Program

New Hampshire Business

Finance Authority

(Contracted)

$40,968,436 [email protected]

New Jersey New Jersey Department of

the Treasury

Recovery Loan Loss

Reserve Fund

Loan Guarantee

Program

New Jersey Economic

Development Authority

(Contracted)

$25,000,000 [email protected]

New Jersey New Jersey Department of

the Treasury

Blended Capital Fund Loan Participation

Program

New Jersey Economic

Development Authority

(Contracted)

$50,000,000 [email protected]

New Jersey New Jersey Department of

the Treasury

SEDI Seed Fund Equity Capital

Program (Funds)

New Jersey Economic

Development Authority

(Contracted)

$20,000,000 [email protected]

U.S. DEPARTMENT OF THE TREASURY

STATE SMALL BUSINESS CREDIT INITIATIVE

Applicant

Name

Implementing

Entity Name

Name of Program

Overview

Program Type Administering

Entities

Amount

Requested

Contact

New Jersey New Jersey Department of

the Treasury

Life Science Fund Equity Capital

Program (Funds)

New Jersey Economic

Development Authority

(Contracted)

$60,000,000 [email protected]

New Jersey New Jersey Department of

the Treasury

Angel Match Program Other

New Jersey Economic

Development Authority

(Contracted)

$20,197,631 [email protected]

New Jersey New Jersey Department of

the Treasury

Clean Energy Business

Financing

Loan Participation

Program

New Jersey Economic

Development Authority

(Contracted)

$80,000,000 [email protected]

New Mexico New Mexico Economic

Development Department

NM Growth Fund Equity Capital

Program (Funds)

New Mexico Economic

Development Department

(Implementing)

$65,488,000 johanna.nelson@

state.nm.us

New Mexico New Mexico Economic

Development Department

Collateral Assistance

Program

Collateral Support

Program

New Mexico Economic

Development Department

(Implementing)

$9,000,805 johanna.nelson@

state.nm.us

New York Empire State Development Contractor Financing

Revolving Loan Fund

Loan Guarantee

Program

Empire State Development

(Implementing)

$22,011,437 [email protected].gov

New York Empire State Development New York Forward Loan

Fund II

Loan Participation

Program

Empire State Development

(Implementing),Calvert

Impact, Inc. (Contracted)

$47,011,437 nyloanfund@

esd.ny.gov

New York Empire State Development Capital Project Loan Fund Loan Participation

Program

Empire State Development

(Implementing)

$106,187,266 [email protected]y.gov

New York Empire State Development Small Business Revolving

Loan Fund II

Loan Participation

Program

Empire State Development

(Implementing)

$55,583,259

[email protected].gov

New York Empire State Development Emerging and Regional

Manager Multi-Fund

Program

Equity Capital

Program (Funds)

Empire State Development

(Implementing)

$154,011,436

NYSManagerFundRFA@

esd.ny.gov

New York Empire State Development Pre-Seed and Seed

Investment Matching

Program

Equity Capital

Program (Direct)

Empire State Development

(Implementing)

$30,011,438 NYVenturesPreSeed@

esd.ny.gov

New York Empire State Development NYS Innovation Venture

Capital Fund

Equity Capital

Program (Direct)

Empire State Development

(Implementing)

$35,344,770 NewYork.Venture@

esd.ny.gov

New York Empire State Development Capital Access Program CAP

Empire State Development

(Implementing)

$29,414,907 n[email protected].gov

New York Empire State Development New York State Bonding

Assistance Program

Loan Guarantee

Program

Empire State Development

(Implementing)

$22,011,437 [email protected].gov

North Carolina North Carolina Department

of Commerce

NC Capital Access

Program

CAP

Rural Economic

Development Center, Inc.

(Contracted)

$10,000,000 ssbci@

ncruralcenter.org

North Carolina North Carolina Department

of Commerce

NC Loan Participation

Program

Loan Participation

Program

Rural Economic

Development Center, Inc.

