Business Oregon is offering several free webinars about the State Small Business Credit Initiative (SSBCI)

WASHINGTON — Today, the U.S. Department of the Treasury announced the approval of Oregon’s application for funding under the State Small Business Credit Initiative (SSBCI) for up to $83.5 million. President Biden’s American Rescue Plan reauthorized and expanded SSBCI, which was originally established in 2010 and was highly successful in increasing access to capital for small businesses and entrepreneurs. The new SSBCI builds on this successful model by providing nearly $10 billion to states, the District of Columbia, territories, and Tribal governments to increase access to capital and promote entrepreneurship, especially in traditionally underserved communities as they emerge from the pandemic. SSBCI funding is expected to catalyze up to $10 of private investment for every $1 of SSBCI capital funding, amplifying the effects of this funding and providing small business owners with the resources they need to sustainably grow and thrive. State governments submitted plans to Treasury for how they will use their SSBCI allocation to provide funding to small businesses, including through venture capital programs, loan participation programs, loan guarantee programs, collateral support programs, and capital access programs

Business Oregon is offering several free webinars about the State Small Business Credit Initiative (SSBCI) program in September. The webinar list is below. Descriptions of the webinar content, registration information, and additional details on plans for this investment can be found, here.

  • Sept. 7 | 9-11 a.m.: SSBCI Overview and Oregon’s Approach
  • Sept. 7 |  2-4 p.m.: Business Oregon Venture Fund Program and Business Oregon Venture Direct Program
  • Sept. 8 | 9-11 a.m.: Business Oregon Relender Program and the State of Oregon Loan Loss Reserve Program
  • Sept. 8 | 2-4 p.m.: Oregon Royalty and Angel Loan Program
  • Sept. 9 | 9-11 a.m.: Credit Enhancement Fund
  • Sept.9 | 1-3 p.m.: SSBCI Technical Assistance Funding

To learn more about the State Small Business Credit Initiative, visit Business Oregon’s website.