The U.S. Treasury has recently published a paper, State Small Business Credit Initiative: Opportunities for CDFI Loan Funds.

State Small Business Credit Initiative (SSBCI) credit support programs present an opportunity for community development financial institutions (CDFIs) to expand their lending to eligible small businesses, including to underserved small businesses and non‐profits and through credit to support certain small construction projects. States, territories, and Tribal governments have created programs poised to support billions of dollars in CDFI lending and are actively seeking CDFI partners. This paper summarizes how jurisdictions may partner with CDFI loan funds through their SSBCI programs and provides examples of transactions and promising models. More information about SSBCI funded capital programs can be found here.