SSBCI What It Offers for Georgia Small Businesses

The Small Business Jobs Act of 2010 (the “Act”) became law in the fall of 2010. The Act created the State Small Business Credit Initiative, funded with $1.5 billion to strengthen state lending programs that support small businesses and manufacturers. Of that total amount allocated, Georgia was allocated $47,808,507. Any approved program must ultimately generate $10 in private leverage for each public dollar awarded by the state.


The State of Georgia application to the US Treasury was approved and the allocation agreement executed in December 2011. Georgia’s SSBCI allocation agreement approves four programs.


  1. GA LPP (Georgia Loan Participation Program) - a new GA SSBCI program where the State purchases a participation (with Lender option to repurchase at any time) of up to 25% of an approved loan, for loans ranging from $100,000 to $5 million. Current Amount of GA SSBCI Funds Designated: $8 million
  2. Georgia Funding for CDFIs, a program whereby approved CDFIs utilize SSBCI funds to partner with banks in providing credit to underserved small businesses for eligible projects. Current Amount of GA SSBCI Funds Designated: $20 million
  3. Georgia SBCG, or Small Business Credit Guarantee, a 50% loan guarantee with a conversion option into a risk reserve pool offering up to 80% reimbursement for loan losses.  Current Amount of GA SSBCI Funds Designated: $17,808,507
  4. GCAP (Georgia Capital Access Program),  a risk reserve pool funded with borrower/lender fees matched with SSBCI funds.  Current Amount of GA SSBCI Funds Designated: $2 million


Advantages and Opportunities for Georgia Lenders

  • Credit enhancements to strengthen bank loans and reduce risk
  • Delegated lending model where lenders manage underwriting
  • Streamlined procedures and quick response to project loan requests
  • Opportunity for CRA credit



There are no scheduled events at this time. Stay tuned for announcements of future training events.

Other Links and Resources

For further information about the State Small Business Credit Initiative, visit

US Treasury Quarterly and Annual Reports

Office of the Comptroller of the Currency Feb. 7, 2013 News Release (PDF)

Office of the Comptroller Showcases Georgia SSBCI Success Story

ABA Newsletter, Commercial Insights (PDF)

SSBCI Program General Description Executive Summary as of 9-30-14 (PDF)

Presentation Archive

SSBCI Financial Institution Presentation September 2014 (PDF)

SSBCI Presentation - Southeast Georgia Small Business Resource Fair, Valdosta, GA - 8-5-14 (PPS)

SSBCI Presentation - OCC Conference in Macon, GA 3-12-2013 (PPT)

SSBCI Presentation - GA MTNS RC 3-5-13 (PPT)

SSBCI Presentation - Athens 12-6-12 (PPT)

Contact Information:

Holly Hunt at 404-679-3144
Timothy Smith at 404-679-0568
Joanie Perry at 404-679-3173
Rusty Haygood at 404-679-3152