Pennsylvania’s State Small Business Credit Initiative (SSBCI)
Pennsylvania's State Small Business Credit Initiative (SSBCI) is also known as of Pennsylvania Catalyst Loan Fund. The SSBCI was established under the American Rescue Plan Act of 2021 (ARPA) in response to the economic effects of the COVID-19 pandemic to help small businesses gain access to capital.
BCEDC has been selected to receive $1.4 million in funding in order to establish a revolving loan fund for small businesses in Bucks County. This program will allow BCEDC to engage with businesses and meet demand for smaller loans that do not typically fit our existing financing programs. BCEDC will receive and review all applications from eligible companies in Bucks County.
To learn more please fill out the form here www.bcedc.com/funding-sources/loan-programs/other/ssbci.
