As the federal Paycheck Protection Program subsides, another program can help struggling small businesses: the State Small Business Credit Initiative program, or SSBCI.It’s a program under which the U.S. Treasury Department distributes money to states, which then give the money to lending and financing organizations to help small businesses get access to capital.Small businesses in Pennsylvania, New Jersey, and Delaware will soon be able to accessNo. In 2011, more than $1.
5B in SSBCI aid was used to fund entrepreneurs across the country. The new program, which was signed into law last year as part ofOur business correspondent Gene Marks has more on the plan, its timeline, and, if you’re a small-business owner,The Preston & Steve Show on WMMR just locked in eight more years as the morning voice in Philly, securing a contract to remain on air until 2030.
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