New York State Capital Access Program (SSBCI)New York State Capital Access Program (SSBCI)

Maximum loan

$500,000; no minimum

esd.ny.gov

Maximum maturity

7 years

esd.ny.gov

Borrower and lender reserve payment

3% to 7% of principal combined; the borrower may pay no more than 50% of it

esd.ny.gov

ESD match

1:1, for a total reserve of 6% to 14% of principal

esd.ny.gov

Loss coverage

The reserve can reimburse up to 100% of a loss on an enrolled loan, up to the reserve account balance

home.treasury.gov

Loan types

Term loans or lines of credit; the entire loan must be enrolled, not a portion

esd.ny.gov

Rates and fees

Set by the lender and borrower

esd.ny.gov

SSBCI allocation

$6.4 million

esd.ny.gov

• Small business with its primary location in New York State and 100 or fewer employees.esd.ny.gov
• The business must meet at least 2 of 6 criteria: in operation less than five years; no bank financing in the prior three years (CDFI or alternative lender financing is allowed); primary owner FICO score below 700; unable to provide collateral above 10% of the loan amount; SEDI owner status (including minority or women-owned, service-disabled veteran-owned, or veteran-owned in an economically distressed area); or located in an economically distressed community.esd.ny.gov
• Eligible uses are expansion, facility or technology upgrades, start-up costs and working capital.esd.ny.gov
• The program targets SEDI-owned businesses and very small businesses (fewer than 10 employees, including independent contractors and sole proprietors).esd.ny.gov

• Eligible lenders are banks, trust companies, savings institutions and community-based lenders (including CDFIs, SBA lenders, certified development companies and credit unions) with an office in New York State. ESD recruits state or federally chartered banks, credit unions and Treasury-certified CDFIs.esd.ny.gov
• The lender must sign a Capital Access Program Portfolio Insurance Agreement with ESD before enrolling any loans.esd.ny.gov
• ESD runs due diligence aligned with federal SSBCI guidelines: banks provide a UBPR showing commercial loans and leases are a significant asset, a UBPR peer analysis showing non-current loans at or below the peer average, and a self-certification of no supervisory enforcement action; credit unions provide NCUA Financial Performance Reports and the same self-certification; CDFIs provide an annual report with audited financial statements (and a CARS rating if available).esd.ny.gov
• Applicants prepare three years of financial statements, current loan portfolio, aging report and loan loss reserves, small business loan products (including any planned CAP enrollment fees), service areas, underwriting policies, and seven-year projections of loan volume and targeted SEDI groups.esd.ny.gov
• Under federal SSBCI rules the lender gives the state assurances that the supported loan is not made to move the lender's prior uncovered debt into the program, is not a refinancing of the lender's or an affiliate's own earlier loan (except as the refinancing rules allow), and that no principal of the lender has been convicted of a sex offense against a minor.home.treasury.gov
• Under federal SSBCI rules the lender must obtain an assurance from the borrower that no principal of the borrowing business has been convicted of a sex offense against a minor.home.treasury.gov

• The lender runs its own application process and makes the credit decision; ESD does not underwrite the loan.esd.ny.gov
• The lender carries the risk of any loss beyond the balance of its reserve account; at the 7% maximum payment the reserve holds 14% of each loan.home.treasury.gov
• Under federal SSBCI rules, refinancing debt originally made by an unaffiliated lender is allowed only if the new amount is at least 150 percent of the previous outstanding balance, the fee-adjusted APR falls by 30 percent, and proceeds do not fund an extraordinary dividend or distribution.home.treasury.gov

• Program pageTreasury SSBCI Capital Program Summaries: New YorkVersion Program information updated March 2026home.treasury.gov
• GuideSSBCI Capital Program Policy Guidelines (U.S. Treasury)Version November 2021home.treasury.gov
• GuideSSBCI Frequently Asked Questions (U.S. Treasury)Version Updated November 10, 2026home.treasury.gov

• Nov 10, 2026Guide

  Treasury publishes SSBCI post-program FAQs

  Treasury's authority to run the SSBCI Capital Program ends on March 11, 2028. SSBCI money already sent to a state stays with the state after that date, and from then on a state may end a program, add one, change its scope or move funds between programs without Treasury approval. States may submit material modification requests to Treasury until September 30, 2027.

  What to do: Expect the state to be free to change or close this program after March 11, 2028. Confirm the current terms with the program office before relying on them for loans that will be enrolled or claimed after that date.

  Read the source
• Oct 30, 2025Guide

  Treasury sets the final SSBCI disbursement deadlines

  Treasury cannot transfer SSBCI Capital Program funds to states after March 11, 2028, and states must submit final disbursement requests by December 31, 2027. Treasury expects to terminate a state's second and third tranches if, within three years of its allocation agreement, the state has not used at least 80 percent of its first tranche and asked for the next disbursement.

  What to do: Program capacity beyond the tranches the state has already received depends on the state meeting these deadlines. Check with the program office that funds are available before committing a borrower to an SSBCI-supported structure.

  Read the source

Email ESD's Capital Access Program at nyscap@esd.ny.gov to apply as a participating lender. ESD reviews the institution's financial documents and lending plans, then the lender signs the Portfolio Insurance Agreement and can start enrolling loans. Borrowers apply through an enrolled lender; ESD publishes the current list of enrolled lenders.

• ESD Capital Access Program (nyscap@esd.ny.gov)
• How to become a participating lender
• Enrolled CAP lenders