State Small Business Credit Initiative (SSBCI) Technical Assistance Grant Program

Program Overview

Through an open and competitive application process, the Michigan Strategic Fund (MSF) selected qualified technical assistance (TA) providers to deliver one-on-one assistance to eligible Michigan entrepreneurs and small businesses who are applying for, preparing to apply for or have applied for capital funding from an SSBCI-supported program or other eligible federal program.

The SSBCI TA Grant Program prioritizes services from technical assistance providers that will meet program goals and serve businesses owned by socially and economically disadvantaged individuals (SEDI) and very small businesses (VSB), including services that can:

  • Increase awareness and readiness for entrepreneurs and small businesses applying for capital
  • Result in the successful acquisition of capital, and/or support throughout the length of their loan
  • Increase financial and business management skills
  • Support overall geographic coverage of businesses across the state

In October 2023 Lieutenant Governor Garlin Gilchrist II announced the nine grant winners for the SSBCI TA Grant Program. Read the full announcement here.

SSBCI TA Providers

Program Documents for Download

SSBCI TA Program Guidelines

SSBCI TA Application Guide

Frequently Asked Questions

US Treasury SSBCI Guidelines

SSBCI TA Application Budget Summary

More Information

The MSF will implement the SSBCI Technical Assistance Program through contracted service providers to create a coordinated, networked infrastructure of quality TA providers that deliver pre-loan and post-loan close assistance in all areas of the state.

When determining which eligible TA providers will receive funding, proposed programs and services that directly support entrepreneurs in accessing capital through Michigan’s SSBCI 2.0 capital programs and other non-COVID-related federal and state-backed loan and grant products will be prioritized.

The program aims to address barriers at the start and throughout the length of the loan – such as capital readiness, obtaining proper financial documentation, and building business acumen. Through this program, SEDI-owned businesses and VSB will have an increased likelihood of success in obtaining capital through participating lenders. Participating lenders are anticipated to include traditional financial institutions, CDFIs and minority deposit institutions (MDI).

TA providers applying for funding through Michigan’s SSBCI TA program are building a pipeline of eligible businesses for Michigan’s SSBCI capital programs – specifically the Loan Guarantee program, which will be deployed through CDFI and MDIs and primarily focused on first-time borrowers and microlending programs.

Contact Us

Need additional assistance? Please direct any questions to [email protected].