(Contracted)

$160,000,000 ssbci@

ncruralcenter.org

North Carolina North Carolina Department

of Commerce

NC Venture Capital

Program

Equity Capital

Program (Funds)

Rural Economic

Development Center, Inc.

(Contracted)

$31,897,680 ssbci@

ncruralcenter.org

North Dakota North Dakota Department

of Commerce

Angel Match Program

North Dakota

Equity Capital

Program (Direct)

North Dakota Development

Fund (Contracted)

$13,641,843 [email protected]

North Dakota North Dakota Department

of Commerce

Direct Investment

Program

Equity Capital

Program (Direct)

O’Leary Ventures

(Contracted)

$45,000,000 [email protected]

U.S. DEPARTMENT OF THE TREASURY

STATE SMALL BUSINESS CREDIT INITIATIVE

Applicant

Name

Implementing

Entity Name

Name of Program

Overview

Program Type Administering

Entities

Amount

Requested

Contact

Ohio Ohio Department of

Development

Ohio Venture Fund Other

Ohio Department

of Development

(Implementing)

$75,000,000 ssbci@

development.ohio.gov

Ohio Ohio Department of

Development

Ohio Early Stage Focus

Fund

Other

Ohio Department

of Development

(Implementing)

$36,718,475 ssbci@

development.ohio.gov

Ohio Ohio Department of

Development

CDFI Loan Participation

Program

Loan Participation

Program

Ohio Department

of Development

(Implementing)

$45,718,475 ssbci@

development.ohio.gov

Ohio Ohio Department of

Development

Collateral Enhancement

Program

Collateral Support

Program

Ohio Department

of Development

(Implementing)

$24,910,942 ssbci@

development.ohio.gov

Oklahoma Oklahoma Center for the

Advancement of Science

and Technology (OCAST)

Oklahoma Venture Capital

Investments

Equity Capital

Program (Funds)

Oklahoma Center for the

Advancement of Science

and Technology (OCAST)

(Implementing)

$48,906,317 SSBCI-RFP@

ocast.ok.gov

Oklahoma Oklahoma Center for the

Advancement of Science

and Technology (OCAST)

Oklahoma Business

Lending Partnerships

Loan Participation

Program

Oklahoma Center for the

Advancement of Science

and Technology (OCAST)

(Implementing)

$32,740,289 SSBCI-RFP@

ocast.ok.gov

Oregon Oregon Business Devel-

opment Department (DBA

Business Oregon)

Business Oregon Venture

Direct Program

Other

Oregon Business

Development Department

(aka Business Oregon)

(Implementing)

$15,000,000 Ricardo.Lopez@

biz.oregon.gov

Oregon Oregon Business

Development Department

(DBA Business Oregon)

Credit Enhancement Fund Loan Guarantee

Program

Oregon Business

Development Department

(aka Business Oregon)

(Implementing)

$32,501,226 Blair.Sundell@

biz.oregon.gov

Oregon Oregon Business

Development Department

(DBA Business Oregon)

Oregon Royalty Fund Other

Oregon Business

Development Department

(aka Business Oregon)

(Implementing)

$12,000,000 thomas.schnell@

biz.oregon.gov

Oregon Oregon Business

Development Department

(DBA Business Oregon)

Business Oregon

Relender Program

Loan Participation

Program

Oregon Business

Development Department

(aka Business Oregon)

(Implementing)

$9,000,000 thomas.schnell@biz.

oregon.gov

Oregon Oregon Business

Development Department

(DBA Business Oregon)

Business Oregon Venture

Fund Program

Other

Oregon Business

Development Department

(aka Business Oregon)

(Implementing)

$15,000,000 Ricardo.Lopez@

biz.oregon.gov

Pennsylvania Pennsylvania Department

of Community & Economic

Development

PA-SSBCI Diverse Venture

Loan Program

Equity Capital

Program (Funds)

Pennsylvania Department

of Community &

Economic Development

(Implementing)

$17,000,000 [email protected]

