Depa Treasury State Small Busin ess Credit Frequently ... adm n to strength rs. In conjun n lending to s to expand a ortunity to bu pital Access rams, loan p ... , Guam, Ame in the

State Small Bu FAQs

General In

1. What is

The SSBCIfunded wand smallspur up toinvestmenmunicipalprogramscollateral programs

2. How lo

The SSBCISecretary 27, 2017. expire as Treasury a

3. How m

The enactout a formmunicipalAct to eachttp://ww

4. Can stafor CAPs?

Yes. CAPsinstitutioneligible mto standaexample, institution

usiness Credit Initi

nformation

s the State Sm

I is a Federal ith $1.5 billio manufactureo $15 billion ints they needlities the opp, including Casupport prog.

ong will the SS

I is a one‐timeof Treasury tThe obligatiooutlined in thand the parti

much SSBCI fu

ting legislatiomula that calclity. For easech state, terriww.treasury.g

ates, territori?

are establishns have comm

municipalities wrdize several the states, tens to participa

ative Application

Freq

mall Business

program admon to strengthers. In conjunn lending to sd to expand aortunity to buapital Access grams, loan p

SBCI operate

e program of to implementons of participhe terms of thcipating state

nding is avail

n for the SSBculates the ame of referencetory, and eliggov/ssbci for

es, and eligib

hed and admimented to Trewould increaprogram chaerritories, or eate in the pro

uently Ask

s Credit Initia

ministered by hen state progction with levsmall businesnd create jobuild upon or cPrograms (CAarticipation p

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f limited duratt and ad006Dpating states he Allocation es, territories

lable to my s

CI, the Small mount of funde, the SSBCI wgible municipamore details.

ble municipal

nistered by eeasury that stse the prograracteristics theligible municogram; create

ked Questi

ative (SSBCI)?

the Departmgrams that suveraged privasses and manbs. The SSBCI create succesAPs), and Othprograms, loa

tion. The autDinister the prand territorieAgreement. Aand municip

tate, territor

Business Jobds available towebsite includality. Please v.

ities work to

each jurisdictitandardizing Cam's efficienchat would inccipalities coule similar enro

U.S. Depa

State S

ions (FAQs

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ment of the Trupport privateate financing,ufacturers thallows statesssful models fher Credit Supan guarantee

horities and drogram termies to performAllocation Agpalities will ex

ry, or eligible

s Act of 2010o each state, des the maximvisit the webs

ogether to sta

on, individuaCAP rules acrcy and usabilitcrease uniformld use similarollment forms

artment of th

mall Busin

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easury (Trease financing to, the SSBCI is hat are not ges, territories afor state smapport Programprograms, an

duties of the nate on Sept

m and report ogreements bexpire on Marc

municipality

0 (P.L. 111‐240territory, and

mum amountssite at

andardize the

ally. Several fiross states, tety. States havmity across jur enrollment fs for each loa

he Treasury

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sury) which wo small busineexpected to hetting the loanand eligible ll business ms (OCSPs) sund venture ca

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State Small Bu FAQs

rules for eGuidelineare consislenders; aThe resultrecordkeeto particip More unifwould becmunicipalimplemen A collaterparticipatlikely to mjurisdictiofinal desig

5. May stOCSP?

Yes. The AOCSP) is aterritory onew progan experie

6. Are fun

No. Sectioeligible mof subtitleassistance


eligible borros; standardizstent with theand use similat could be saveping, and mapate in the CA

formity in CAcome more falities would bnt for financia

al benefit is tte in CAPs in smake the effoons, financial gn of CAPs is

ates, territor

Act allows a padministered or municipalitrams to obtaenced admin

nds transferre

on 3003(c)(5) municipalities e V of title 31e or a grant, m

ative Application

wers and usee the amounte SSBCI Policyar forms to dovings for finananagement exAP and origin

P program deamiliar with tbecome moreal institutions

that creating smaller statesrt to participainstitutions cleft to the dis

ries, or eligibl

participating sby another stty. This optioin the advantistrator may f

ed under SSB

of the Act spunder the SSB of the Unitedmany federal

e of loan proct of borrowery Guidelines; ocument the ncial institutioxpenses. In thate more loa

esign would athe CAP rules streamlined. of all sizes.

more uniforms. When CAP ate. Howeveran offer CAPsscretion of sta

e municipalit

state to entertate or by an n allows statetages of usingfacilitate the

BCI considere

pecifically statBCI program d States Codeassistance or

eeds, which ar and lender pagree on the recovery of aons on staff the end, lowerns.

also help smaand the adm. The end res

mity across CAloan demandr, if the progrs in all locatioates, territori

ties contract

r contracts in authorized aes, territoriesg an experienlaunch of a n

d a grant or o

tes that fundsare not consie. Because SSr federal gran

U.S. Depa

State S

are consistenpayments to tform and freany loan lossetraining, loan r CAP costs sh

ller financial ministration byult should be

APs could encd is uncertain,rams are stanons with littleies, and eligib

for the admi

which its SSBagent of, or ens or eligible mced public ornew program

other type of

s transferred idered federaSBCI funds arent reporting re

artment of th

mall Busin

nt with the SSthe CAP reseequency of rees from the CAoperations, bhould motiva

institutions by the state, tee that CAPs be

courage finan, financial insdardized acroe extra cost. Uble municipali

inistration of

BCI‐supportedntity supervismunicipalities r private admand save exp

f federal assis

to states, teral assistance fe not consideequirements

he Treasury

ness Credit

Pag

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BCI Policy rve fund whicporting from AP reserve fuback office te more lend

because custoerritory or eliecomes easie

ncial institutiotitutions are oss large and Ultimately, theities.

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f their CAP or

d program (CAsed by, the stathat are launinistrator. Uspenses.

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State Small Bu FAQs

7. How whave not State’s AlPosted Jul

Section 30discretionState by tAgreemen

Treasury wJune 30, 2implementhe availaState will Period, wfor its secexpects toat that timun‐transfe

This policyoccurred Section 6.

Applicatio

1. Who is

Eligible apPuerto RicStates VirUnited Sta

2. Under w

A municipNotice of 27, 2011. Notice of


ill Treasury ebeen disburslocation Agrely 15, 2013

003(c)(4) of tnary authorityhe two‐year nt also sets o

will deem any2015 and quanting its Apprability of any Aretain accesshich is Marchcond disburseo conduct an me to determerred funds.

y does not afunder Section.2 of the Alloc

on Related Q

eligible to ap

pplicants incluco, the Commgin Islands; aates to which

what conditi

pality may appIntent by NovNote that as Intent.

ative Application

exercise its dised to a Partieement?

he Small Busiy to terminateanniversary out this requir

y Participatinlifies to receioved State PrAllocated Funs to the full amh 31, 2017. Foement of Allocanalysis of thine whether

fect Treasuryn 6.1 of the Acation Agreem

Questions

pply for fund

ude all statesmonwealth ofnd under theh the Act has g

ons may a m

ply for fundinvember 26, 2of May 2010

scretionary acipating Stat

iness Jobs Acte the availabiof the date ofement.

g State that sve that disburograms. Fornds that remamount of its Aor any Particicated Funds the ParticipatinTreasury sho

y’s authority tAllocation Agrment.

s?

of the Unitedf Northern Mae circumstancgiven a specia

unicipality ap

ng if the state2010, or if the0, only the sta

authority to te within two

t of 2010 proility of SSBCI ff the Allocatio

submits its seursement to hr such a Particain un‐transfeAllocated Funpating State tthrough a subng State’s prould exercise i

to determine reement and

d States, the ariana Islandsces described al permission

pply for fund

e in which thee state fails toates of Wyom

U.S. Depa

State S

terminate theo years of the

vides the Secfunds not traon Agreemen

econd disburshave made sucipating Stateerred as of thnds for the duthat Treasurybmission madogress in impits authority t

that a generato exercise th

District of Cos, Guam, Amein the Act, a

n under Sectio

ing?

e municipalityo submit an apming and Nort

artment of th

mall Busin

e availability date of the P

cretary of thensferred to at. Section 7.1

ement requeufficient progre, Treasury wat date, and turation of they determines de by June 30lementing itsto terminate

al event of dehe remedies s

olumbia, the Cerican Samoamunicipality on 3004(d) of

y is located fapplication forh Dakota hav

he Treasury

ness Credit

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of funds thatParticipating

e Treasury wit Participating1 of the Alloc

est by ress in ill not terminthe Participate Allocation Tihas not quali

0, 2015, Treass SSBCI prograthe availabili

efault has set forth in

Commonweaa, and the Unof a State of f the Act to ap

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State Small Bu FAQs

3. What a

States, tesupport pTo be elig

i. Pea

ii. Rb

iii. Pinth

iv. Pfe

To be elig

i. $ii. In

wiii. Th

av

In additiothat, whenew smalfurther inThe applicmunicipalmoderateminority‐o

4. What is

Any state,meets theon the SSterritoriesmunicipal


are the eligibi

rritories, andprograms (OCSgible for fundi

rovide portfoach financial equire insuraorrowers to trovide for conn amounts at he borrower arovide portfoewer employe

gible for fundi

1 of public sundividual guarwith 750 emplhe program wverage princi

n, states, terrn consideredl business lenformation ancation for CAlities plan to ue‐income, minowned small

s the process

, territory, ore eligibility criBCI website as must be reclities must be

ative Application

ility criteria f

eligible munSPs). ing, a CAP is r

olio insuranceinstitution; ance premiumthe reserve funtributions toleast equal toand the finanolio insuranceees.

ing, an OCSP

upport will resrantees will boyees or fewwill target borpal amount o

ritories, and e together, itsnding for eachnd examples. Ps and OCSPsuse SSBCI funnority, and otbusinesses.

s for applying

eligible muniteria may apat http://wwwceived by Treae received by

or programs

icipalities ma

required to:

e for business

ms to be paid und in order to be made byo the sum of tcial institutioe solely for loa

must demons

sult in at leasbe limited to lwer; and rrowers with of $5 million o

eligible munics eligible CAP h $1 in Federa

s must also innds to providether underser

g for funds?

icipality that ply for SSBCI w.treasury.goasury by 5:00Treasury by 5

under the SS

ay use SSBCI f

loans based

by the financto have their y the state, tethe amount oon to the reseans not excee

strate:

t $1 of new poans of no gr

500 or feweror less.

cipalities musand eligible Oal funds. Plea

nclude a repore access to carved commun

establishes afunds by acc

ov/ssbci. Com PM ET on Ju5:00 PM ET o

U.S. Depa

State S

SBCI?

funds for CAP

upon a separ

cial institutionloans enrollerritory , or mof the insuranerve fund for aeding $5 millio

private financreater than $

r employees a

st demonstratOCSPs will resase refer to th

rt stating howapital for smanities, includin

a new, or has essing the ap

mpleted applicne 27, 2011. n September

artment of th

mall Busin

Ps as well as o

rate loan‐loss

n lenders anded in the reserunicipality tonce premium any newly enon to borrow

cing; 20 million an

and seek to m

te a reasonabsult in a minimhe SSBCI Polic

w the state, teall businesses ng women‐ a

an existing, Cpplication andcations from sApplications r 27, 2011. Mu

he Treasury

ness Credit

Pag

October

other credit

s reserve fund

d by the businrve fund; o the reserve charges paid

nrolled loan; awers with 500

d to borrowe

make loans wi

ble expectatiomum of $10 ocy Guidelines

erritory, or elin low‐ and nd

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CAP or OCSP td its attachmestates and from eligibleunicipalities

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10, 2014

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ness

fund d by and or

ers

ith an

on of for

ligible

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State Small Bu FAQs

interested Treasury w

5. Must a

No. If a stestablish that are in The Act reAgreemento provide

6. Can staCAP reser

Yes. CAP rof the inslender. Thsupport tothe sum o

7. How ca

OCSPs ma

• Each of all the appexpectatio

• Private consisten

• SBA‐gua

Due to thapplicatio


d in applying

will review th

n applicant h

ate, territoryone in order n the process

equires that ant, to act on pe.

ate, territory,rve funds?

reserve fundsurance premihe state, terrio the reserveof the borrow

an an Applica

ay use availab

the OCSPs mproved SSBCIon.

lenders or invt with the SSB

aranteed loan

e variety of pons on a case‐

ative Application

should look f

he application

have an existi

, or eligible mto obtain SSBs of creating o

a CAP or OCSPproviding the

, municipal, a

s are eligible tium charges ptory, or mun fund. Howev

wer and financ

ant use public

ble public fun

ust meet the programs m

vestors must BCI Policy Gu

ns and other f

program struc‐by‐case basis

for further inf

ns in the orde

ing SSBCI‐elig

municipality dBCI funding. Tor starting pro

P be fully pos kind of credi

and private fu

to receive SSBpaid by the smicipality may ver, the SSBCcial institution

c funds in an

ds, subject to

1 to 1 privatust demonstr

have a meanidelines.

