SSBCI Deadline Extended to February 2022 For Tribal Governments
December 10, 2021
The U.S. Department of Treasury has announced that the 2021 State Small Business Credit Initiative (SSBCI) program deadline for Tribal governments to initiate their online applications has been extended to February 11, 2022 at 11:59p.m. ET.
The American Rescue Plan Act of 2021 (ARPA) reauthorized and amended the Small Business Jobs Act (SBJA) of 2010, which originally established the SSCBI Program. SSBCI provides certain governments funding for 1) small business financing programs and 2) technical assistance to small businesses applying for SSBCI.
Tribal governments may use SSBCI funds to support eligible small business financing in any eligible manner it chooses. This includes supporting small businesses on tribal lands, small businesses in states where tribal lands or tribal members are located, and small businesses owned by tribal members anywhere within the United States.
ARPA authorized SSBCI Tribal government eligibility for the first time and provided a $500 million Tribal set aside. To Participate, all Tribal governments must submit a Notice of Intent (NOI) to Treasury by December 11, 2021.
Applications must have designation of implementing entity, identification of one or more key contacts, list of proposed programs, and statement on legal actions.
NAFOA held a webinar in partnership with the Department of Treasury on December 6th that outlines the SSBCI application process and provides tribal guidance.
For questions about the application, please contact the email provided by the Treasury at email@example.com.
For any other questions or concerns, please contact Nicholas Lovesee, NAFOA Senior Policy Advisor, at firstname.lastname@example.org.