The U.S. Department of the Treasury recently approved up to $339 million in funding for five states and territories under the State Small Business Credit Initiative (SSBCI). They include Arkansas, Guam, Rhode Island, the U.S. Virgin Islands, and Wisconsin. SSBCI was established in 2010 and then recently reauthorized and expanded under President Biden’s American Rescue Plan. Overall, SSBCI will provide up to $10 billion to states, the District of Columbia, territories, and Tribal governments to increase access to needed capital and promote entrepreneurship, particularly in traditionally underserved communities.