federally guar

ctures that ares.

formation on

er in which the

gible program

oes not haveTreasury will pograms.

sitioned, withit support tha

unds be used

BCI funds in amall businessuse any otheI funds cannon lender cont

OCSP?

o the SSBCI Po

e leverage elirate the abilit

ingful amoun

ranteed loans

e possible, Tr

U.S. Depa

State S

the SSBCI we

ey are receive

m in order to

e an existing Cprovide techn

in 90 days of at the CAP or

in combinat

an amount eqs borrowers aer sources of fot be used to tributions.

olicy Guidelin

igibility requity to meet th

nt of capital r

s may not be

reasury reserv

artment of th

mall Busin

ebsite, beginn

ed.

be eligible to

CAP or OCSP, nical assistanc

the executioOCSP progra

tion with SSB

qual to the suand by the finfunds to provmatch any am

nes:

rement and, e 10 to 1 leve

esources at r

credit‐ enhan

ves the right

he Treasury

ness Credit

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ning in late‐Ju

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o apply?

officials mayce to applican

on of the Allocm was establ

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CI funds to fu

um of the amoancial institutvide additionamount in exce

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taken togetheraging

isk, which is

nced by OCSP

to evaluate

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State Small Bu FAQs

8. QuestioapplicableApplicant

A recommupon whiterritory, charter aninstrumenmunicipalbe deploybudget reconcerns

9. The Ap

The desigmunicipaldepartmefunds; (2)applicatiothe applicallocationallocation

10. The Athese ass

The assurentity thainstitutioninvestmenthe 19 speapplicablethe preva

11. How ssmall bus


on 1E of the Ae law have bet's proposed

mended respoch the designor eligible mund express aunt. Secondly, l budget procyed for the usesolution in thand unique a

pplication req

nation letter lity. This letteent, agency or the designaton; (3) the descant expects tn agreement; n agreement w

Application inurances?

ances in Format may be idenn lenders or ints. It may beecified statute. With respeiling wage re

should an appsinesses in low

ative Application

Application aeen taken thaprogram(s). W

onse to Questnated agency unicipality wiuthorizations the narrativecess and how ses in the apphe state legislaspects of stat

quires a desig

should comeer must exprer political subted entity is resignated entitto use contra(4) the desigwith Treasury

cludes standa

m SF‐424B apntified in the nvestors in sme helpful to noes or regulatict to item 9, tquirements c

plicant documw‐ and mode

asks for documat are necessWhat should

tion 1E includis able to entth Treasury. Tfrom the state should discufunds transfe

proved applicalative body. Rte law that m

nation letter

e from governessly state thabdivision namesponsible foty will be respctors ) and is nated entity hy.

ard non‐cons

ply only to thapplication).mall businessote that with ions that wouthe Act is notcontained the

ment its planerate‐income,

ments showisary to enablewe include in

des a narrativter into bindinThis will typicte to act on ituss the uniqueerred from Tration. In somResponses to may need to b

r. What shoul

nor of the statat: (1) the goved in the appor the implemponsible for oresponsible fhas all necess

struction assu

he applicant (aThe assurances nor to therespect to iteuld make the t one of the Derein are not a

s to use SSBC, minority, an

U.S. Depa

State S

ng that all lege the designen our respon

e statement tng agreemencally involve dts behalf throe aspects of treasury for the states, this this questione addressed

ld it say?

te or the chievernor or chieplication to acmentation of toverseeing thfor all reportisary legal aut

urances in Fo

as distinguishces in SF‐424 small busineem 5 of the SIntergovernm

Davis‐Bacon Aapplicable to

CI funds to prnd other und

artment of th

mall Busin

gal actions pee to implemse?

that describets on behalf odiscussion of ough a state rthe state, terrhe purposes oinvolves the

n alert Treasuduring closing

ef executive oef executive hccept the SSBthe programshe programs aing requiremethority to ente

orm SF‐424B.

hable from thB do not appesses that recSF‐424B, the Amental PersonAct related acthe use of SS

rovide accesserserved com

he Treasury

ness Credit

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ursuant to ment the

es the authoriof the state, the entity’s esolution or oritory, or of this programpassage of a ry to potentiag.

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of the territorhas designateBCI allocated included in tand contractoents under ther into an

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Who must m

he contractingly to the finaeive loans anAct is not onennel Act cts and therefSBCI funds.

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10, 2014

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State Small Bu FAQs

including Question funds procommunit

An applicaand relevastrategiesaccess to An accept

• Describe

The applicway of exitself (e.g.geographto dissem(e.g., semnewslette The plan ibetween T

• Describeinclude soallocationoccurred monitor tresults malending insubsequeprogram d

12. How callocation

As describfunding, tother CAPfederal coamount. Bboth CAPs


women‐ and

2D in the appvide a narratties.

ant's plan shoant to local ms a state decidcapital for smtable plan wil

e how the ap

cant may havample, some., providing reies or populainate informa

minars and oneers that reach

is part of the Treasury and

e how the apome way for tn time period.(e.g., how mahe actual loaay be comparn general. Trently report odocuments.

can applicantn period?

bed in furtherthe applicant Ps and/or OCSontributions tBecause privas and OCSPs w

ative Application

d minority‐ow

plication requive describing

ould be sufficmarket conditdes to use in omall businessel:

plicant will pr

ve different st applicants peduced pricintions). Otheration throughe‐on‐one couh target popul

application t the participa

plicant will mthe applicant . For exampleany seminars n volume to tred to prior yasury does non their plan, b

ts demonstra

r detail in themust demonSPs proposedto generate smate leverage rwill meet the

wned small bu

uires that a stg its plan to p

ient to allow ions. Plans worder to proves. The exact

rovide access

trategies for dlan to provideng or enhanceapplicants prh organizationunseling; advelations).

hat is incorpoating state, te

monitor perforto periodical

e, some applicwere held antargeted grouears' results, ot require pabut they shou

te that they w

e SSBCI Policy strate a "reasd for SSBCI funmall businessratios for CAP private lever

usinesses?

ate, territoryprovide acces

the Treasuryill vary due tovide features of th

s to capital fo

different groue access to caed risk mitigatrovide accessns that have bertisements in

orated by refeerritory, or mu

rmance relatilly assess if thcants track thnd how manyups or to low‐to the regionrticipating stauld maintain t

will achieve t

Guidelines, isonable expending, such ps lending at leP programs terage ratio exp

U.S. Depa

State S

y, or eligible ms to capital to

y to evaluate wo local circum

he plan are le

r these small

ups referenceapital throughtion as an incs to capital thbusiness relatn specialized

erence in theunicipality.

ive to the plahe plan is on‐the actual outry businesses a‐ and moderan's business dates, territorithe monitorin

the 10:1 leve

n order for Oectation" thatprograms togeeast 10 times end to be quitpectation in t

artment of th

mall Busin

municipality ao the above‐r

whether the mstances and

eft to the app

businesses.

ed in the SSBBh the design ocentive for tarrough a conctionships witmedia; perio

Allocation Ag

an. An acceptatrack over thereach activitieattended). Soate‐income codemographicsies or municipng records wi

erage ratio by

OCSPs to be el, when considether have ththe SSBCI cote high, mosthe first year o

he Treasury

ness Credit

Pag

October

applying for SSreferenced

plan is substaprecisely wh

plicant’s discr

BCI statute. Bof the progrargeted certed campah target groudic e‐mailed

greement

able plan shoe course of thes that have ome applicantommunities. Ls, or to privatpalities to ith the other

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ligible for SSBdered with ale ability to usntribution applicants wof the allocat

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BCI l se

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State Small Bu FAQs

period (plaverage p

Treasury rfirst calenOCSP progincome, inperiod's rexamples

13. Whenterritory ofederal, s

Yes. A parthat is creor is the rand (c) th

Post‐App

1. What is

The applicapplicatioprocessininclude al

2. Once areceive th

The allocathe receipto use theavailable t

3. How doFunds?


lease see the private levera

recognizes thndar year of thgrams will recn order to acheporting peri.

n calculating tor municipalitate or local

rticipating staedit‐enhancedresult of, an Se lender or in

lication / Rev

s the likeliho

cation for SSBons that meetg, applicants l supporting d

state, territohe SSBCI fund

ated funds arpt of the fully e SSBCI fundsto be transfe

oes a Particip

ative Application

SSBCI Policy ge ratio when

hat some OCShe allocation cycle SSBCI fuhieve the 10:od, which is D

the 10:1 leveity count SBAincentives?

ate, territory od by federal, sSBCI‐supportnvestor has at

view Related

od of an app

BCI funding ist the criteria sshould makedocumentatio

ory, or municds?

e available insigned Allocaas collateral rred in a sing

pating State m

Guidelines fon the applican

Ps, by designperiod. Applunds, attract s1 private leveDecember 31

rage expectaA‐guaranteed

or municipalistate or local ted transactiot least some o

Questions

lication being

not a compeset forth in the every effort on, as applica

cipality receiv

thirds. The tation Agreemfor a qualifyile lump sum.

make a reque

or more informnt intends to

, may not meicants shouldsubsequent perage ratio ex1, 2016. Pleas

ation for privad loans or oth

ty may countincentives pr

on, (b) the capof its own cap

g approved?

etitive award he Act and in to ensure thaable.

ves an Allocat

ransfer of thement. If the stang loan or sw

est for its seco

U.S. Depa

State S

mation aboutoperate both

eet the 10:1 led demonstrateprivate financxpectation byse refer to the

ate financingher financing

t SBA‐guarantrovided that (pital comes dpital at risk.

process. Treathe SSBCI Poat their applic

tion Agreeme

e first third wate, territory,wap funding fa

ond or third d

artment of th

mall Busin

t how to calcuh CAPs and O

everage expee in their appcing, and geney the end of the SSBCI Policy

g, may a partithat is credit

teed loans or(a) the financdirectly from a

asury will applicy Guidelinecations are co

ent, how long

will occur imm, or eligible macility, the en

disbursemen

he Treasury

ness Credit

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ulate a weighCSPs).

ectation durinplication how erate programhe allocation y Guidelines f

icipating statt‐enhanced b

r other financcing is causeda private enti

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prove all es. To expeditomplete and

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State Small Bu FAQs

A ParticipParticipatobligated As part ofTreasury tPolicy Guithe SF‐42sample ceshould traSSBCIApp

Upon receTreasury mState's ce

4. Does Texpendeddisbursem Below is gexpendedParticipat • Expendeor accruaExamples a) SSBCI fAccess Prob) SSBCI fof a commlending prc) SSBCI fuinvestmend) SSBCI f • Obligateawarded, payment Examples a) SSBCI fborrower b) SSBCI fventure c


ating State mting State is aat least 80% f this certificathat the Partiidelines, and 4B (Assurancertification foansmit their clications@tre

eipt, Treasurymay ask for rrtification.

reasury haved, transferredment of SSBC

general guidad, transferredting State pro

ed— SSBCI ful basis by or fof expendedunds that havogram reservunds that havmitment to a rogram; unds that havnt; or, unds that hav

ed—SSBCI fungoods and seby the Approof obligated unds that havas part of a lunds that havapital investm

ative Application

may make a reble to certify of the prior d

ation, the Auticipating Statethe represenes Non‐Constrm that Particertification aeasury.gov m

y will review tecords or furt

e any guidancd or obligatedI funds?

nce on how T or obligated vided docum

unds that havefor an Approvd funds includve been depove fund; ve been disbuspecific trans

ve been inves

ve been disbu

nds that haveervices receivoved State Profunds includeve been commoan participave been commment transact

equest to receto Treasury tdisbursementhorizing Office is in complitations and wtruction). Exhcipating Stateand any otherailbox.

the request ather informat

ce on how a Pd SSBCI funds

Treasury will SSBCI funds.entary evide

e been used tved State proge: osited with a l

ursed to a spesaction) as pa

sted in specifi

ursed allowab

e been commved, and similogram duringe: mitted, pledgation, collatermitted, pledgtion (e.g., a p

eive its seconthat the Partit to, or for thecial for the Paance with all warranties mahibit 2‐1 in Anes may use tor documents r

nd accompantion that subs

Participating Ss for the purp

review a Part As noted abonce to substa

to pay chargegram.

lender to cov

ecific borrowert of a loan p

ic small busin

ble administra

itted to pay far transactiog the same or

ged, or otherwral support, oged, or otherwromissory no

U.S. Depa

State S

nd or third discipating Statee account of,articipating Stterms of theade in both thnnex 2 of the o make this rerelated to the

nying certificastantiates any

State can detposes of mak

ticipating Statove, Treasuryantiate its cer

es that have b

ver the federa

er (or disbursparticipation,

nesses, pursua

ative expense

for the amounns during a ga future peri

wise promisedr direct lendiwise promisedote);

artment of th

mall Busin

sbursement oe has expend an Approvedtate must also Allocation Aghe AllocationAllocation Agequest. Particeir request, v

ation for comy aspect of th

termine wheing a request

te's certificaty may requestrtification.

