Fund Tennessee (SSBCI)

Fund Tennessee (SSBCI) Fund Tennessee connects business owners and entrepreneurs with the right resources at the right time. Fund Tennessee supports and expands an inclusive continuum of access to capital for small businesses and entrepreneurs throughout Tennessee. The  Department of Treasury (Treasury)  is administering a second installment of the  State Small Business Credit Initiative (SSBCI)    as part of the  American Jobs Plan.   SSBCI 1.0  was passed in 2010 and ran from 2011 to 2017. For SSBCI 2.0, Treasury has allocated $10 billion to provide funding for (1) small business financing, and (2) technical assistance to help small and diverse businesses become capital ready. Tennessee's SSBCI program, called Fund Tennessee, is comprised of InvestTN, the equity  debt program, and AssistTN, encompasses the technical assistance component. Fund Tennessee launched in mid-2023 is currently deploying dollars and technical assistance throughout the state. To learn more about Fund Tennessee visit the website  here . Note : We encourage those interested in Fund Tennessee (SSBCI) to visit  Fund Tennessee and to sign   up for TNECD’s weekly newsletter for upcoming opportunities. Funding Categories Allocation TN Allocation Description State Allocation $6 billion $60,573,813 Based on 2020 unemployment figures Technical Assistance $500 million $3,848,992 Could be before or after loan or equity infusion, general assistance; to be allocated as a separate grant Microenterprises (Very Small Businesses) $500 million $4,816,620 Businesses with fewer than 10 employees SEDI Business Allocation $1.5 billion $33,612,467 Socially and Economically Disadvantaged Businesses (SEDI) SEDI Business Incentives $1 billion $17,926,649 Performance-based Tribal Governments $500 million N/A Tennessee does not have any tribal governments Total : $10 billion $116,929,549 Find a full list of allocations here . Current status: Deploying funds statewide Fund Tennessee   Tennessee's application was submitted February 11, 2022 and final approval was announced by Treasury on February 27, 2023. For updates on this and other programs, sign-up for the TNECD newsletter . LendTN  — The right infusion of funds at the right time Current lenders are posted on the Fund Tennessee website The Intent to Participate  submission period for non-depository CDFIs and MDIs was open April 1 to April 30, 2025.  An online Q&A session for potential eligible lenders was held  April 22 at 3p CT / 4p ET. InvestTN  — Equity investments into Tennessee-located startups Visit the Fund Tennessee website to learn about accessing equity investments through the Regional Seed or Growth Funds. AssistTN —   Resources to get businesses capital-ready The Tennessee Small Business Development Center (TSBDC) is the designated Technical Assistance (TA) partner for the SSBCI Capital Access Program. The Tri-Star Angel Program, or TAP, is an angel capital training program for Tennessee’s potential investors and  businesses to prepare to receive angel capital. TAP launched in fall 2024. If you are a existing small or underutilized business owner or entrepreneur looking for more resources, visit the BERO website and/or TN SmartStart  to get your personalized list of resources, build your own business model canvas, or locate resources near you. Contact Information Website:  Fund Tennessee Phone: (615) 741-1888 Email: [email protected] updated: March 3, 2026