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Find similar grantsArkansas Small Business Credit Initiative (SSBCI) is sponsored by Arkansas Development Finance Authority (ADFA). This opportunity supports mission-aligned projects and measurable outcomes.
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STATE SMALL BUSINESS CREDIT INITIATIVE (SSBCI) - Arkansas Development Finance Authority STATE SMALL BUSINESS CREDIT... STATE SMALL BUSINESS CREDIT INITIATIVE (SSBCI) The Arkansas Development Finance Authority (ADFA) is the implementing entity for the State of Arkansas and administrator of all programs. SSBCI is a $10 billion federal program administered by the Department of the Treasury.
It is a federal program administered by the Department of the Treasury that was created to strengthen capital programs that support private financing to small businesses, including capital access programs and other credit support programs (loan guarantees, loan participations, and venture capital investment programs) of eligible jurisdictions (i.e., states, the District of Columbia, territories, Tribal governments, and eligible municipalities).
Arkansas was awarded up to $81,621,691 payable in three tranches over 6 years, where 80% of each tranche must be expended to draw the next tranche of funds. The program requires an initial minimum of $1 private funds match for each $1 of SSBCI funds with a plan to produce $10 of private funds match for each $1 of SSBCI funds over the 9-year life of the program.
Treasury has mandated deployment of funds into the following specific targeted areas: Socially and Economically Disadvantaged Individuals (SEDI) Owned Businesses $16,557,075 Very Small Businesses (VSB) with less than 10 employees) $ 4,142,176 Additional Incentive Funds (available for meeting above targets $ 8,830,440 Main Capital Allocation for General Distribution to all Small Businesses $52,092,000 Total SSBCI Allocation Available to ADFA $81,621,691 ADFA will deploy funds through the following existing programs: Capital Access Program (CAP) $ 621,691 Small Business Revolving Loan Guaranty Fund $ 5,000,000 Bond Guaranty Loan Participation Program $15,000,000 Disadvantaged Business Enterprises Program $15,000,000 Arkansas Venture Development Fund (Fund to Fund Investment) $20,000,000 Arkansas Venture Capital Development Fund (Direct Company Investment) $26,000,000 Total Funds Deployed by ADFA Programs $81.
621,691 To learn more about SSBCI funding contact: Vice President of Development Finance
According to the current listing, eligibility includes: Small businesses in Arkansas. Confirm the full requirements in the official notice before applying.
The current listing shows up to $81,621,691. Verify award ceilings, matching requirements, and allowable costs in the official notice.
Arkansas Small Business Credit Initiative (SSBCI) is funded by Arkansas Development Finance Authority (ADFA). Verify program details on the funder's official page before applying.
This opportunity targets applicants in Arkansas. If your organization operates elsewhere, check the official notice for location requirements.
Start from the official opportunity page linked in this listing — it carries the sponsor's submission instructions.
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