been incurred

al contributio

sed to a specicollateral sup

ant to a ventu

es.

nts of orders iven period tiod.

d, in writing, ng program; d, in writing a

he Treasury

ness Credit

Pag

October

of funds once ed, transferred State Prograo certify to greement, SS Agreement agreement hascipating Stateia email to th

mpleteness. he Participati

Back t

ther it has t for a subseq

ion that it hat that a

d either on a c

n to a Capital

ific lender as pport, or dire

ure capital

placed, contrhat will requi

to a specific

as part of a

t Initiative

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part ct

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State Small Bu FAQs

c) SSBCI fuparticipatd) SSBCI fexpenses • TransferSSBCI funadministeincurred oinvestmen

5. SectionTreasury operation

For the puAllocation1) The elim2) The add3) A matediscretionParticipat4) The reaProgramstotal alloc5) A changApprovedAllocationalters theor 6) Extenuthe Alloca

6. Our StacontractoDo we ne

Yes. If youauthority


unds that havtions, or collaunds that hav(e.g. an exec

rred—SSBCI fds to the desering the day‐or when therent to an eligib

n 4.10(b) of thin writing of,ns of the Part

urposes of thn Agreement mination or tdition of one erial change inn to determinting State; apportionmen, when the cucation; ge in the idend State Progran Agreement organization

ating circumsation Agreem

ate agency deor or an indepeed to inform

ur designated(i.e., a "third

ative Application

ve been set asteral supportve been commuted contract

funds that haignated/impl‐to‐day operae is a clearly dble small busi

he Allocation, "any materiticipating Stat

e Allocation Ais triggered bermination oor more newn the scope oe materiality

nt and transfeumulative am

ntity of the Stams from the or a merger onal structure o

stances requient.

esignated forpendent State Treasury?

d implementin‐party entity"

side to cover t agreements mitted, pledgt for services

ve been transementing ageations of the pdocumented ness or to pa

n Agreement al adverse chte." What do

Agreement, tby the followif an Approve

w State prograr purpose of of any chang

er of a Particimounts transfe

tate agency oState agencyof State agenof the implem

ring extensio

r implementine authority to

ng agency pla") to administ

obligations aas part of an

ged, or promis).

sferred by theency, or the cprogram, as aactual and imy for any allo

indicates thahange in the coes this includ

he notice reqng events: d State Programs; an Approvedges in scope o

ipating State'erred exceed

r contractingy that is identcies or contramenting Partic

ns to the rep

ng the approvo administer

ans to use a coter all or part

U.S. Depa

State S

arising from lo approved prsed in writing

e state, territcontracting ena reimbursemmmediate casowable admin

at the Participcondition, finde?

quirement of

ram;

State Prograor purposes th

s allocated fus 10 percent

g entity propotified in Sectioacting entitiecipating State

orting schedu

ved State proall or part of

ontractor or t of the appro

artment of th

mall Busin

oan guaranterogram; or, g for allowabl

tory, or municntity, that is c

ment for actuash need to funnistrative expe

pating State mnancial or oth

Section 4.10(

am. Treasury hat are propo

unds among Aof the Partici

osed to impleon 5.1 or Anns is proposede agency or co

ule establishe

ogram wouldf the approve

an independeoved State pro

he Treasury

ness Credit

Page

October

ees, loan

le administrat

cipality receivcharged with al expenses nd a loan or enses

Back t

must notify herwise, or

(b) of the

maintains theosed by a

Approved Staipating State'

ment the nex 1 of the d that substanontracting en

ed in Annex 5

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d like to use aed State prog

ent State ogram, then t

t Initiative

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the

State Small Bu FAQs

terms of Athird‐part

For the pube amendagreemenprogram. Allocationprovisionsmaintain Article VI

7. What kour Alloca

Administrgenerally applying tabove). Bysuch fundunderwritgeneratinaccountincollectingagency. Nadministepurposes intended property representprovision

8. What aUpdated Jresolved b

Article VI and poten


Article IV andty entity.

urposes of saded to includent with the thThat agreemn Agreement s of those arta record of itof the Allocat

kind of admination Agreem

ration of all orequire the inthe provisionsy "administradamental progting and analyg and holdingng; g reports fromNot all third paering entities of this requirto include seleasing. Treastation of the Pshall be inclu

are the conseJuly 15, 2013 by a Quarterly

of the Allocatntial consequ

ative Application

Article VI of

tisfying this re) a provisionhird‐party entent must extto the third‐pticles of the As written agretion Agreeme

nistration of ament?

r part of the anclusion in Ans of Article IVation of all or gram functionysis; making lg loan or inve

m fund recipiearty entities tthat require arement, "admrvices under sury will makeParticipating uded in Annex

quences of ato reflect SSBy Report due

tion Agreemeences of the

the Allocatio

equirement, n that requireity that will bend and applparty entity, aAllocation Agreement that ent to the thi

all or part of a

approved Stannex 1 of theV and VI of thepart of the ans as one or mloan or investestment docu

ents; and/or pthat a State man amendmeministration ofcontracts for e the final deState as to thx 1 of the Allo

n event of deBCI’s procedudate.

ent should beevents of def

n Agreement

Annex 1 of ths the participbe administery the provisioand require theement. It is extends and rd‐party entit

an approved

te program t Allocation Age Allocation Approved Statmore of the fotment recommentation; d

preparing repmay engage toent to a State'f all or part oback‐office s

etermination, he nature andocation Agree

efault under re for disclosi

e reviewed cafaults.

U.S. Depa

State S

t must be exte

he Allocation pating State toring all or partons of Articlehe third‐partysufficient thaapplies the pty.

State progra

hat is performgreement a pAgreement tote program", Tollowing: promendations; disbursing fun

ports to be suo assist in the's Allocation Af the approvesupport, suchin its sole dis

d function of tement.

the Allocatioing complianc

arefully to und

artment of th

mall Busin

ended to and

Agreement wo enter into at of the approe IV and Articly entity to coat the participrovisions of A

am requires a

med by third‐provision exteo the third‐paTreasury meaogram marketselecting recnds; servicing

bmitted to the Approved StAgreement. Fed State progh as IT supporscretion, but the third‐part

on Agreemence issues that

derstand the

he Treasury

ness Credit

Page

October

d applied to th

will include (oa written oved State e VI of the

omply with thpating State Article IV and

Back t

an amendme

‐party entity wending and rty entity (seans performinting; transactcipients of funloans; financ

he implementtate programFor example, gram" is not rt, HR supportbased on thety entity, if th

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t? t could not be

specific deta

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ils

State Small Bu FAQs

GenerallyincompletAllocationevent of d Section 6.event of dto, a misutimely fasState withAgreemensuccessfuresolving Approved Section 6.default haParticipatmake disb Section 6.an audit, shall find Allocationdisbursedmay also include thTreasury’s Section 6.through aunder theAgreementerminateand find t

9. Sectionupon a Paintention"intention

Section 6Job Act of


y, Section 6.1 te, or misleadn Agreement,default.

.1 also identifdefault. A faiuse of funds, fshion. As exph a revised “Cnt) to allow thlly resolve byany non‐comd State Progra

.2 of the Allocas occurred, Tting State penbursements o

.3 of the Allocany intentionthe Participan Agreement d to the Particimpose addithe option to ws commitmen

.3 of the Allocan audit, any ie Act, then Trent. Section 6e Treasury’s cthe State ineli

n 6.3(a) of thearticipating Sal or recklessnal or reckles

6.3(a) of the Af 2010 (Pub. L

ative Application

of the Allocatding statemen or any repor

fies any failurlure to compfailure to obtlained in PostCertification ohe Participatiy a Quarterly mpliance issueam or Program

cation AgreemTreasury maynding correctiof Allocated F

cation Agreemnal or recklessting State to provides, in tcipating Statetional the defwithhold any nt to make dis

cation Agreemintentional measury shall f.4 of the Alloccommitment tigible to rece

e Allocation Atate, "In the s misuse of Ass misuse" m

Allocation AgrL. 111‐240) (A

tion Agreement of fact madrt or instrume

re to comply wly with a termain necessaryt‐Award / Coon Use‐of‐Allong State to dReport due de in conformams into full co

ment providey withhold anyion, and/or reunds to the P

ment provides misuse of Abe in default that case, Tre. In addition,fault remediefurther disbusbursements

ment also promisstatement find the Particcation Agreemto make disbuive any addit

Agreement spevent of a Trllocated Fundean?

reement implAct). 1 This se

ent identifies de by a Particent delivered

with any termm of the Allocy certificationmpliance FAQocated Funds”isclose non‐cate. The Partnce with SSBompliance wit

es that if Treay future disbueduce, suspenParticipating S

es that if the Tllocated Fundof the Alloca

easury shall re, based on ths under Sectiursements andof Allocated

ovides that if by a Participacipating Statement also proursements ofional funds u

pecifies that reasury Inspeds by the Par

ements Sectiection of the A

U.S. Depa

State S

any materialcipating Stateunder the Al

m of the Alloccation Agreemns, or failure tQ # 10, Treasu” (Exhibit 4‐1compliance issticipating StaBCI program reth SSBCI requ

sury finds thaursements ofnd, or terminState.

Treasury Inspds by the Partation Agreemecoup the mise Inspector Gon 6.2 of thed/or reduce, Funds to the

the Treasury ating State in e to be in defaovides that, inf Allocated Funder the Act.

there are addector Generalrticipating Sta

ion 3003(b)(1Act effectively

artment of th

mall Busin

lly inaccuratee in its Applicalocation Agre

cation Agreemment includesto submit a reury may prov to Annex 4 osues that thete remains reequirements uirements as

at any of thesf Allocated Fuate Treasury’

ector Generaticipating Statent. Section sused funds tGeneral’s finde Allocation Agsuspend or te Participating

Inspector Ge a report issuault of the Aln that case, Tunds to the Pa.

ditional remel audit findingate . . . ." Wh

1)(C)(ii) of they authorizes t

he Treasury

ness Credit

Page

October

e, false, ation, the eement to be

ment to be ans, but is not liequired reporvide a Participof the Allocat State could nesponsible foand bringingsoon as poss

se events of unds to the ’s commitme

al finds, throute, then Trea6.4 of the that have beedings, Treasurgreement, werminate g State.

eneral finds, ued to Treasulocation Treasury shallarticipating St

Back t

edies imposeg of either: hat does

e Small Businethe Treasury

t Initiative

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n mited rt in a pating ion not r g its ible.

nt to

ugh sury

en ry hich

ry

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ess

State Small Bu FAQs

Inspector misused, If the Treashall declawill recouis subject (regardlesdisbursemdisbursem

In consultsituationsmindful.

"Misuse" administeis a prohibact or omAllocation

To determand Sectio

Please nouse the Aalso note attachmebetween tprovide trsupplemethe Particwebsite aare estabmanagemcommon

Please alsto complyCirculars,

For the pu

U


General to dbut also if the

asury Inspectare the Particup the funds tto the contrass of intentionments and/or ments of Alloc

tation with ths, Treasury ha

shall mean: ering entities bited use undission that enn Agreement,

mine the authon 4.4 of the

te that Sectiollocated Fundthat Section nts, exhibits, the Participatransfers to thents to the Allcipating Statet www.treasulished by Trea

ment systems,rule at § __.2

so note that Sy with the Actincluding, bu

urposes of illu

sing Allocate

ative Application

etermine, thre misuse was

or General mcipating Statethat were inteactual remednality or reckreduce, suspcated Funds t

he Treasury Inas developed

(1) any use oidentified in Ader the Act, thnables other p to misuse Al

horized and pAllocation Ag

on 4.2 of the Ads for the pur8.2 states thaappendices ating State ande Participatinlocation Agre's covenant toury.gov/ssbciasury after th, including int20.

Section 4.1 of t and applicabut not limited

ustration, the

d Funds for a

rough an aud reckless or in

makes such a fe to be in defaentionally or ies of Sectionlessness). Thepend or termito the Particip

nspector Genethe following

of Allocated FAnnex 1 of thhe Allocation parties, includlocated Fund

rohibited usegreement.

