California Pollution Control Financing Authority

State Small Business Credit Initiative (SSBCI) General Information

California Pollution Control Financing Authority




History of the Original SSBCI

The State Small Business Credit Initiative was created through federal legislation in 2010 in order to improve access to capital by small businesses following the Great Recession.

The initial SSBCI program (SSBCI 1.0) was funded with $1.5 billion to strengthen state programs that support financing of small businesses. California received $168 million of the $1.5 billion, which was shared between two state agencies focused on small business support – the California Infrastructure and Economic Development Bank's (IBank) Small Business Finance Center and the California Pollution Control Financing Authority's (CPCFA) California Capital Access Loan Program, housed inside the State Treasurer’s Office.

For a review of the SSBCI 1.0 program results, as presented by the U.S. Treasury: https://home.treasury.gov/system/files/256/SSBCI-Summary-of-States-Annual-Report-2016_508-Compliant.pdf

For more information about the original SSBCI, visit the U.S. Treasury archive.

Introduction to SSBCI 2.0