Colorado State Small Business Credit Initiative

About this opportunity

Please note that there is no application specific to the State Small Business Credit Initiative (SSBCI) program. The federal SSBCI funds are being deployed through specific programs to which small business owners can apply. As a part of the federal American Rescue Plan Act (ARPA), the federal government passed the State Small Business Credit Initiative (SSBCI) bill to fund small business credit support and investment programs. This initiative was originally created in 2009 under the Obama Administration. Colorado’s allocated funding in 2009 helped create the Cash Collateral Support program designed to help small- to medium-sized businesses that had difficulty accessing capital due to a lack of collateral. Colorado has been allocated approximately $104.7 million and will receive these funds...