The SSBCI 2.0 program is available to owner-occupied small businesses with 500 employees or less and will target support for small business enterprises owned and controlled by socially and economically disadvantaged (SEDI) businesses and very small businesses with less than 10 employees.
The loan must be to owner-occupied small businesses. SSBCI cannot support loans to investors for passive real estate investments.
Small business owners may apply with an approved lender to utilize the SSBCI 2.0 programs offered. A list of the current enrolled approved lenders is provided on the website’s landing page. The lender will underwrite the loan according to their own underwriting guidelines and will set the rate and terms in accordance with SSBCI 2.0 guidelines. The lender will determine the program they wish to utilize for the small business loan.
Please contact an approved lender to begin your application for the SSBCI 2.0 program.
