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Find similar grantsSmall Business Credit Initiative (PA-SSBCI) is sponsored by Pennsylvania Department of Community & Economic Development. Provides loans and equity investments to small businesses to support expansion and job creation.
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Pennsylvania State Small Business Credit Initiative (PA-SSBCI) - PA Department of Community & Economic Development Pennsylvania State Small Business Credit Initiative (PA-SSBCI) If you are a small business applying for the PA-SSBCI program, visit the SSBCI Program Administrator landing page to find your local economic development organization to apply.
The Pennsylvania State Small Business Credit Initiative (PA-SSBCI) provides funding to economic development partners for the implementation and administration of capital programs to support small businesses through loans and equity investments: The Revolving Loan Fund component provides funding or capital to economic development organizations in the Commonwealth to create or recapitalize revolving loan funds (RLFs) to support financing for Pennsylvania small businesses.
The revolving loan funds will be matched by private funding that will create lending and investments to small businesses that need additional support and resources to expand and create jobs.
The Direct Venture Investment component provides funding or capital to economic development organizations in the Commonwealth to provide seed and later-stage capital for existing and emerging companies involved in the development and commercialization of technologically advanced products and processes. Businesses will apply for funding through their local economic development organization.
The following economic development organizations are eligible to apply for the Revolving Loan Fund component: Certified Economic Development Organizations (CEDOs) Community Development Financing Institutions (CDFIs) Pennsylvania CDFI Network The following economic development organizations are eligible to apply for the Direct Venture Investment component: Ben Franklin Technology Partners (BFTPs) Life Sciences Greenhouses (LSGs) Pennsylvania has allocated $125,838,132 of funding to the Revolving Loan Fund component and $125,000,000 of funding to the Direct Venture Investment component.
Economic development organizations must submit the online Enterprise eGrants System. Required supplemental information outlined in Appendix I of the program guidelines must be attached electronically to the application as directed on the Addenda tab. Applications will be accepted between July 18, 2022 through August 19, 2022.
All applications and required supplemental information must be electronically submitted by close of business on August 19, 2022 . Businesses will apply for funding through their local economic development organization. A list of approved economic development organizations will be posted once funding has been allocated to each organization.
Certification Forms Library SSBCI, small business credit, direct venture investment, revolving loan, PA-SSBCI, small business loan Pennsylvania Minority Business Development Authority (PMBDA) Mixed-Use Revitalization Program High Performance Building Program (HPB) Local Share Account (LSA) – Luzerne County Renewable Energy Program (REP) - Geothermal and Wind Projects Public School Facility Improvement Grant Program Ben Franklin Technology Development Authority COVID-19 Venture Loan Program (BCVL) Orphan or Abandoned Well Plugging Program (OAWP) Manufacturing PA Industrial Resource Center Program
According to the current listing, eligibility includes: Small businesses in Pennsylvania. Confirm the full requirements in the official notice before applying.
Small Business Credit Initiative (PA-SSBCI) is funded by Pennsylvania Department of Community & Economic Development. Verify program details on the funder's official page before applying.
This opportunity targets applicants in Pennsylvania. 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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