Policy Alert: Treasury Extends SSBCI Application Deadline

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Policy Alert: Treasury Extends SSBCI Application Deadline

April 21, 2022

Earlier today, the U.S. Department of Treasury (Treasury) announced an extension to the State Small Business Credit Initiative for Tribal governments.

Tribal governments will now have until September 1st, 2022 to initiate and submit their complete SSBCI Capital Program applications.

From the Department of Treasury announcement: "The U.S. Department of the Treasury is extending the deadline for Tribal governments to initiate and submit their complete SSBCI Capital Program application to September 1, 2022, at 11:59 p.m. Eastern Time (ET) and the deadline to submit an application for the SSBCI Technical Assistance (TA) Grant Program to September 1, 2022, at 11:59 p.m. ET. Only Tribal governments that submit or are part of a Tribal joint application that submits a Capital Program application are eligible to submit or be part of a Tribal joint application that submits an application for the TA Grant Program.  To participate in the SSBCI program, Tribal governments were required to submit a Notice of Intent (NOI) to Treasury by December 11, 2021. A list of Tribal governments that submitted an NOI by this deadline can be found on Treasury’s website.  Treasury seeks to support all Tribal governments that are interested in participating in SSBCI. Treasury will provide information and technical assistance on capital applications to Tribal governments that submit questions to SSBCI_Information@treasury.gov."

For any other questions or concerns, please contact Nicholas Lovesee, Senior Policy Advisor, at Nicholas@nafoa.org.

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