In 2014, the Montana State Small Business Credit Initiative (SSBCI) leveraged $585,000 in federal SSBCI funds to generate $1 million in private loans and investment for Montana small businesses according to the U.S. Treasury Department’s annual SSBCI report. These funds have supported loans made by financial institutions, which has led to the retention or creation of 830 jobs in Montana.
The report summarizes the past year’s aggregated national impact as well as state-by-state results. Overall, the SSBCI program is expected to stimulate $10 in new small business lending and investing for every dollar of federal support by the program’s end. View the annual report and state-by-state results.
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- Montana/bank partnership generates $1M in private financing for small businesses: http://www.treasury.gov/resource-center
- Montana/bank partnership helps small businesses preserve or create 830 jobs, says Treasury report: http://www.treasury.gov/resource-center
- Montana/bank partnership yields 46 private loans or investments for small businesses: http://www.treasury.gov/resource-center