Allocation Agrposes and acat the Allocatand supplemed Treasury wing State; and eement. In ado comply wit, including anhe date of theternal control

the Allocatioble Federal, Sto, the regul

e following ar

a State progra

dit of the Partntentional.

finding of inteault of the Allrecklessly misn 6.2 of the Alese remediesnate Treasurypating State.

eral, and appg definitions o

unds under the Allocation Agreement, ding administds, as describe

es of Allocated

greement statctivities speciftion Agreemeents to the Apith respect toany attachmeddition, Sectioh SSBCI Policyny SSBCI Police Allocation Al requirement

on AgreementState, and locaations at 31 C

e non‐exclusi

am that is not

U.S. Depa

State S

icipating Stat

entional or reocation Agresused. Additillocation Agres include the oy's commitme

lying standarof which Part

he control ofAgreement tor the SSBCI tering entitieed in clause 1

d Funds, plea

tes that the Pfied in the Allent includes: pplication; tho the obligatioents, schedulon 4.6 of the y Guidelines pcy Guidelines Agreement; ants, specified i

t includes theal laws, regulC.F.R. Part 21

ive examples

t an Approved

artment of th

mall Busin

te, not only if

eckless misuseement. At thonally, the Paeement for aoption to witent to make f

rds used in anicipating Stat

f the Participahat is not an Policy Guidels identified in1.

ase see Sectio

Participating Slocation Agrethe Applicatihe Allocation on of funds neles, annexes, Allocation Agpublished by and nationalnd the standain the grants

e Participatinglations, ordin, related to lo

of misuse of

d State Progr

he Treasury

ness Credit

Page

October

f funds were

e, then Treashat time, Treaarticipating Stny misuse of thhold any furfuture

nalogous tes should be

ating State orauthorized usines; (2) or ann Annex 1 of t

on 4.2, Section

State shall oneement. Pleason and the notice letter,ecessary to appendices agreement incTreasury on standards thards for finanmanagement

g State's coveances, and Oobbying.

funds:

am;

t Initiative

13 of 34

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ury asury tate funds rther

r its se or ny the

n 4.3,

ly se

and ludes its hat cial t

enant MB

State Small Bu FAQs

ExA

Exam

Pesp

Peac

Peex

ExsuA

“Intentionits adminibe a singl

“Recklessadministefunds” is amay be a

1The relevState shalparticipatmisuse of

10. If a PaCertificatOfficial toPosted Jul

Treasury rTreasury cfully resol


xpending Allonnex 1 of thexpending Allomounts speciermitting thepecified in theermitting thectivities prohermitting thexecutive officxpending Allouch expenditugreement, or

nal misuse ofistering entitye instance or

s misuse of fuering entity/iea highly unresingle instanc

vant section rll provide thating State if thf transferred f

articipating Stion on Use‐oo certify that ly 15, 2013

recognizes thcompliance relve the issue

ative Application

ocated Funds e Allocation Aocated Funds ified in Annexe enrollment oe Act and thee enrollment oibited by the e enrollment ocer, director, oocated Funds ure is not an r the SSBCI Gu

f funds” shally/ies knew wa series of in

unds” shall mes should havasonable depce or a series

reads, "The alt the Secretahe results of tfunds by the

tate has a knf‐Allocated Fthe Participa

hat a non‐comeview or throbefore a Qua

for an ApproAgreement; for the purpox 3 of the Alloof a loan to a e SSBCI Prograof a loan thatAct, the Allocof a loan thator principal sfor a purposeauthorized usuidelines.

l mean: a useas unauthoriznstances.

ean: a use ofve known wasparture or wil of instances.

llocation agrery shall recouthe audit incluState.

own, but unrunds with itsating State is

mpliance issueough an OIG arterly Report

oved State Pro

oses of adminocation Agreesmall busineam Guidelinet is not for a bcation Agreemt has been mahareholder oe or to an entse of funds or

e of Allocated zed or prohib

f Allocated Fus unauthorizelful disregard.

eement betweup any allocatude a finding

resolved nons Quarterly Refully complia

e may be discaudit and thatt due date.

U.S. Depa

State S

ogram in exce

nistrative expement; ess in excess os; business purpment, or the Sade to a prohof the financiatity after beinr is prohibited

Funds that tbited. An inte

unds that the ed or prohibitd from the sta

een the Secreted Federal fu that there w

n‐compliance eport, whichant with all SS

covered throut the Particip

artment of th

mall Busin

ess of the lev

penses in exce

of the maximu

pose or that isSSBCI Policy Ghibited party, al institution lng advised byd by the Act,

he Participatientional misu

Participatingted. A “reckleandards of or

etary and theunds transferwas an intentio

issue, must t requires theSBCI requirem

ugh a Participating State m

he Treasury

ness Credit

Page

October

els permitted

ess of the

um loan sizes

s used to finaGuidelines; such as an lender; and y Treasury thathe Allocatio

ing State andse of funds m

g State or its ess misuse of dinary care, a

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e participatingrred to the onal or reckle

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the State sube Authorized ments?

ating State omay not be ab

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State Small Bu FAQs

In these cTreasury wAllocationReport. Ta similar kmust provthe date anon‐compParticipatSSBCI prowith SSBCquestions

Program

1. What is

Program iany returnSSBCI funInterest, fcapital funnot consid

When incshare of pexample, the gross income.

2. How ca

Program iSSBCI funthe 3% ansubject tothe same income fr


cases, a Particwill provide an Agreement)The Participatkind going forvide updates and method opliance issue ting State remgram requireCI requiremens.

Income and A

s program inc

income is grons on capital ds. fees, refunds nds, or privatdered progra

ome is generprogram incomin programs income (the

an program in

income must ds may be usnd 5% limitatio under SectioSSBCI funds‐rom one appr

ative Application

cipating Statea revised Cert) for disclosurting State alsorward in the ron its effortsof resolution.does not reliemains responsements and bnts as soon as

Administrativ

come and ho

oss income rethat is direct

or other typete angel invesm income.

ated by an apme directly atin which 60%SSBCI genera

ncome be use

be employeded, includingons of use foon 3003(d)(3)supported acroved CAP or

should contatification on Ure of non‐como must includrevised Certif to resolve ea Please note eve the Statesible for resolringing its Aps possible. Ple

ve Expense Q

ow is it calcula

ceived by thely generated

es of gross incstor networks

pproved CAP ttributable to

% of program fated amount)

ed?

d for any allow use for admir administrat)(c) of the Actctivity that geOCSP but ma

act Treasury aUse‐of‐Allocatmpliance issuee its strategyfication on Usach issue as wthat a Partic of responsibving any nonpproved Stateease contact

Questions

ated?

e participatingby an SSBCI‐

come earneds on loans or

or OCSP thato SSBCI funds funds came fof the gross

wable purposinistrative exptive purposest. Further, pronerated the pay be used for

U.S. Depa

State S

as soon as prated Funds (Exes to be submy for preventinse‐of‐Allocatewell as writtenipating State’bility for resol‐compliance e Program or your Relation

g state, territsupported ac

by financial iinvestments

t includes non is consideredrom private, income shall

ses for which penses. Progrs that the tranogram incomprogram incor any approve

artment of th

mall Busin

acticable to dxhibit 4‐1 to Amitted with thng and monited Funds and n confirmatio’s disclosure oving the issueissue in confoPrograms intnship Manage

ory or municctivity or as a

institutions, pmade using S

n‐SSBCI fundsd program incnon‐SSBCI dobe considere

the allocatedram income insferred SSBCe is not restrome. Instead, ed CAP or OC

he Treasury

ness Credit

Page

October

discuss the issAnnex 4 of thehe Quarterly toring for issuafter submison that specifof a e. The ormance witho full compliaer with any

Back t

ipality, includresult of the

private ventuSSBCI funds a

s, only the procome. For ollars, only 40ed program

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d and transfes not subjectCI funds are icted for use the programSP.

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State Small Bu FAQs

3. How m

There areincome, inThe Act escase of thmay be emtransfers To suppleadministrbe used fo

Post‐Awa 1. Are the

Yes. Sectiomunicipal Other secterritory, the discreof the agrresolutionof defaultmisleadinthe AllocaLastly, Secfunds.

2. Under wextensionan affiliatUpdated N

Financial previouslyborrower CAP or OCcredit thaare met:


may I pay for m

e two ways toncluding any stablishes strhe first 1/3 tramployed for aare not to exement these aation. Proceeor allowable a

ard / Complia

ere any recou

on 6.4 of the lity is found in

ctions of the Aor municipalietionary remereement. Then of the eventt are listed in g informationation Agreemction 7.1 of th

what circumsn of credit forte? November 27

institution leny made loan, already on thCSP. Howevet repays the a

ative Application

my administr

fund adminisadministrativrict limitationsansferred, an allowable admceed three (3amounts, stateds from thesadministrativ

ance Question

upment provi

Allocation Agn default of th

Allocation Agrity' access to edies availablse remedies t of default aSection 6.1 on in the applicent, includinghe Allocation

stances may r the purpose

7, 2013 to refl

nders are genline of credithe books of ter, a financial amount due o

rative expens

strative expeve fees paid tos on the use oamount not ministrative e3) percent of ttes, territoriese fees, as weve expenses.

ns

isions in the A

greement mahe Allocation

reement discthe allotted fe to Treasuryinclude the and the authoof the Allocatication or Allog failure to suAgreement c

a financial ine of satisfying

lect SSBCI pos

nerally prohib, extension ohe same finaninstitution leon a matured

ses?

nses: (1) out o the participof allocated fexceeding fivexpenses. Admthe transferres and municipell as any inte

Allocation Ag

andates that i Agreement,

lose other cirfunds. Sectiony if the state, uthority to writy to reduceion Agreemenocation Agreeubmit timely acovers termin

nstitution lendg a prior oblig

sition on loan

bited from reff credit or othncial institutinder may used loan or line

U.S. Depa

State S

of allocated fpating state, tfunds for admve (5) percentministrative ced amount.palities may crest income o

greement for

f the participTreasury may

rcumstances tn 6.2 of the Aterritory or m

withhold any fe or suspend nt and includement and faiand accurate nation of avai

der use SSBCgation to the

n purchases

financing an eher debt oweon (or an affie SSBCI fundsof credit whe

artment of th

mall Busin

funds, and (2territory or mministrative ext of the transfcharges to sub

charge fees foor other prog

r the allocated

pating state, ty recoup mis

that will limitAllocation Agrmunicipality isfuture disbursfuture disbure making inacilure to comp reports. lability of SSB

CI funds to su same financ

existing outsted by a small liate) into ans to support aen all the follo

he Treasury

ness Credit

Page

October

) out of progrmunicipality.xpenses. In thferred amounbsequent

or program gram income,

Back t

d funds?

erritory or used funds.

t access by a sreement expls found in defsements pendrsements. Eveccurate, falseply with any p

BCI

Back t

pport a new ial institution

tanding balanbusiness SSBCI‐suppoa new extensiowing conditi

t Initiative

16 of 34

10, 2014

ram

he nt

may

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state, ains fault ding ents e or part of

to top

n or

nce or

orted on of ions

State Small Bu FAQs

SSBCI recpreviouslyinstitution

The limitaunder an program. or refinanprogram. financial ibusiness b

3. What aUpdated A Financial loan or inincluding and the pfunds mayestate (copassive inunder an delinquenused to remay not bowner of proscribeproceeds partner.

4. The SSBbusiness


the new loborrower (the new crbusiness's proceeds for line of cfor an eligithe new crowed to th

commends thy made by then lender shou

ation on refinapproved pro Additionallyncing previousWhen a Partnstitution, thborrower.

are the restricAugust 5, 201

institution lenvestment prostart‐up costurchase, consy be used to pommercial or nvestment puSSBCI‐approvnt federal or sepay taxes hebe used to reithe business.s the acquisitof the loan o

BCI Policy Guborrower fur

ative Application

oan or line of (excluding cloredit supportability to repfrom the newcredit that haible business redit has not hat same fina

at when a Pae same financuld maintain d

ancing does nogram and su, the limitatiosly made loanicipating Stathe state must

ctions on bor13 to reflect S

nders must ooceeds from as, working castruction, renpurchase anyotherwise), srposes, and loved program.state tax debteld in trust or imburse fund. The prohibition of the shor investment

uidelines requrnish an assur

credit includeosing costs);ed with SSBCpay and a neww credit may os already matpurpose, as dbeen extendencial instituti

articipating Stcial institutiodocumented

not prohibit aubsequently ron also does nns from anothte uses SSBCI make a dete

rrowers' use oSSBCI’s positio

btain an assuan approved pital, businesnovation or imy tangible or isecurities or tobbying activ Furthermorets unless a reescrow (e.g.,s owed to or tion on purchares of a com directly supp

uire that at thrance that in

es the advanc

I funding is bw approval byonly be used ttured or othedefined by thed for the solion lender.

ate enrolls a n or its affiliasubstantiatio

a financial insefinancing thnot prohibit aher, non‐affilifunds to purcrmination tha

of loan proceon on using SS

urance from eprogram will ss procurememprovementsntangible assthe acquisitiovities are not e, loan or invepayment plan, payroll or sapurchase anyhasing any pompany or the pported by SSB

he closing of cludes, amon

U.S. Depa

State S

cement of ne

ased on a newy the lender/ito satisfy the erwise termede SSBCI Policle purpose of

loan that repate, the Particon that these

stitution lendehe same loan a financial insiated financiachase a loan fat the transac

eeds? SBCI funds to

eligible borrowonly be usedent, franchises of an eligiblesets except fon or holding oconsidered eestment procn is in place aales taxes). Loy portion of tortion of the opartnership inBCI funds will

a loan or inveng other thing

artment of th

mall Busin

ew monies to

w underwritinvestor; outstanding d and the prioy Guidelines;f refinancing e

pays principalcipating Statefour criteria w

er from originunder any apstitution lendeal institution ifrom anotherction is benef

o purchase go

wers or eligibd for business fees, equipme place of busor goodwill. Pof any other eligible busineceeds may noand in no circuoan or investmthe ownershipownership intnterests of a go to any exi

estment, thags, that loan

he Treasury

ness Credit

Page

October

a small busin

ng of the sma

balance of a or debt was u and, existing debt

due under a e or the financwere met.