Pennsylvania Pennsylvania Department

of Community & Economic

Development

PA-SSBCI Revolving Loan

Fund Program

Loan Participation

Program

York County

Economic Alliance

(Contracted),Women's

Opportunity Resource

Center (Contracted),VestedIn

(Contracted),Tioga County

Development Corporation

(Contracted),The Progress

Fund (Contracted),The

Enterprise Center

(Contracted),SEDA-COG

(Contracti

$125,838,132 [email protected]

U.S. DEPARTMENT OF THE TREASURY

STATE SMALL BUSINESS CREDIT INITIATIVE

Applicant

Name

Implementing

Entity Name

Name of Program

Overview

Program Type Administering

Entities

Amount

Requested

Contact

Pennsylvania Pennsylvania Department

of Community & Economic

Development

PA-SSBCI Equity Capital

Program

Equity Capital

Program (Direct)

Life Sciences Greenhouse

of Central Pennsylvania

(Contracted),Innovation

Works (Contracted),

BioAdvance (Contracted),

Ben Franklin Technology

Partners of Southeastern PA

(Contracted),Ben Franklin

Technology Partners of

Northeastern Pennsylvania

(Contract)

$125,000,000 [email protected]

Rhode Island State of Rhode

Island Department of

Administration

Capital Access Program CAP

Commerce Corporation

(Contracted)

$3,346,320 William.Ash@

CommerceRI.com

Rhode Island State of Rhode

Island Department of

Administration

Loan Participation

Program

Loan Participation

Program

Commerce Corporation

(Contracted)

$26,880,000 William.Ash@

CommerceRI.com

Rhode Island State of Rhode

Island Department of

Administration

Venture Capital Program Equity Capital

Program (Direct)

Commerce Corporation

(Contracted)

$31,500,000 William.Ash@

CommerceRI.com

South Carolina South Carolina Jobs-

Economic Development

Authority

South Carolina SSBCI

Loan Participation

Program

Loan Participation

Program

Business Development

Corporation

(Contracted),South

Carolina Jobs-Economic

Development Authority

(Implementing)

$50,342,659 NGreen@BDCofSC.

org

South Carolina South Carolina Jobs-Eco-

nomic Development

Authority

South Carolina SSBCI

Venture Capital Program

Equity Capital

Program (Funds)

South Carolina Jobs-Eco-

nomic Development Author-

ity (Implementing),InvestSC,

Inc. (Contracted)

$51,000,000 [email protected]

South Dakota Governor's Ofﬁce of

Economic Development

SD Works Loan Participation

Program

Governor's Ofﬁce of

Economic Development

(Implementing)

$60,010,454 Travis.Dovre@

sdgoed.com

Tennessee Tennessee Department of

Economic & Community

Development (TNECD)

TN Loan Participation

Program

Loan Participation

Program

Tennessee Department of

Economic & Community

Development (TNECD)

(Implementing)

$46,929,549 [email protected]

Tennessee Tennessee Department of

Economic & Community

Development (TNECD)

BuildTN Regional Seed

Program

Equity Capital

Program (Direct)

Tennessee Technology

Development Corp dba

Launch Tennessee

(LaunchTN) (Contracted)

$28,000,000 [email protected]

Tennessee Tennessee Department of

Economic & Community

Development (TNECD)

BuildTN Multi-Fund

Program

Equity Capital

Program (Funds)

Tennessee Technology

Development Corp dba

Launch Tennessee

(LaunchTN) (Contracted)

$12,000,000 [email protected]

Tennessee Tennessee Department of

Economic & Community

Development (TNECD)

BuildTN Tech Fund

Program

Equity Capital

Program (Direct)

Tennessee Technology

Development Corp dba

Launch Tennessee

(LaunchTN) (Contracted)

$30,000,000 [email protected]

Texas Ofﬁce of The Governor of

Texas

Texas Small Business

Credit Initiative (TSBCI)

Capital Access Program

CAP

Ofﬁce of The Governor of

Texas (Implementing)

$118,023,533 tsbci@gov.texas.gov

Texas Ofﬁce of The Governor of

Texas

Texas Small Business

Credit Initiative (TSBCI)

Loan Guarantee Program

Loan Guarantee

Program

Ofﬁce of The Governor of

Texas (Implementing)

$354,070,600 tsbci@gov.texas.gov

Utah Utah Governor's Ofﬁce of

Economic Opportunity

Loan Participation

Program

Loan Participation

Program

Utah Governor's Ofﬁce

of Economic Opportunity

(Implementing)

$27,602,400 [email protected].

