$353 Million in SSBCI Funds Going to Small Businesses in 4 States | Small Biz Trends

The U.S. Department of the Treasury recently announced the approval of four additional state plans under the State Small Business Credit Initiative (SSBCI) in President Biden’s American Rescue Plan.

The funding will total up to $353.4 million, which brings the total of Treasury-approved state and territory plans to over $7 billion in SSBCI funding. The funds are intended to support small businesses and entrepreneurship by expanding access to capital.

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