The State Small Business Credit Initiative (SSBCI) was created through the Small Business Jobs Act of 2010 (the "Act"). SSBCI was funded with $1.5 billion to strengthen state programs that support financing of small businesses.  Treasury awarded funding to 47 states, the District of Columbia, 5 U.S. Territories, and municipalities in 3 states, based on their proportion of unemployed persons as a percentage of the national total.  Participating States funded new or existing state programs that fell into one of the following types: Capital Access Program (CAP), Collateral Support Program, Loan Guarantee Program, Loan Participation Program, or Venture Capital Program. General program parameters required Participating States to demonstrate a reasonable expectation of leveraging $10 of new small business financing for every $1 of SSBCI funding expended.

SSBCI Program Evaluation Report

This report presents an analysis of SSBCI program activity from 2011 to 2015. The reports draws on quantitative data reported to Treasury by the states combined with more than 200 telephone interviews with state program managers, several expert practitioner working group reports, more than 50 lender and investor interviews, and more than 20 site visits conducted between 2012 to 2015. From this data and cumulative insights, this report offers an assessment of program results and lessons for public-supported financing programs.