February 7, 2023
The State Small Business Credit Initiative (SSBCI) outlined the key benefits of California Small Business Loan Program last week during a webinar for lenders and financial institutions.
They told lenders nationwide that “all eyes are on California” as they set the precedent for new regulations on state small business lending programs.
The U.S. Treasury has awarded $1.181 billion in SSBCI 2.0 funds to California, divided equally between CPCFA and IBank.
Lenders are able to enroll in SSBCI 2.0 now.
Check out the benefits of the programs here: