Colorado Business Credit Application
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FAQ
State Small Business Credit Initiative. The State Small Business Credit Initiative (SSBCI) was originally created through federal legislation ? the Small Business Jobs Act of 2010. The program is designed to help states address the challenges small businesses face in securing financing.
Eligibility for SSBCI must be determined based on identifying the enrollee as a chronically ill enrollee, using the statutory definition, and if the item or service has a reasonable expectation of improving or maintaining the health or overall function of the enrollee.
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.
SSBCI provides funds to states, the District of Columbia, territories, and Tribal governments to promote American entrepreneurship, support small business ownership, and democratize access to capital across the country, including in underserved communities.
The State of Texas' State Small Business Credit Initiative (SSBCI) allocation agreement has been signed by the U.S. Department of the Treasury, funding the Texas Small Business Credit Initiative programs.