nating a new pproved er from enrolinto an appror, non‐affiliateficial to the sm

Back t

oodwill.

ble investees t purposes ment, inventosiness. SSBCIPurchases of rreal propertyess purposes ot be used to umstances mment proceedp interest of aterest of an opartner whenisting owner

Back t

at each small or investmen

t Initiative

17 of 34

10, 2014

ness

all

loan used

loan cial

loan

lling oved ed mall

to top

that

ory, I real y for

pay may be ds any owner n the or

to top

nt

State Small Bu FAQs

proceeds real estat

SSBCI hasBusiness Aestate invsmall businvestmen

5. Can a sthe small from an S If proceedthe eligiblfollowing existing bmore tenaproperty wthe procerentable poccupied Under eitsquare forequiremewhich maSSBCI‐suprentable p SSBCI conbusiness odesigned passagew

6. Are theinvestmeas a real eacquiring

In consultinvestmenor investm


will not be ute investment

developed aAdministratiovestment" puiness to invesnt.

small businesbusiness lea

SSBCI‐support

ds from an SSle small businconstructionuilding, the bants, if the elwithin 12 moeeds of an SSBproperty thatby the bakery

her scenario,otage to a teents of the ely include leaspported loan oproperty that

nsiders "rentaoperations exto transfer pe

ways, vestibule

ere any excepnt? What abestate holdinreal propert

tation with thnt if an eligibment proceed

ative Application

used for passit"?

definition ofon (SBA). SSBrposes when st in real or pe

s borrower sses any portited loan or in

SBCI supporteness must occ. If proceedsborrower mayigible small bonths followinBCI‐supportedt is currently ly itself within

if an eligible nant, the Parigible small bse agreementor investment is leased to a

able property"xcluding vertieople or serves, and bathr

ptions to the bout an entityg company, ry?

he SBA, SSBCI le passive comds where 100%

ive real estat

f "passive reaBCI considers the proceedsersonal prope

till deliver thion of a buildnvestment?

ed loan or invecupy and use s are used in ty permanentlybusiness also ong the real prod loan to purceased to thren 12 months o

small busineticipating Stabusiness are mts, blueprintst proceeds ma third party.

" to be the tocal penetratioices verticallyooms). Renta

use of proceey or trust thatreceiving an S

does permit mpany acquir% of the rent

e investment

l estate invesloan or invests from the loaerty acquired

he assurance ding construct

estment are uno less than the acquisitioy lease up to occupies and operty acquischase an existee businessesof acquiring t

ss chooses tote has the remet and supps, or similar domay not be use

otal square foons (stairwayy between floable property

eds prohibitit does not diSSBCI‐suppor

an exceptionres and holdsable property

U.S. Depa

State S

t. What is SS

stment" in cotment proceean or investmd and held pri

regarding pated, acquired

used in the co60% of the toon, renovation49% of the re uses no less sition. For exting building s if at least 2,0he building.

o lease an allosponsibility tported by subocumentatioed to improv

ootage of all bys, elevators, oors), and incy excludes all

on on passivrectly engagerted loan or i

n to the prohis real propertyy is subseque

artment of th

mall Busin

SBCI's definiti

nsultation wieds to be usement are usedmarily for sal

ssive real estd or renovate

onstruction ootal rentable n or reconstruentable propthan 51% of xample, Smithwith 4,000 sq040 (51%) sq

owable portioo ensure thatstantiating don. Additionae or renovate

buildings or faand mechaniluding commoutside areas

e real estate e in business investment fo

bition on pasy using SSBCIently leased to

he Treasury

ness Credit

Page

October

ion of "passiv

ith the Small ed for "passived by an eligiblle, lease, or

Back t

tate investmeed with proce

of a new buildproperty uction of an erty to one othe total renth Bakery may quare feet of uare feet will

on of the rentt the occupanocumentationlly, e any of the

acilities used fical areas thaon areas (lobs.

Back t

operations, or the purpos

ssive real estaI‐supported loo one or mor

t Initiative

18 of 34

10, 2014

ve

e real e

to top

ent if eeds

ding,

f table use

l be

table ncy n,

for t are bbies,

to top

such ses of

ate oan re

State Small Bu FAQs

operatingtypically awhich leabusiness. currently about to umeet the

Bmthtrcoren

Tin

Bofgu

EaeSS

Thleex

It is the remet. SSBthe requirinvestmen

7. How caAllocationloan purp

Section 4.shall not uprohibitedpromulgacontrollin Treasury h


g companies. a small entity ses real or pe An operatingor about to buse in its busiexception ide

oth the eligibmeet all borrohe rentable pransaction to ompanies, anentable squarew constructThe operatingnvestment to oth the eligibf proceeds ceuarantor; ach natural pligible passiveSBCI‐supportehe eligible paeast equal to txercisable sol

esponsibility oCI‐supportedrements relatnt prohibition

an participatin Agreementposes?

.4(e) of the Ause any allocad by the SSBCted after the g document.

has created s

ative Application

An eligible por trust whicersonal propeg company is be located oniness operatioentified abov

ble passive cower or investroperty acquthe eligible p

n operating core footage (inion) to one og company is athe eligible pble passive coertification an

erson holdinge company ored loan or invassive companthe term of tlely by the op

of the Particip loans or inveted to the elign on use of pr

ng states, ter regarding re

llocation Agreated funds foCI Policy Guiddate of this A

ample self‐ce

assive compach does not eerty to an opegenerally actreal propertyons, personale, the followi

mpany and ttor criteria esired and heldpassive compaompany may n the case of ar more unaffia guarantor opassive compampany and tnd sex offende

g an ownershr the operatinvestment; anny and the ophe SSBCI‐supperating comp

pating State testments thatgible passive roceeds will b

rritories and estrictions on

eement specir loans used telines, TreasuAllocation Ag

ertifications t

any can take angage in reguerating compatively involvey owned by al property owing criteria m

he operating tablished by d using proceeany must be lsubsequentlyan existing builiated tenantor co‐borroweany; he operating er certificatio

hip interest cong company pd, perating compported loan opany.

to ensure that do not provcompany excbe determine

municipalitie the use of al

ifies, "The pato finance, inury regulationreement." As

hat a particip

U.S. Depa

State S

any legal formular and contiany for use ind in conductian eligible paswned by an elmust also be m

company arethe SSBCI Poeds from the leased to oney sublease nouilding, or no ts; er on the SSB

company muons covering a

onstituting atprovides a pe

pany have a wor investment

t all of the abide documenception to thed ineligible.

es comply witllocated fund

rticipating stan whole or in pns, including Ts such, the SS

pating state, t

artment of th

mall Busin

m or ownershinuous businen the operatining business ossive companigible passivemet:

e eligible smalicy GuidelineSSBCI‐suppoe or more opeo more than 4more than 40

BCI‐supported

ust execute thall principals,

t least 20 percrsonal guaran

written lease t, including o

bove requiremntary substante passive real

th Section 4.4ds with respe

ate, territory part, businesTreasury reguSBCI Policy Gu

territory or m

he Treasury

ness Credit

Page

October

hip, but it is ess activity, ang company'soperations thny, or using, oe company. T

all businesses es; While 100rted loan or erating 49% of the tot0% in the cas

d loan or

he borrower uas co‐borrow

cent of eitherntee for the

with a term aptions to ren

ments are tiation to all estate

Back t

4 of the ect to prohibit

or municipals activities ulations uidelines are t

municipality m

t Initiative

19 of 34

10, 2014

and s hat is or To

that % of

tal e of

use wer or

r the

at ew

of

to top

ted

ity

the

may

State Small Bu FAQs

use in ordborrowerparticipatillustrativeaccordingdocument

8. May SBstate prog

No. The Seither a Cguarantee

9. How docertificati Section 4.municipalthat the Pare define Meaning institutionthat none Meaning defined apartner wcorporatiothe five mdirect or i Treasury huse in ordborrowerparticipatillustrativeaccording

10. What Agreemen


der to obtain s. These certiting state, tere purposes ang to their disct.

BA‐guaranteegrams receiv

SBCI Policy GCAP or OCSP. Ted loans.

o participatinions in Sectio

.9 of the Alloclities must obPrincipals of sed in section

of "private enn lender and e of the Princi

of "Principalss, " if a sole p

who is a naturon, limited liamost highly condirect holde

has created sder to obtain s. These certiting state, tere purposes ang to their disc

restrictions ant?

ative Application

certificationsifications are ritory, or mund are availabretion. These

ed loans or oting SSBCI fun

uidelines proThis prohibiti

ng states, terron 4.9 of the A

cation Agreembtain]…(c) a ceuch entity ha111 of the Se

ntity": Sectioneach borrowipals have bee

s": For the limproprietorshipal person andability compaompensated eer of 20% or m

ample self‐cecertificationsifications are ritory, or mund are availabretion. These

and reporting

from the finanot intendednicipality hasble for use bye sample certi

ther federallynds?

ohibit enrollinon also appli

ritories and mAllocation Ag

ment specifieertification frave not been ex Offender R

n 4.9(c) of theing entity ceren convicted

mited purposep, the propried holds a 20%ny, associatioexecutives or more of the o

ertifications t from the finanot intendednicipality hasble for use bye sample certi

g requiremen

ancial institutd to replace o in place. Raty the participaifications are

y guaranteed

ng the unguares to the ung

municipalitiesgreement?

es that "[Partirom the privaconvicted of egistration an

e Allocation Atify to the pato referenced

es of Section 4etor; if a partn% or more owon or a develoofficers of th

ownership sto

hat a participancial institutd to replace o in place. Raty the participaifications are

nts apply to S

U.S. Depa

State S

tion lenders aor supersede ather, these ceating state, teattached as A

d or insured lo

ranteed portioguaranteed po

s comply with

cipating statete entity, incla sex offensend Notificatio

Agreement rerticipating std sex offense

4.9 of the Allonership, eachnership interopment comphe entity, andock or stock e

pating state, ttion lenders aor supersede ather, these ceating state, teattached as A

SSBCI funds a

artment of th

mall Busin

and the smallany internal certifications aerritory, or mAnnex 1 and

oans be enro

on of SBA‐ guortion of othe

h the Sex Off

es, territoriesluding any fine against a mion Act (42 U.S

equires that bate, territory e.

ocation Agreeh managing paest in the parpany, each di each naturaequivalent of t

territory or mand the smallany internal certifications aerritory, or mAnnex 3 to th

after the end

he Treasury

ness Credit

Page

October

l business controls the re provided f

municipality 2 to this

Back t

olled in appro

uaranteed loaer federally

Back t

fender

s and nancial institunor (as such tS.C. 16911))."

both the finanor municipal

ement, Princiartner and eartnership; andrector, each ol person whothe entity."

municipality ml business controls the re provided f

municipality his document

Back t

of the Alloca

t Initiative

20 of 34

10, 2014

for

to top

oved

ans in

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ution, terms "

ncial lity

pal is ach d if a of is a

may

for

. to top

ation

State Small Bu FAQs

The autho27, 2017. March 31 Between Jsubmit (1performathe allocamunicipal Participatthese repuses allocAct, Alloc

11. Will I

No. Treasannual anAnnual Re

12. How mUpdated Nexpectatio

Financial in any appamount oto an eligirisk for atthis capitasmall busStates maover a maalso see S


orities and duFurther, Trea, 2017.

