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State Small Business Credit Initiative (SSBCI)

The American Rescue Plan Act (ARPA) of 2021 reauthorized and amended the Small Business Jobs Act (SBJA) of 2010 to provide $10 billion to fund the State Small Business Credit Initiative (SSBCI) as a response to the economic effects of the COVID-19 pandemic. SSBCI is a federal program administered by the Department of the Treasury that was created to strengthen state programs that support private financing to small businesses.


Nebraska Growth Loan Fund (NGLF)
Loan participation program designed to increase lending to eligible small businesses in Nebraska. In the NGLF model, the lender originates a senior loan, and the Department of Economic Development provides a second loan to a qualified Community Development Financial Institution (CDFI) or  the small business borrower. In order to increase capital access in communities and meet Nebraska’s objective of reaching underserved Nebraska (SEDI) small businesses, NGLF will utilize Nebraska CDFIs in sourcing and packaging all NGLF loans.


Nebraska Seed and Development Fund (NSDF)
Equity capital direct investment program that makes investments in qualified Nebraska small businesses. NSDF is conducted via a partnership between an approved venture capital fund (VC) and the Department of Economic Development.

Eligibility Information

Nebraska Growth Loan Fund (NGLF)
The goal of NGLF is to leverage private lending to help finance bankable, or near bankable small businesses and manufacturers that are not getting the loans they need to expand and create jobs.

Nebraska Seed and Development Fund (NSDF)
Eligible businesses are business corporations, partnerships, and sole proprietorships with no more than 750 employees, with headquarters and a physical location in Nebraska.

Application Information

Each NGLF loan has a maximum of $5,000,000 and will be required to have at least 1:1 match from a qualified lending institution with the expectation that most loans will be at or below 25% participation.

The NSDF maximum participation amount is $5,000,000. A 1:1 private investment match is required.

Nebraska Growth Loan Fund (NGLF)

Application Period: Open Cycle

Administered by:

Nebraska Seed and Development Fund (NSDF)

Application Period: Open Cycle

Administered by:

Have questions?

Nisha Avey

Small Business Assistance Manager