SSBCI Updates from ESD
Fri, Mar 11
|Webinar
In March, Ray Salaberrios from NYS ESD will be presenting two planning sessions for the CDFI community on the State Small Business Credit Initiative (SSBCI).
Time & Location
Mar 11, 2022, 12:00 PM – 1:00 PM
Webinar
About the event
In March, Ray Salaberrios from NYS ESD will be presenting two planning sessions for the CDFI community on the State Small Business Credit Initiative (SSBCI). We’ll hold the sessions on Zoom on Friday, March 4 and Friday, March 11 from 12 noon – 1 p.m.
New York State has submitted the SSBCI application and hopes to receive the first tranche of funds in mid-April. To ensure that NYS CDFIs are prepared to take advantage of the program, these two sessions will review timelines, eligibility, required documentation and other important topics.
ESD has not yet received the regulations on the TA component, but will discuss the following elements of the program, among others:
Capital Access Program (CAP)
Contractor Financing Program
Capital Project Loan Fund