January 1, 20) its final annnce results ofation was accolity must subm

ting states, teorting requirecated funds pation Agreem

be required t

ury intends tond cumulativeeport, as deta

much capital November 27on over five y

institution lenproved CAP oof their own cible small bus least 20% of al‐at‐risk requinesses, not aay calculate thaximum five‐ySSBCI’s revised

ative Application

uties Treasuryasury expects

017, and Marcual report, (2f the allocatioomplished usmit its final q

rritories, andements earlyrior to the exment, and SSB

to calculate m

o automaticae private leveailed in sectio

must particip7, 2013 to reflyears for mod

nders or otheor OCSP, in orapital at risk"siness under asuch loss. In uirement appat the "fund ohe private levyear time perd Modificatio

y to implemens that the exp

ch 31, 2017, e2) its final Fedon, including sing allocateduarterly repo

d municipalitie, even if a paxpiration of thBCI Policy Guid

my private lev

ally calculate erage ratio froon 4.8 of the A

pating lenderlect SSBCI’s podifications.

er private inveder to fulfill t". This meansan approved the case of a

plies at the levof funds" leveverage ratio eriod from Treaon Procedures

nt and adminpiration date o

each participaderal Financiaa narrative of funds. In addort by January

es will not, unrticipating stahe allocation tdelines rema

verage ratio f

each participaom the data pAllocation Ag

rs or investorolicy on calcu

estors must hthe requiremethat in the caSSBCI progran OCSP ventuvel of the funel. For Allocatexpectation ofasury’s appros, revised Nov

U.S. Depa

State S

ister the Progof all Allocatio

ating state, teal Report (SF‐4f how or the dition, each py 31, 2017.

nder any circuate, territory,time period. in in effect un

for each ann

ating state's, provided by ereement.

rs have at riskulating the pri

have at least 2ent of the Actase of defaultm, a private lure capital ord that makesion Agreemef their proposoval of the provember 22, 2

artment of th

mall Busin

gram terminaon Agreemen

erritory or mu425), and (3) extent to whparticipating s

umstances, b, municipalityRestrictions ntil March 31

ual report?

territory's, oach participa

k under a CAivate leverag

20% of their ot to have a "mt of a loan or lender or inver angel invests the investmnt modificatised Approvedoposed modi2013.

he Treasury

ness Credit

Page

October

ate on Septemnts will be

unicipality mua summary oich the purpostate, territor

be released froy draws downset forth in th1, 2017.

Back t

r municipalitynt's required

Back t

P or OCSP? e ratio

own capital ameaningful investment mestor will be ament networent in eligibleons, Participad State Prografication. Plea

Back t

t Initiative

21 of 34

10, 2014

mber

ust of the ose of ry, or

om n or he

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made at rk, e ating ams ase

to top

State Small Bu FAQs

13. Are thguaranteeDepartmePosted De Yes. If a bloan progpurpose aunder SBAand improloans if thloan guaroccupied equipmen Participatfrom the tloan purpto differelender/invtwo differ This FAQ

14. Are thProgram ofor the saPosted De Yes. One addition, Approved If, for exaParticipatfrom the tloan purpto differelender/invtwo differ This FAQ


here prohibited under theent of Agricuecember 17, 2

borrower receram, SSBCI fuas the SBA‐ orA’s 7(a) progrovements. Inhe proceeds foanteed underby the borrownt.

ting States shotwo loans forpose in the twnt vendors frvestor or borrent uses of t

is effective as

here prohibitor using morame loan purpecember 17, 2

loan cannot a lender mayd State Progra

mple, a borroting State shotwo loans forpose in the twnt vendors frvestor or borrent uses of t

is effective as

ative Application

ions on comb U.S. Small Blture (USDA) 2013.

eives a loan gunds may notr USDA‐guararam and an SSn contrast, a bor the two loar the SBA 7(awer, the borr

ould maintainr different puwo loan agreeom the procerower/investhe two loans

s of February

ions on enrole than one Apose? 2013.

be enrolled iny not divide oam, for the sa

ower receivesould maintain r different puwo loan agreeom the procerower/investhe two loans

s of February

bining a transusiness AdmBusiness & I

guaranteed by be used as cnteed loan. FSBCI‐supporteborrower mayans are for dif) or 504 progrower also ma

n documentarposes. Examments or proeeds from thetee prior to clor investmen

17, 2014.

lling the samApproved Stat

n more than one loan into mame loan purp

s two loans udocumentatrposes. Examments or proeeds from thetee prior to clor investmen

17, 2014.

saction suppoinistration (Sndustrial (B&

y the SBA’s 7(redit supportFor example, ed loan to puy receive twofferent purporams or the Uay receive an

tion showingmples of documissory notee two loans oosing the SSBnts.

e loan or invete Program to

one Approvedmultiple agrepose.

nder separateion showing tmples of documissory notee two loans oosing the SSBnts.

U.S. Depa

State S

orted with SSSBA) 7(a) or 5&I) loan progr

(a) or 504 loat to a loan or a borrower m

urchase the sao sources of Feoses. For examUSDA B&I pro SSBCI‐suppo

g that the borumentation ines, copies of cr investmentsBCI‐supported

estment in mo support mu

d State Progrements or no

e Approved Sthat the borroumentation ines, copies of cr investmentsBCI‐supported

artment of th

mall Busin

SBCI funds wi504 loan program?

an programs oinvestment fmay not use aame real estaederal suppomple, if a borogram to purcorted loan to p

rower used tnclude the dechecks from ts, or a statemd transaction

more than oneultiple loans o

ram at the samotes, each en

State Programower used thnclude the dechecks from ts, or a statemd transaction

he Treasury

ness Credit

Page

October

ith a loan grams or the

or the USDA’sfor the same a loan guaranate, including ort in two seprrower receivchase real estpurchase

he loan procescription of the lender payment signed bindicating th

Back t

e Approved Sor investmen

me time. In rolled in an

ms, the he loan proceescription of the lender payment signed bindicating th

t Initiative

22 of 34

10, 2014

U.S.

s B&I

nteed land arate es a tate

eeds he yable by the he

to top

State nts

eds he yable by the he

State Small Bu FAQs

15. Are thcredits, inPosted De Yes. An Scredits. Acredits. FThe CDE cgeneratesfunds meecredits. This FAQ

16. How dSSBCI maPosted Jan In accordaSSBCI Poli$5 millionmillion. Fof the loapurpose tcash collaloan). Forthat incluabout thebusinesseprivately million reequity ins In additioloans or inindicator common ownershipcross‐collindicatorstransactio


here prohibitncluding a Neecember 17, 2

SBCI‐supportAn SSBCI‐suppFor example, acannot then us tax credits fets program r

is effective on

does the $20 y be providinnuary 23, 201

ance with secicy Guidelinesn or less and cFor approved n directly supthat close on ateral, and loar equity invesdes an SSBCI‐e same date. es made by a managed funstriction cannstruments wit

n, Participatinvestments tthat multipleownership anp percentageateralization s are not exhaons exceed th

ative Application

ions on usingew Markets T2013.

ted transactioported transaassume SSBCuse the SSBCI‐or purposes orequirements

n February 17

million restrng support to14.

ction 3006(c)(s, an OCSP mucannot providState lendingpported by oror about the an participatiostment progra‐funded invesSSBCI supporState or its cods in which tnot be avoidethin an invest

ng States shoo affiliated ene loans or invend control bees vary betweand substantaustive, and Phe $20 million

g SSBCI fundsTax Credit (NM

on cannot be ction can onlI funds suppo‐supported loof a NMTC tras, SSBCI funds

7, 2014.

iction on credo one or more

(4)(C) and (D)ust target loade credit or ing programs, tr funded withsame date. Don (either puams, the $20 stment, includrt for an invesontractors, ashe State inveed by dividingtment round.

ould be wary antities that shestments to atween the enen the affiliattially the samParticipating Sn restriction.

s in combinatMTC) or Histo

used to increy be used ouort a loan to aoan to make aansaction. If s may be used

dit support ue transactions

) of the Small ans or investmnvestment suhe $20 millioh SSBCI funds,Direct SSBCI srchased partimillion restriding all classestment includs well as invesested SSBCI fug a larger loan

about participhould be strucaffiliated entitntities, regardted entities. Oe terms betwStates should

U.S. Depa

State S

tion with a traoric Preservat

ease the pool tside the strua community a qualified lowa given transd alongside a

under OCSPs as within a lar

Business Jobments with anpport if a given restriction , plus all othesupport for a icipation or ciction applieses of equity indes direct equstments in smunds (“fund on into smaller

pating in tranctured as a sities should codless of whethOther indicatoween the trand use their jud

artment of th

mall Busin

ansaction thation Tax Cred

of funds thatucture designdevelopmenw communitysaction suppo transaction t

apply in generger financing

bs Act and secn average prinen transactioapplies to theer loans for thloan includesompanion pas to a single innstruments thuity investmemall businessef funds” inver loans or by c

nsactions thatingle loan or ionstitute a sinher the owneors include sactions. Thedgment in ass

he Treasury

ness Credit

Page

October

Back t

at generated dit transactio

t generates taed to leveragt entity (CDEy investment orted with SSBthat generate

Back t

eral and wheg?

ction II of the ncipal amounn exceeds $2e principal amhe same loan s a guaranteearticipation nvestment rohat close on oents in small es made by stments). Thcreating sepa

t involve multinvestment. ngle transactier’s or owners

e examples asessing wheth

t Initiative

23 of 34

10, 2014

to top

tax on?

ax ge tax ). that BCI es tax

to top

n

nt of 20 mount

e,

und or

e $20 rate

tiple One ion is s’

nd her

State Small Bu FAQs

Treasury reach trancould reas

17. Can a A Participfrom its S

noncompnoncomp

For situatis noncomaccordancPolicy GuiOversightSSBCI, guiprovided noncompwill refer intentionaas requirehas condu For both sthe OIG athe Allocainformatiomisuse waParticipatprogram rdetermine Treasury mfunds fouTreasury wdisalloweand review

1 SSBCI rereckless ordeterminatfunds, as re


recognizes thsaction carefsonably be vi

participating

ating State mSBCI program

liant use of fuliance or mis

ion (1), SSBCImpliant. SSBCce with the Smidelines, the St. Additional idance distribby Treasury tliance constitthe case to thal, it will issueed by Section ucted a misus

situations (1) dditional infoation Agreemon for SSBCI’sas identified. ting State willrequirementse the respons

may also allond to be nonwill allow thed administratwed by SSBCI

ecognizes that Pr intentional. Stions remain inequired by Sec

ative Application

hat each transully and to doewed as exce

g State cure a

may wish to unm account: (1)

unds; or (2) wuse not chara

I will performCI staff will comall BusinessSSBCI Allocatisources couldbuted at a conto the Participtutes potentiahe OIG to pere a formal rec3003(c)(1)(Cse analysis, an

and (2), the Pormation thatent has occurs analysis tha In the case o be given 30 cs. If an instanse time for its

w a Participatcompliant or e Participatingtive expensesI Compliance

Participating S

SSBCI will conn place. If the Oction 3003(c)(1

saction is factocument the eeding the $2

a noncomplia

n‐enroll a par) when the Pa

when the Officacterized as re

m an analysis tnsider the nas Jobs Act andon Agreemend include appnference or onpating State, ial misuse tharform an audicommendatio)(ii) of the Smnd SSBCI need

Participating t will be used rred. The Part was not conof disallowed calendar daysnce of potentis data reques

ting State to misused. If Tg State to un‐s from the SSBstaff. Treasu

States may wishnsider such reqOIG finds that 1)(C)(ii) of the

t‐specific and justification f20 million rest

ant use of SSB

rticular transaarticipating St

ce of the Inspeckless or int

to determineature of the ud with establint, and the Naplicable frequn a conferencincluding via t may meet tit. If the OIG on to SSBCI, rmall Business Jd not conduct

State will be to determinerticipating Stansidered at thor impermisss to demonstial misuse is rts.

replenish its STreasury apprenroll the loaBCI account oury recognizes

h to un-enroll iquests on a case

the misuse is rSmall Busines

U.S. Depa

State S

reminds the for participattriction.

