The State Small Business Credit Initiative (SSBCI) Program is expected to provide Oregon with over $80 million to expand access to capital for small businesses emerging from the pandemic, build ecosystems of opportunity and entrepreneurship and create high-quality jobs.
The programs available under the initiative include:
• Venture Capital Programs
• Loan Participation Programs
• Loan Guarantee Programs
• Collateral Support Programs
• Capital Access Programs (CAPs)
John Saris, Finance Manager at Business Oregon, will provide a summary of how Oregon will be approaching the distribution of these funds, and how businesses and business lenders will benefit from the resource.