State Small Business Credit Initiative Technical Assistance Grant Program (21.031)
State Small Business Credit Initiative Technical Assistance Grant Program (Assistance Listing 21.031) is run by the Departmental Offices, part of the Department of the Treasury. It awarded $162 million in 99 grants from fiscal 2021 to 2025, about $1.6 million per award on average. No funding opportunity is open on Grants.gov right now.
The typical award was $659,089. Half of the 99 awards fell between $104,036 and $2.1 million, and they ranged from $63,751 to $25.4 million.
- Awarded, FY 2021 to 2025$162 million
- Grant awards99
- Typical award$659,089
- Awarded in FY 2025$14.9 million
- Size rank664 of 1824
- Type of assistanceGrant
Key findings
- It is the 664th largest of 1,824 federal grant programs by five-year awards.
- The 20 largest recipients received 70% of the money.
- Awards went to recipients in 49 states and territories.
What the program funds
Section 3301 of the American Rescue Plan Act of 2021 (ARPA), Public Law No. 117-2 (March 11, 2021), reauthorized and amended the Small Business Jobs Act of 2010SSBCI statute, codified at 12 U.S.C. § 5701 et seq., to provide funding for (1) the SSBCI Capital Program and (2) technical assistance (TA) to support eligible small businesses applying for the SSBCI Capital Program and other federal or other jurisdiction programs that support small businesses. The SSBCI Formula TA Grant Program provides $200 million (due to Congressionally directed rescission in PL 188-47, the available funding is $196.3 million) in formula grants for technical assistance funding for states, territories, the District of Columbia, and Tribal governments (collectively, “jurisdictions”) that submitted complete and timely applications for the SSBCI Capital Program. These jurisdictions are the eligible recipients under the SSBCI Formula TA Grant Program. The SSBCI Formula TA Grant Program is intended to provide funds to eligible recipients to provide legal, accounting, and financial advisory services either directly or through legal, accounting, or financial advisory firms to very small businesses (VSB) and business enterprises owned and controlled by socially and economically disadvantaged individuals (SEDI-owned businesses), as those terms are defined in SSBCI guidance. The primary goal of the SSBCI Formula TA Grant Program is to help VSBs and SEDI-owned businesses meaningfully apply and participate in the SSBCI Capital program or other Federal or other jurisdiction programs that support small businesses. Eligible recipients may apply to Treasury for a portion of the SSBCI Formula TA Grant program funding. The deadline for eligible states, the District of Columbia, territories, and Tribal governments to submit a Formula TA application has passed. Treasury issued SSBCI Formula TA Grant Program Guidelines dated April 28, 2022. The SSBCI Formula TA Grant Program is related to and supports the SSBCI Capital Program and the SSBCI Competitive TA Grant Program. Under the SSBCI Capital Program, Treasury allocates funds to jurisdictions for small business financing programs, which includes loan participation, loan guarantee, collateral support, venture equity, and capital access programs. Under Section 3003(c)(5) of the SSBCI statute as codified at 31 U.S.C. 5702(c)(5), SSBCI Capital Program funding is not considered financial assistance for purposes of subtitle V of title 31, United States Code.
Open opportunities
No opportunity under this program is open or forecast on Grants.gov right now. Programs often post once a year, so the funding history below shows what to expect.
Rules from the program listing
Who can apply
SSBCI Formula TA Grant Program funding is available for states, the District of Columbia, territories, and Tribal governments that submitted complete and timely applications for the SSBCI Capital Program. These jurisdictions are the eligible jurisdictions of the SSBCI Formula TA Grant Program.
What the money can and cannot pay for
Business/Commerce, Economic Development. Grant funds provided to recipients under the SSBCI Formula TA Grant Program are intended to be used by eligible recipients to assist very small businesses (VSBs) and business enterprises owned and controlled by socially and economically disadvantaged individuals (SEDI-owned businesses) applying for the SSBCI Capital Program, or another Federal or other jurisdiction program that supports small businesses. Generally, the types of assistance will include Business/Commerce, Economic Development, and Training.Grant funds may not be used in a manner that is prohibited by the grant agreement, including in a manner that is prohibited by the SSBCI statute (12 U.S.C. § 5701 et seq.), Treasury’s SSBCI TA Grant Program guidance, including the SSBCI Formula TA Grant Program Guidelines and FAQs, and 2 CFR Part 200. Grant funds may not be used in a manner that is prohibited by the grant agreement, including in a manner that is prohibited by the SSBCI statute (12 U.S.C. § 5701 et seq.), Treasury’s SSBCI TA Grant Program guidance, including the SSBCI Formula TA Grant Program Guidelines and FAQs, and 2 CFR Part 200.;
Matching requirements
This program has no statutory formula. Matching requirements are not applicable to this assistance listing. MOE requirements are not applicable to this assistance listing.
Deadlines
Apr 28, 2022 to Oct 27, 2023 The deadline for SSBCI Formula TA Grant Program applications has passed for eligible recipients that are states, the District of Columbia, territories, and Tribal governments.
Award range and average, in the agency's words
The range of assistance provided is based on a formula determined by the type of applicant (State, the District of Columbia, Territory, or Tribal Government) as applicable.
Examples of funded projects
Fiscal Year2024: One state has partnered with nine organizations to provide legal, accounting, and financial advisory services to very small and underserved businesses across the state. The providers prepare businesses to apply for financial assistance from state and/or federal small business programs, including SSBCI capital programs. The providers’ services include one-on-one technical assistance and focus on loan preparation, financial statement development, and general wrap around support needed by very small and underserved businesses. Another state’s small business division oversees a network of 30 technical assistance partners that provide legal, accounting, and financial advisory services and increase the capacity of very small and underserved businesses to obtain capital from providers of SSBCI-supported capital. The providers offer one-on-one and classroom-style training to help businesses: • Build legal, accounting, and financial management skills. • Increase awareness of capital support programs. • Navigate the financing process. The technical assistance program utilizes a technology platform and community-focused outreach partners to connect very small and underserved businesses to technical assistance providers. A territory promotes economic development through its various units, including banks, to assist businesses accessing capital and offer legal, accounting, and financial advisory services to very small and underserved businesses.
Funding history and past recipients
From fiscal 2021 to 2025, State Small Business Credit Initiative Technical Assistance Grant Program (21.031) awarded$162 million across 99 grant awards, an average of $1.6 million per award.
Who usually wins
State and local governments received 92% of the money, tribes 6.2% and businesses 1.6%.
| Recipient type | Awards | Amount | Share |
|---|---|---|---|
| State and local governments | 49 | $150 million | 92% |
| Tribal governments and organizations | 42 | $10.1 million | 6.2% |
| Businesses | 8 | $2.6 million | 1.6% |
By state
39 states have a page for this program: those that received at least $1 million or 10 awards.
| State | Awards | Amount |
|---|---|---|
| California | 12 | $26.2 million |
| New York | 2 | $11.2 million |
| Illinois | 1 | $6.8 million |
| Oklahoma | 9 | $6.6 million |
| North Carolina | 2 | $6.5 million |
| Georgia | 1 | $6.2 million |
| Michigan | 3 | $6.2 million |
| Pennsylvania | 1 | $5.5 million |
| Ohio | 1 | $5.2 million |
| Arizona | 3 | $5.2 million |
| New Jersey | 1 | $4.3 million |
| Virginia | 1 | $4.1 million |
| Puerto Rico | 1 | $3.9 million |
| Tennessee | 1 | $3.8 million |
| Washington | 1 | $3.5 million |
| Maryland | 1 | $3.3 million |
| Louisiana | 3 | $3.2 million |
| Alabama | 1 | $3.1 million |
| South Carolina | 1 | $3.1 million |
| Missouri | 1 | $2.9 million |
| Indiana | 1 | $2.9 million |
| Wisconsin | 5 | $2.7 million |
| Minnesota | 6 | $2.6 million |
| Colorado | 1 | $2.4 million |
| Mississippi | 1 | $2.4 million |
| Oregon | 2 | $2.3 million |
| Nevada | 3 | $2.2 million |
| South Dakota | 3 | $2.2 million |
| Arkansas | 1 | $2.1 million |
| Connecticut | 1 | $1.9 million |
| New Mexico | 1 | $1.6 million |
| West Virginia | 1 | $1.5 million |
| Iowa | 1 | $1.4 million |
| Utah | 2 | $1.3 million |
| Kansas | 1 | $1.3 million |
| Alaska | 6 | $1.2 million |
| Idaho | 2 | $1.1 million |
| Maine | 2 | $1.1 million |
| Nebraska | 2 | $1.1 million |
| District of Columbia | 1 | $793,268 |
| Hawaii | 1 | $792,935 |
| New Hampshire | 1 | $756,778 |
| Delaware | 1 | $724,423 |
| Guam | 1 | $573,977 |
| North Dakota | 1 | $572,143 |
| Vermont | 1 | $526,819 |
| U.S. Virgin Islands | 1 | $521,109 |
| American Samoa | 1 | $470,304 |
| Northern Mariana Islands | 1 | $468,670 |