BI funds?

action or usetate itself or S

pector Generatentional.1

whether these of funds ashed policy gational Standuently asked qce call, and anemail. If SSBthe level of “rfinds that theecommendinJobs Act. Fort one.

afforded an oe whether a gate will be givhe time the insible adminisrate that thereferred to th

SSBCI programroves a propoan or investmonce sufficiens that some P

instances of mie-by-case basisreckless or intess Jobs Act.

artment of th

mall Busin

Participatinging in any tra

of administraSSBCI identifi

al (OIG) identi

state’s use ond the extentguidance, incldards for Comquestions (FAny other writtCI determinereckless” or “e misuse is reng that the fur situation (2)

opportunity tgeneral event ven 30 calendnstance of notrative expenadministrativ

he OIG for an

m account in osed replenisment or removnt documentaParticipating S

isuse found bys; however, theentional, SSBC

he Treasury

ness Credit

Page

October

g State to asseansaction that

Back to top

ative expensees a potentiaifies an instan

f funds in quet to which it wuding the SSB

mpliance and AQs) publishedten guidancees the instancintentional”, eckless or nds be recou), the OIG alre

to provide SSBof default un

dar days to suncompliancenses, the ve expenses saudit, the OIG

the amount hment, ve the ation is receivStates may no

y the OIG to bee OIG’s findingCI will recoup t

t Initiative

24 of 34

10, 2014

ess t

p

es lly nce of

estion was in BCI

d by

e of SSBCI

ped, eady

BCI or nder pply or

satisfy G will

of

ved ot

e gs and the

State Small Bu FAQs

have fundother rem

Written aan exampTreasury’sconductinhas been under theaccount. Treasury mState’s nowidespreaTreasury m If an instaissue a wrthe SSBCI from the dAgreemencircumsta Process fo Documen A Participjustificatiojustified, TParticipatthe follow 1. A lettadministrand that STreasury, will not be 2. Accoureplenishe 3. A certtransactioaccord wiaccount.


ds available tomedies, includ

pproval is neple certificatios approval of ng its own revreckless or ine statute rega

may determinoncompliancead; or (c) it ocmay recomm

ance of noncoritten notice oAllocation Agdate of the nont, and informnces, with ac

or Requesting

tation for the

ating State mon for the proTreasury will ting State haswing:

er from the Pation that infSSBCI funds nthe Participae honored us

unting documed.

tification fromon and that thth Participati

ative Application

o replenish thding reducing

eded for replon to request f any replenishview of non‐cotentional misardless of whe

ne that the ope meets any occurred after end a determ

ompliance canof a general egreement. Thotice to respom the Participccompanying

g Treasury’s A

e Replenishm

must provide Toposed replenprovide the Preplenished

Participating Sforms the leno longer suppting State muing SSBCI fun

mentation evid

m the Authorihe Participatinng State laws

he SSBCI progthe amount o

enishment anTreasury’s aphment and unompliance isssuse, recoupmether the Part

pportunity toof the followinrelevant guid

mination of a g

nnot be curedevent of defauhe written noond, in accordpating State thdocumentati

Approval to Re

ent of Loans

Treasury withnishment andParticipating Sthe SSBCI Pro

State to the leder that the tport the transust provide evds.

dencing that t

ized State Offng State has us and requirem

ram account,of future disb

nd un‐enrollmpproval are pn‐enrollment sues to determment in the amticipating Sta

o rebut or cureng criteria: (a)dance was progeneral event

d in a mannerult to the Partotice will givedance with Sehat it may incon, in the res

eplenish and U

and Investme

h a written ded un‐enrollmeState with wrogram Accoun

ender, investotransaction issaction. For cvidence that t

the Approved

ficial that expundertaken aments, to rep

U.S. Depa

State S

, in which casbursements.

ment. Documrovided belowdoes not precmine misuse.mount of suchte has replen

e is not appro) it was not seovided. If anyt of default.

r satisfactoryticipating Stathe Participaection 6.6 of tclude any mitsponse.

Un‐enroll

ents

escription of eent. If Treasuritten conditiont, the Partici

or, or third pas no longer encertain transathe relevant c

d State Progra

plains the reasll necessary aplenish the Ap

artment of th

mall Busin

se Treasury m

mentation reqw. Please noclude the OIG If the OIG deh misused funished the SSB

opriate if a Paelf‐reported; y of these crit

to Treasury, Tte, pursuant ting State 10 the SSBCI Alloigating facts o

each transactury determineonal approvaipating State

arty involved nrolled in the actions, as decontract is no

am account h

son for un‐enactions and trpproved State

he Treasury

ness Credit

Page

October

may exercise

uirements ante that G from etermines thends is requiredBCI program

articipating (b) it was teria is prese

Treasury mayto Section 6.1calendar dayocation or

ion and the es the requesl. Once the must provide

in SSBCI progra

etermined byo longer valid

has been

nrollment of eransactions, ie Program

t Initiative

25 of 34

10, 2014

nd

ere d

nt,

y 1 of ys

t is

e

am,

or

each n

State Small Bu FAQs

Documen

A Participthe justifirequest isthe Particthe follow

1. Accou

2. A certthe admintransactioaccount.

Treasury’s

Treasury wthat it is stransactio

Example AReplenish

Reference ] [the Partic

I, the undthe date otransactio

[I

The reasoto be un‐e I further cand transnon‐SSBCaccount cAgreemenAllocation


tation for the

ating State mcation for thes justified, Trecipating State wing:

unting docum

tification fromnistrative expons, in accord

s Approval to

will review thsufficient, willons or admini

Authorized Stment

e is made to t(Allocation Agcipating State

ersigned as tof this certificons and/or ad

nsert list of tr

ons for the unenrolled].

certify that thactions, in acI funds into [tontaining SSBnt]. The depon Agreement.

ative Application

e Replenishm

must provide Te proposed reeasury will prohas replenish

mentation evid

m the Authorienses and thad with Particip

o Un‐Enroll Lo

he documental provide the strative expe

tate Official’s

the State Smagreement), bee].

he Authorizedcation, [the Padministrative

ransactions a

n‐enrollment a

he [the Particicord with [ththe Program BCI funds alloosited funds w

ent of Admin

Treasury witheplenishmentovide the Parhed the admi

dencing that t

ized State Offat the Particippating State la

oans, Investme

ation submitteParticipating nses.

Certification f

all Business Cretween the U

d State Officiaarticipating Stexpenses fro

nd/or admini

are [specify fo

pating State]e Participatinidentified undcated for Admwill be used in

nistrative Expe

h written desct and un‐enrorticipating Stanistrative exp

the SSBCI pro

ficial that exppating State haws and requ

ents, and Adm

ed following rState with w

for Seeking T

redit InitiativeUnited States

al of [the Parttate] requestm the Particip

istrative expe

or each trans

has undertakng State] lawsder Annex 1 oministrative Fn accordance

U.S. Depa

State S

enses

cription of theollment. If Treate with writtpenses, the P

ogram accoun

plains the reashas undertakeuirements, to

ministrative E

replenishmenwritten approv

Treasury’s App

e (SSBCI) AlloDepartment

ticipating Stas un‐enrollmepating State’s

enses to be un

action and/o

ken and comps and requiremof the AllocatFunds under A with the term

artment of th

mall Busin

e administratieasury determen conditionaarticipating S

nt has been re

son for the unen all necessareplenish the

Expenses

nt and, if Treaval to un‐enro

proval for Un

ocation Agreeof the Treasu

te], hereby cent of the fols SSBCI accou

n‐enrolled]

r administrat

pleted all necments, to deption AgreemeAnnex 3 of thms and condi

he Treasury

ness Credit

Page

October

ve expenses amines that theal approval. OState must pro

eplenished.

n‐enrollmentary actions ane SSBCI progra

sury determinoll the relevan

‐Enrollment a

ment dated aury (Treasury)

ertify that aslowing unt:

tive expense

cessary actionposit [$ ] oent] OR [the e Allocation tions of the

t Initiative

26 of 34

10, 2014

and e Once ovide

t of nd am

nes nt

and

as of [ ) and

of

ns of

State Small Bu FAQs

18. May S Yes, religiinvestmenreligious pestablishm

purpose,

Municipa

1. W Foin"Icoto

2. Hfu MboSSfieawp

3. Ifm usiness Credit Initi

SSBCI funds s

ous establishnt are used opurpose. SSBment for the

including, but

lities

What is a mun

or the purposncorporated cndian tribe" ommunity thao the Federal

ow can my munds?

Municipalities ecause thoserder for a StaSBCI's websitle a completearliest possibwill post a notermission to

f my municipamunicipality to

ative Application

upport a loan

ment may renly for a “busBCI funds maypurposes of d

t not limited

nicipality for p

ses of adminicity, town, bomeans an Indat the Secretaly Recognized

municipality r

in Wyoming e two States dte to be eligibe listing thosee application le notice thatice on SSBCI'sapply for SSB

ality has permo be consider

n or investme

eceive SSBCI fsiness purposy not support directly suppo

to, worship, r

purposes of t

stering the SSorough, villagedian or Alaskaary of the Intd Indian Tribe

receive specia

and North Dadid not file a nble for SSBCI e States that by June 27, 2t they may cos website listiBCI assistance

mission to apred?

ent to a religi

unds providese.” A “businea loan or invorting, assistinreligious instr

the SSBCI?

SBCI programe, or townshia Native tribe,erior acknowe List Act of 19

al permission

akota currentnotice of intenfunding. By Jhad filed a no2011, so that onsider whething additiona.

pply for SSBCI

U.S. Depa

State S

ious establish

ed that the press purpose”vestment usedng, or furtherruction, or pr

m, Treasury dep; or a federa, band, nation

wledges to exi994, 25 U.S.C

n from the Se

tly have permnt by Novemuly 8, 2011, Totice of intenmunicipalitieher to apply dl States in wh

I funding, wh

artment of th

mall Busin

hment?

oceeds of the does not incd by the religring an explicroselytization

efines a "munally‐recognizen, pueblo, vilst as an IndiaC. 479a.

ecretary to ap

mission to appber 27, 2010,Treasury will nt by Novembs in those Stadirectly. In Auhich municipa

hat must I do

he Treasury

ness Credit

Page

October

Back to top

e loan or clude an expliious citly religious

.

nicipality" as aed Indian triblage, or an tribe pursu

Back t

pply for SSBC

ply for SSBCI f, as required post a noticeber 27 but didates will haveugust, Treasualities have

Back t

in order for m

t Initiative

27 of 34

10, 2014

p

citly

any e.

uant

to top

I

funds in on d not e the ry

to top

my

State Small Bu FAQs

Inb20

4. Is TrThth

5. Ifes NofSelacoinca

6. H Elpamalsh


n order to be oth of the fol011:

1. The apexprespursuabind thlegal m

2. The apsubsta

s my municipa

reasury encohis will enablheir intent to

f my municipastablished de

o. Section 30f municipalitiecretary shallargest populaonsider the anclude the anapacity; mana

ow much sho

ligible municirograms can mount of thellocation, pleahould be cons

ative Application

considered folowing requir

pplication is frssly designateant to the deshe municipalimechanisms ipplication conantive respon

ality required

urages eligible Treasury toapply.

ality satisfieseadline, will w

004(d)(5) of thes, of a Statel allocate fundtions. In addidditional eligticipated benagement skill

ould my mun

ipalities shouuse for progr SSBCI allocatase refer to tsistent with t

or funding, elrements no la

rom an eligibed by the munsignation lettity to obligatin place to accntains a substse is one whi

d to file a not

le municipalito offer technic

s the eligibilitwe automatic

he Act states e apply for apds to the 3 mtion, Section ibility considenefits to the S and experien

nicipality app

ld request thram purposestion for your he SSBCI webhe applicant'

igible municiater than 5 p.

le applicant (nicipality's cher attached tons with the cept the transtantive responch reflects a g

tice of intent

ties to file by cal assistance

y criteria andcally receive

that if more tproval, and municipalities 3004(d)(7) oerations set fState, its residnce; internal

ly for?

e amount of Ss through DecState as a whbsite at http:/s narrative at

U.S. Depa

State S

palities must.m. Eastern D

(i.e. a municiphief executiveto question 1Bfederal govesfer of SSBCI nse to all reqgood faith eff

to apply?

August 15, 20e to those mu

d submits a cfunding?

than three mmeet the appl(or combinatf the Act requforth in Sectiodents, and its controls; and

SSBCI funds tcember 31, 20hole (for the a//www.treasuttachments to

artment of th

mall Busin

t file an applicDaylight Time

pal departmee to implemenB in the applirnment as wefunds; and uired fields afort to answe

011, a noticeunicipalities th

ompleted ap

unicipalities, licable approvtions of municuires the Secron 3006(d) ofbusinesses; o

d program des

they believe t016, but not tamount of eaury.gov/ssbcio Section 3D

he Treasury

ness Credit

Page

October

cation meetinon Septembe

ent or agency nt the progracation) that cell as have th

and narrativeser the questio

Back t

of intent to ahat have indic

Back t

pplication by t

or a combinaval criteria, thcipalities) witretary to alsof the Act, whioperational sign.