U.S. DEPARTMENT OF THE TREASURY

STATE SMALL BUSINESS CREDIT INITIATIVE

Applicant

Name

Implementing

Entity Name

Name of Program

Overview

Program Type Administering

Entities

Amount

Requested

Contact

Utah Utah Governor's Ofﬁce of

Economic Opportunity

Loan Guarantee Program Loan Guarantee

Program

Utah Center for

Neighborhood Stabilization's

(UCNS) Utah Small Business

Growth Initiative (USBGI)

(Contracted)

$31,052,700 [email protected]

Utah Utah Governor's Ofﬁce of

Economic Opportunity

Capital Access Program CAP

Utah Governor's Ofﬁce

of Economic Opportunity

(Implementing)

$10,350,900 [email protected].

Vermont Vermont Economic

Development Authority

Vermont Loan

Participation Program

Loan Participation

Program

Vermont Economic

Development Authority

(Implementing)

$28,973,989 [email protected]

Vermont Vermont Economic

Development Authority

Vermont Equity Capital

Program (Direct)

Equity Capital

Program (Direct)

Vermont Center for

Emerging Technologies, Inc.

(VCET) (Contracted),Center

on Rural Innovation (CORI)

(Contracted)

$18,000,000 [email protected]

Vermont Vermont Economic

Development Authority

Vermont Equity Capital

Program (Funds)

Equity Capital

Program (Funds)

Vermont Economic

Development Authority

(Implementing)

$10,973,989 [email protected]

Virginia Virginia Small Business

Financing Authority

(VSBFA)

SSBCI Loan Participation

Program

Loan Participation

Program

Virginia Small Business

Financing Authority (VSBFA)

(Implementing)

$20,734,000 cheryl.bostick@sbsd.

virginia.gov

Virginia Virginia Small Business

Financing Authority

(VSBFA)

SSBCI Loans to CDFI

Program

Loan Participation

Program

Virginia Small Business

Financing Authority (VSBFA)

(Implementing)

$5,181,669 cheryl.bostick@sbsd.

virginia.gov

Virginia Virginia Small Business Fi-

nancing Authority (VSBFA)

SSBCI Venture Capital

Program

Equity Capital

Program (Funds)

Virginia Innovation Part-

nership Corporation (VIPC)

(Contracted)

$89,332,379 robert.stolle@

virginiaipc.org

Virginia Virginia Small Business

Financing Authority

(VSBFA)

SSBCI Loan Guaranty

Program

Loan Guarantee

Program

Virginia Small Business

Financing Authority (VSBFA)

(Implementing)

$31,101,000 cheryl.bostick@sbsd.

virginia.gov

Virginia Virginia Small Business

Financing Authority

(VSBFA)

SSBCI Venture Capital

Program (Direct)

Equity Capital

Program (Direct)

Virginia Innovation

Partnership Corporation

(VIPC) (Contracted)

$84,085,955 robert.stolle@

virginiaipc.org

Washington Washington State

Department of Commerce

(Commerce)

Washington State Venture

Capital Fund

Equity Capital

Program (Funds)

Washington State

Department of Commerce

(Implementing)

$49,000,000 Linda.Womack@

Commerce.WA.Gov

Washington Washington State

Department of Commerce

(Commerce)

Revenue Based Loan

Program

Loan Participation

Program

National Development

Council (NDC) (Contracted)

$13,000,000 Linda.Womack@

Commerce.WA.Gov

Washington Washington State

Department of Commerce

(Commerce)

