The State Small Business Credit Initiative (SSBCI) has approved four state plans for funding of up to $353.4 million, according to a Feb. 27 statement from the U.S. Department of the Treasury.
In their statement, the Treasury Department said it has officially approved state and territorial proposals for more than $7 billion in SSBCI financing to promote small businesses and entrepreneurship and increase access to capital under President Joe Biden’s American Recovery Plan.