Back t

their proposeto exceed theach State's ). This amounand 4E of the

t Initiative

28 of 34

10, 2014

ng er 27,

m can e

s. A on.

to top

apply. cated

to top

the

ation he th the o ch

to top

ed e

nt e

State Small Bu FAQs

apamre

7. If Threpmththmmco30w

8. A AmapcocopmmpthwFoTr InTrrem


pplication, whmounts throuequested, the

f my municipa

he size of youequested in throvide the ce

municipality uhe total amouhat State's totmunicipalities municipalities ombinations 004(d)(6) of t

when making t

Are there any

ll of the SSBCmunicipalities pplying in a joompleted appombination aarty to the jo

must contain tmunicipality (aoint of contachat all partieswill be responsorm SF‐425 (Freasury staff.

n addition, as reasury revieespective rolemunicipalities

ative Application

hich require dugh Decembee applicant wi

ality is appro

ur municipalithe applicatioeiling for the apon approvalunts requestetal allocation,apply, then Tin amounts pof municipalithe Act. Treasthese calculat

additional re

CI application submitting jooint applicatioplication signapplication. Thint applicatiothe names of as defined by ct for all matts to the joint asible for comFederal Finan

a condition ow a cooperates and responinvolved. Tre

detailed forecer 31, 2016. Ifill be asked to

ved for fundi

ty's allocationn, as supportamount of SSl and executioed by the mun, or if more thTreasury will aproportionateties) approvesury will use ptions.

equirements

requirementoint applicatioon for SSBCI fature page frhe chief execon must submall municipalSSBCI) is the ters involvingapplication copiling and subncial Report),

of closing, thetive agreemennsibilities. Thieasury will the

casts regardinf these narrato file a revised

ing, what wil

n is dependened by the narBCI funds thaon of the SSBnicipalities sehan three muapportion thee to the popued for SSBCI fupopulation da

for applicatio

ts that apply tons. Eligible mfunds are reqom each munutive of each

mit a letter of ities that are "lead applicag the applicatomply with pbmitting the qand for respo

e municipalitint outlining ts cooperativeerefore not b

U.S. Depa

State S

ng the projectives are not cd application

ll the size of o

nt upon severrrative attachat may be tranBCI Allocation elected for fununicipalities oe State's alloclation of thosunding, in accata from the m

ons from com

to States alsomunicipalitiesquired to submnicipality or m municipalitydesignation. party to the ant." The "leaion and that wrogram requiquarterly reponding to any

es in a joint aheir internal e agreement be responsible

artment of th

mall Busin

ted number oconsistent wi.

our allocation

ral factors. Firhments to Secnsferred to thAgreement. nding in a givor combinatiocation amongse municipalitcordance witmost recent d

mbinations of

o apply to mus or other mumit a signed Smunicipal enty or municipalThese lettersjoint applicatad applicant" will be respoirements. Theports, annual y requests for

application wallocation of is a private coe for approvin

he Treasury

ness Credit

Page

October

of loans and lth the amoun

Back t

n be?

rst, the amouctions 3D andhe eligible For instance,ven State exceons of g approved ties (or h Section decennial cen

Back t

f municipaliti

nicipalities anunicipal entitieSF‐424B and aity in the l entity that iss of designatiotion and whicwill serve as nsible for ense "lead applicreports, and r information

ill submit for funds and thontract amonng or enforcin

t Initiative

29 of 34

10, 2014

loan nt

to top

unt d 4E,

if eed

nsus

to top

ies?

nd es a

s a on ch the suring cant"

from

eir ng the ng

State Small Bu FAQs

tha

9. MsmM YewPaoshwrethM ThMsuty AofinavA


his private cocondition of

May Participatmall businessMunicipality?

es, provided twriting, that tharticipating Mutside of its ghould considewithin the Partevenue to thehe small businMunicipality.

hese exampleMunicipalities ubstantiate thype.

written warrf the Participanvestment mavailable to Trgreement.

ative Application

ntract; howevclosing.

ting Municipses that are lo

that the mayohe loan or invMunicipality. Wgeographic boer the impactticipating mue Participatingness to the Pa

es are illustramay work wihe significant

ranty of the aating Municipade outside oeasury upon

ver, Treasury

alities use SSocated outsid

or or chief exvestment will When evaluaorders yields s that the tranicipality; b) g Municipalitarticipating M

tive of signifiith their SSBC economic be

nticipated ecpality, must bof the bordersrequest, purs

y will review t

SBCI funds to de the geogra

xecutive of a Presult in signting criteria tsignificant ecansaction will increasing thy; or c) the be

Municipality o

cant economCI Relationshienefit that ma

conomic benebe retained ws of a Participsuant to Secti

U.S. Depa

State S

the cooperati

support loanaphic borders

Participating nificant econoto determine conomic benehave on a) jo

he amount of enefit of the or businesses

mic benefit, bup Manager toay result from

efit, signed bywith the transapating Municiions 4.13 and

artment of th

mall Busin

ve agreemen

ns or investms of the Parti

Municipality omic benefit tif a loan or inefit, Participatobs created osales, incomegoods or servwithin the Pa

ut not exhauso seek advice m a loan or inv

y the mayor oactions recordpality and mud 4.14 of the A

he Treasury

ness Credit

Page

October

nt for sufficien

Back t

ments to eligibicipating

warrants, in to the nvestment mating Municipaor maintainede, or other tavices providedarticipating

stive. Particip on other wayvestment of t

or chief execuds for each loust be made Allocation

Back t

t Initiative

30 of 34

10, 2014

ncy as

to top

ble

ade alities d x d by

ating ys to this

utive oan or

to top

State Small Bu FAQs

Appendix

Treasury hmay use inot intendmunicipalfor use by

Sample S

These ass2010. Legal nam________The borro

1. Thinfeimphse19

2. Th

3. Th

For the pusharehold


x 1

has created thn order to obded to replacelity has in play the participa

Small Busines

urances refer

me of borrowe____________ower or invest

he loan or invncludes, but isees, equipmemprovementsurposes. Theolding passiveecurities; and995, P.L. 104‐he loan or inv

1. repay plan in

2. repay 3. reimbu

for the4. to pur

he borrower 1. an exe2. a mem

shareh3. a relat

memb

urposes of thder", "immed

ative Application

his sample setain certificate or supersedce. Rather, thating state, te

ss Borrower/

rence Section

er or investee___________tee hereby ce

vestment pros not limited tnt, inventorys of an eligiblee definition ofe investmentd lobbying act‐65, as amendvestment proa delinquent n place with ttaxes held in urse funds owe business' cochase any poor investee isecutive officermber of the imholder of the ted interest ober of the imm

ese three resiate family", a

elf‐certificatiotion from smade any internahis certificatioerritory, or mu

Investee Cert

n 3005(e)(7) a

e: ____________ertifies the fo

ceeds will beto, start up co, as well as the place of busf business puts, such as comtivities, as defded. ceeds will nofederal or stahe relevant ttrust or escrowed to any owontinuance; ortion of the os not: r, director, ormmediate famlenders; or f an such exemediate famil

trictions, theand "related

on that a partall business bal controls theon is providedunicipality ac

tification for

and Section 3

___________ollowing to the

e used for a "bosts, workinghe purchase, csiness that is rpose excludemmercial reafined in Sectio

ot be used to:ate income taaxing authoriow, e.g. payrowner, includinr ownership int

r principal shamily of an exe

ecutive officery.

terms "execuinterest" refe

U.S. Depa

State S

ticipating statborrowers or ie participatind for illustraticcording to th

Use of Proce

011(c)(2) of t

_______ e lender or in

business purpg capital, busiconstruction not for passives: activities tl estate owneon 3(7) of the

axes unless thity; or oll or sales tang any equity

terest of any

areholder of tcutive officer

r, director, pr

utive officer"er to the sam

artment of th

mall Busin

te, territory oinvestees. Thng state, territive purposes heir discretion

eeds

the Small Bus

nvestor:

pose." Busineness procurerenovation ove real estatethat relate toership and the Lobbying Di

he Borrower

axes; or y injection or

owner of the

the lender; or, director, or

rincipal share

, "director", e relationship

he Treasury

ness Credit

Page

October

r municipalityhis certificatiotory, or and is availabn

siness Jobs Ac

ess purpose ement, franchor tenant e investment o acquiring ore purchase osclosure Act

has a paymen

injection of c

business.

r r principal

eholder, or

"principal p to a lender

t Initiative

31 of 34

10, 2014

y on is

ble

ct of

hise

r f of

nt

capital

as

State Small Bu FAQs

the relatiosuch part

1. Th

Le

ByA

N

Ti

D


onship descri.

he borrower 1. a busin

price rin comthe bufluctua

1.

2.

3.

4.

egal Name:

y: uthorized Sig

ame:

itle:

ate:

ative Application

bed in part 2

or investee isness engagedrather than thmmodities futusiness and paations relateda business tactivities; uCommunitya business based on tha business law in the jthese activproducts thdrug parapprostitutiona business 33% of its a

gnatory

15 of title 12

s not: d in speculativhrough normaures, unless tart of a legitimd to the regulthat earns mounless the busy Developmeengaged in pyhe sales madeengaged in acurisdiction wities is the prohat are to be hernalia or on); or engaged in gaannual net rev

of the Code o

ve activities tal course of tthose activitiemate risk manar activities oore than half siness is a nonnt Financial Inyramid sales,e by an ever‐ictivities that

where the busoduction, serused in conneperating a mo

ambling entevenue from lo

U.S. Depa

State S

of Federal Re

hat develop prade, such ases are incidennagement strof the businesof its annualn‐bank or nonstitutions; o, where a partincreasing nuare prohibiteiness is locatervicing, or distection with aotel that know

erprises, unlesottery sales.

artment of th

mall Busin

egulations, or

profits from fs wildcatting fntal to the regrategy to guass; or net revenue n‐bank holdinor ticipant's primumber of parted by federal ed or conductribution of on illegal activwingly permi

ss the busine

he Treasury

ness Credit

Page

October

any successo

fluctuations infor oil and degular activitierd against pri

from lendingng company

mary incentivticipants; orlaw or applicated. (Includeotherwise legvity, such as sts illegal

ss earns less

Back t

t Initiative

32 of 34

10, 2014

or to

n aling es of ice

g

ve is

able ed in al elling

than

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State Small Bu FAQs

Appendix

Treasury hmay use ireplace orplace. Raparticipat

Example L

This AssurLegal nam________The Lende

1. Thapth

2. Thb

3. Th4. [F

co

Legal Nam

By: Authorize

Name:

Title:

Date:

This Appe


x 2

has created thn order to obr supersede aather, this certting state, ter

Lender/Inves

rance is referme of lender o____________er/Investor h

he loan or invpproved statehat is or was ohe loan or invorrower by thhe lender is nFor investmenonflict of inte

me:

ed Signatory

endix 2 is effe

ative Application

his sample setain certificatany internal cotifications is prritory, or mun

stor Certificat

renced by Secor investor: ___________ereby certifie

vestment hase program prowed by the vestment is nhe lender or anot attemptinnt under SSBCerest rules set

ective on July

elf‐certificatiotion from lendontrols the paprovided for inicipality acco

tion for Use o

ction 3005(e)(

____________es to the Parti

not been maior debt that borrower to tot a refinancan affiliate of ng to enroll thCI Venture Cat forth in the

1, 2014.

on that a partders or investarticipating stllustrative puording to the

of Proceeds

(7) of the Sma

___________icipating Stat

ade in order tis not coverethe lender oring of a loan othe lender.

he unguaranteapital ProgramNational Stan

U.S. Depa

State S

ticipating stattors. This certate, territoryurposes and iseir discretion.

all Business Jo

___________te the followin

to place undeed under the ar to an affiliator investmen

eed portions ms] The invesndards for Co

artment of th

mall Busin

te, territory ortification is ny, or municipas available for

obs Act of 20

________ ng:

er the protectapproved stae of the lendent previously m

of SBA‐guarastment compompliance and

he Treasury

ness Credit

Page

October

r municipalityot intended tality has in r use by the

010.

tion of the ate program aer. made to that

anteed loans.plies with the d Oversight.

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t Initiative

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y to

and

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State Small Bu FAQs

Appendix

Treasury hmay use iinvestees.participatillustrativeaccording

Example S

(May be U

This certiprivate enby a partiLegal nam________As requirecertifies tsex offensand Notiffollowingpartner wcorporatiothe five mdirect or iLegal Nam

By: Authorize

Name:

Title:

Date:


x 3

has created thn order to ob. This certificting state, tere purposes ang to their discr

Sex Offender

Used for Both

fication is reqntity that rececipating Stateme of entity: ____________ed by Sectiono the participse against a mication Act (4: if a sole prowho is a naturon, limited liamost highly condirect holdeme:

ed Signatory

ative Application

his sample setain certificatation is not inrritory, or munnd is availableretion.

r Certification

h Borrowers/

quired by Seceives a loan, ae under the S

___________ 3011(c)(2) opating State thminor (as such42 U.S.C. 1691prietorship, tal person andability compaompensated eer of 20% or m

elf‐certificatiotion from lendntended to renicipality hase for use by th

n

/Investees an

ction 3011(c)(a loan guarantate Small Bu

____________f the Small Buhat the Princih terms are d11)). For the he proprietod holds a 20%ny, associatioexecutives or more of the o

on that a partders, investoreplace or supe in place. Rathe participati

d Lenders/In

(2) of the Smantee, or otherusiness Credit

___________usiness Jobs Aipals of the pefined in sectpurposes of tr; if a partner% or more owon or a develoofficers of th

ownership sto

U.S. Depa

State S

ticipating statrs, and small ersede any intther, this certing state, terr

vestors)

all Business Jor financial asst Initiative.

___________Act of 2010, trivate entity tion 111 of ththis Certificatrship, each mnership interopment comphe entity, andock or stock e

artment of th

mall Busin

te, territory obusiness borrternal controtification is prritory, or mun

obs Act of 20sistance using

________ the private enhave not beehe Sex Offendtion, Principaanaging partest in the parpany, each di each naturaequivalent of t

he Treasury

ness Credit

Page

October

r municipalityrowers or ls the rovided for nicipality

10 from any g funds receiv

ntity hereby en convicted oder Registratil means the ner and eachrtnership; andrector, each ol person whothe entity.

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t Initiative

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10, 2014

y

ved

of a on

d if a of is a

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Documents

Depa Treasury State Small Busin ess Credit Frequently ... adm n to strength rs. In conjun n lending to s to expand a ortunity to bu pital Access rams, loan p ... , Guam, Ame in the