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The economy of Guam depends mainly on US military spending and on tourist revenue.
How can SSBCI funds be used? SSBCI funds will be used to support small business financing programs and provide technical assistance to small businesses applying for SSBCI and other government programs.
Under the law, business plans, trade secrets, and financial information submitted by applicants are generally considered confidential and are not subject to disclosure. The SSBCI guidelines detail at maximum annual management fee of 1.71%.
Welcome to the Guam Economic Development Authority (GEDA) website. Our mission is to develop a sound and sustainable economy through innovative programs that preserve and promote local culture, economic opportunities and quality of life.
SSBCI provides funding for participating jurisdictions to support businesses owned and controlled by socially and economically disadvantaged individuals (SEDI- owned businesses). This certification provides documentation that an SSBCI loan supported a SEDI-owned business.