The State Small Business Credit Initiative (SSBCI) is a nearly $10 billion federal program to support small businesses and entrepreneurship in communities across the United States by providing capital and technical assistance to promote small business stability and growth.
There is a new tool in California to help connect small business owners with safe and affordable capital. California Small Business Loan Match gathers dozens of community development financial institutions (CDFIs) on one platform for a one-stop experience. All lenders have been pre-vetted and enrolled in IBank’s Loan Guarantee Program, which specializes in bridging the gap between responsible lenders and small businesses.
Congress has approved a new $1.9 trillion federal relief package, more commonly known as the American Rescue Plan. The stimulus legislation, the largest of its kind, includes several measures to help stabilize small businesses and the economy.
Learn about some of the key provisions that will aid struggling small businesses.