New York State Small Business Credit Initiative (SSBCI)

Over $500M in New Funding to Help New York Small Business Recovery

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ESD Programs Offer Unprecedented Access to Capital for Loans, Equity and Technical Assistance for Small Businesses

More than $500 million in federal funding is now available to support the resurgence of small businesses across New York State through the State Small Business Credit Initiative (SSBCI), a program through the American Rescue Plan Act. Managed by the U.S. Department of Treasury, SSBCI provides funds to support programs for small businesses, including socially and economically disadvantaged individual (SEDI) owned businesses and very small businesses (VSB), to recover from the economic effects of COVID-19 and allow them opportunity to succeed in the post-pandemic economy. With this funding, Empire State Development (ESD) has developed a suite of capital access and equity programs to help New York State small businesses recover from the economic effects of COVID-19 and allow them the opportunity to succeed.

Find Out Which SSBCI Programs Can Help You


Please fill out the form below. After you tap the “Filter Programs” button, scroll down to see a list of programs within SSBCI that are the most relevant to you. Click on each resulting program title to learn more about that program and how to apply. While you can apply to some programs directly through the state, others require an application through partner organizations such as community lending institutions. As SSBCI programs continue to be developed, we will add more information to program pages.

SSBCI Programs You May Be Eligible For


No specific match was found under your selection criteria. However, see below for programs that you may still be qualified for to apply or learn more about.




Other SSBCI Programs You May Be Interested In



State Small Business Credit Initiative (SSBCI) Programs


Learn about the following SSBCI programs that Empire State Development has established to help your business thrive in New York State.

Capital Project Loan Fund

$106 million in SSBCI funding to provide direct loans for the growth of manufacturing and other eligible businesses within New York State, by assisting in financing a portion of the cost of acquiring and renovating existing buildings or constructing new buildings or for purchasing machinery and equipment.
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New York State Small Business Revolving Loan Fund Round 2

$55.5 million in SSBCI funding to provide shorter-term microloans and loans typically under $250,000. Addresses inequitable capital access by bridging the financing gaps facing new companies, under-banked communities and small businesses. Lending is provided by participating lenders.
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Capital Access Program

$29. 4 million in SBCCI funding for portfolio insurance for participating lenders designed to increase financing opportunities for New York State’s small businesses, socially and economically disadvantaged individual (SEDI) owned businesses and very small businesses (VSB). Loans provided via participating lenders.
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New York Forward Loan Fund 2

The New York Forward Loan Fund 2 is a $150 million expanded program offering qualifying small businesses and nonprofits access to capital from mission-driven lenders, with loans of up to $150,000 as well as free support services.
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New York State Surety Bond Assistance Program

$22 million in SSBCI funding to provide access to bid bonds, payment and performance bonds for contractors performing on publicly funded projects throughout New York State via participating surety companies.
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New York State Contractor Financing Program

$22 million in SSBCI funding to provide to contractors in need of working capital to deploy and execute federal, state, and local government related contracts via participating lenders.
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Emerging and Regional Partner Program Fund

$102 million in SSBCI funding for investing in diverse fund managers with first, second or third time funds, or with managers who will use the funds to invest in areas of New York State where venture capital is less readily available.
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Community and Regional Partner Program Fund

$52 million in SSBCI funding for partnerships with accelerators or other similar mentor-based programs to provide equity investments for high-growth New York State companies that are participating in those programs.
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Pre-seed and Seed Matching Fund Program

$30 million in SSBCI funding for equity investments in venture-backable start-up companies at the earliest stages of their development. This program is via a competitive application process with applicants evaluated to assess likelihood of venture scalability.
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New York State Innovation Venture Capital Fund

$35 million in SSBCI funding for equity investments for Seed through series B technology companies across New York State.
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Details of some SSBCI programs are being finalized.

Questions about SSBCI Programs?

Send an email to our Small Business and Technology Development Division team.

Discover How New York State Helps Small Businesses

Our Division of Small Business and Technology Development is a hub of programs and services designed to help your business grow and succeed.