Small Business Collateral

Support Program

Collateral Support

Program

Evergreen Business Capital

Community Finance

(Contracted)

$10,460,354 Linda.Womack@

Commerce.WA.Gov

Washington Washington State

Department of Commerce

(Commerce)

Micro and Small Business

Loan Fund

Loan Participation

Program

Calvert Impact Capital

(Contracted)

$65,000,000 Linda.Womack@

Commerce.WA.Gov

Washington Washington State

Department of Commerce

(Commerce)

Commercial Real Estate

Loan Program

Loan Participation

Program

Heritage Bank Community

Development Entity, LLC

(Contracted)

$26,000,000 Linda.Womack@

Commerce.WA.Gov

West Virginia West Virginia Jobs

Investment Trust

Seed Capital Co-

Investment Fund

Equity Capital

Program (Direct)

West Virginia Jobs

Investment Trust

(Implementing)

$37,494,495 WVCAP@wv.gov

West Virginia West Virginia Jobs

Investment Trust

Subordinated Debt Fund Loan Participation

Program

West Virginia Jobs

Investment Trust

(Implementing)

$29,610,303 WVCAP@wv.gov

U.S. DEPARTMENT OF THE TREASURY

STATE SMALL BUSINESS CREDIT INITIATIVE

Applicant

Name

Implementing

Entity Name

Name of Program

Overview

Program Type Administering

Entities

Amount

Requested

Contact

West Virginia West Virginia Jobs

Investment Trust

Collateral Support Fund Collateral Support

Program

West Virginia Jobs

Investment Trust

(Implementing)

$5,000,000 WVCAP@wv.gov

Wisconsin Wisconsin Department of

Administration

Wisconsin Forward Co-

Investment Fund

Equity Capital

Program (Direct)

Wisconsin Economic

Development Corporation

(WEDC) (Contracted)

$25,000,000 SSBCI_Info@

wedc.org

Wisconsin Wisconsin Department of

Administration

WHEDA Capital Access

Program

CAP

Wisconsin Housing and

Economic Development

Authority (WHEDA)

(Contracted)

$3,000,000 [email protected]

Wisconsin Wisconsin Department of

Administration

WHEDA Subordinate Loan

Participation Program

Loan Participation

Program

Wisconsin Housing and

Economic Development

Authority (WHEDA)

(Contracted)

$6,000,000 [email protected]

Wisconsin Wisconsin Department of

Administration

WHEDA Collateral

Support Program

Collateral Support

Program

Wisconsin Housing and

Economic Development

Authority (WHEDA)

(Contracted)

$6,000,000 [email protected]

Wisconsin Wisconsin Department of

Administration

WEDC Technology

Development Fund

Other

Wisconsin Economic

Development Corporation

(WEDC) (Contracted)

$8,125,677 SSBCI_Info@

wedc.org

Wisconsin Wisconsin Department of

Administration

WEDC Capital Catalyst

Fund

Loan Participation

Program

Wisconsin Economic

Development Corporation

(WEDC) (Contracted)

$6,000,000 SSBCI_Info@

wedc.org

Wisconsin Wisconsin Department of

Administration

Wisconsin Forward

Venture Fund

Equity Capital

Program (Funds)

Wisconsin Economic

Development Corporation

(WEDC) (Contracted)

$25,000,000 SSBCI_Info@

wedc.org

Wyoming Wyoming Business Council Wyoming Venture Funds Equity Capital

Program (Funds)

Wyoming Business Council

(Implementing)

$23,426,481 VentureCapital@

wyo.gov

Wyoming Wyoming Business Council Wyoming Venture Direct Equity Capital

Program (Direct)

Wyoming Business Council

(Implementing)

$35,000,000 VentureCapital@

wyo.gov

American

Samoa*

American Samoa

Government Department

of Commerce

Loan Guarantee Program Loan Guarantee

Program

American Samoa

Government Department of

Commerce (Implementing)

$32,537,178 [email protected]

American

Samoa*

American Samoa

Government Department

of Commerce

Loan Participation

Program

Loan Participation

Program

American Samoa

Government Department of

Commerce (Implementing)

$8,562,415 [email protected]

American

Samoa*

American Samoa

Government Department

of Commerce

Collateral Support

Program

Collateral Support

Program

American Samoa

Government Department of

Commerce (Implementing)

$5,708,278 [email protected]

American

Samoa*

American Samoa

Government Department

of Commerce

AS Co-Investment Fund Equity Capital

Program (Direct)

American Samoa

Government Department of

Commerce (Implementing)

$10,274,898

[email protected]

Commonwealth

of Puerto Rico

Economic Development

Bank for Puerto Rico (EDB)

Loan Participation

Program

Loan Participation

Program

Economic Development

Bank for Puerto Rico (EDB)

(Implementing)

$21,874,614

[email protected].gov

Commonwealth

of Puerto Rico

Economic Development

Bank for Puerto Rico (EDB)

Collateral Support

Program

Collateral Support

Program

Economic Development

Bank for Puerto Rico (EDB)

(Implementing)

$87,498,455 [email protected].gov

Commonwealth

of the Northern

Mariana

Islands*

CNMI Department of

Commerce

Loan Participation

Program

Loan Participation

Program

CNMI Department of

Commerce (Implementing)

$19,019,255 kcody@commerce.

gov.mp

U.S. DEPARTMENT OF THE TREASURY

STATE SMALL BUSINESS CREDIT INITIATIVE

Applicant

Name

Implementing

Entity Name

Name of Program

Overview

Program Type Administering

Entities

Amount

Requested

Contact

Commonwealth

of the Northern

Mariana Islands*

CNMI Department of

Commerce

Loan Guarantee Program Loan Guarantee

Program

CNMI Department of

Commerce (Implementing)

$19,019,254 kcody@commerce.

gov.mp

Commonwealth

of the Northern

Mariana Islands*

CNMI Department of

Commerce

Collateral Support

Program

Collateral Support

Program

CNMI Department of

Commerce (Implementing)

$19,019,254 kcody@commerce.

gov.mp

Guam Guam Economic

Development Authority

Loan Guarantee Program Loan Guarantee

Program

Guam Economic

Development Authority

(Implementing)

$36,280,720 tara.murakami@

investguam.com

Guam Guam Economic

Development Authority

Collateral Support

Program

Collateral Support

Program

Guam Economic

Development Authority

(Implementing)

$12,389,202 tara.murakami@

investguam.com

Guam Guam Economic

Development Authority

Destinu Guahan Venture

Corporation

Equity Capital

Program (Direct)

Guam Economic

Development Authority

(Implementing)

$10,000,000 tara.murakami@

investguam.com

United States

Virgin Islands

Virgin Islands Economic

Development Authority

(USVIEDA)

Loan Participation

Program

Loan Participation

Program

Virgin Islands Economic

Development Authority

(Implementing)

$25,500,000 [email protected]

United States

Virgin Islands

Virgin Islands Economic

Development Authority

(USVIEDA)

Loan Guarantee Program Loan Guarantee

Program

Virgin Islands Economic

Development Authority

(Implementing)

$22,860,549 [email protected]

United States

Virgin Islands

Virgin Islands Economic

Development Authority

(USVIEDA)

Collateral Support

Program

Collateral Support

Program

Virgin Islands Economic

Development Authority

(Implementing)

$5,000,000 [email protected]

United States

Virgin Islands

Virgin Islands Economic

Development Authority

(USVIEDA)

Payment Surety and

Performance Bond

Program

Loan Guarantee

Program

Virgin Islands Economic

Development Authority

(Implementing)

$4,500,000 [email protected]

*The following applications are under review as of March 31, 2023: Alabama, American Samoa, District of Columbia, Northern Mariana Islands, Mississippi

U.S. DEPARTMENT OF THE TREASURY

STATE SMALL BUSINESS CREDIT INITIATIVE