
PR BANK presents SSBCI & AMERICAN RESCUE PLAN ACT
APPLY FOR $2M - $20M
Private commitments to make deposits at community lenders on pace to reach $3 billion by 2025, and Treasury Department announced that more than 40% of loans and investments supported by the American Rescue Plan’s State Small Business Credit Initiative (SSBCI) in 2022 and 2023 supported minority owned businesses.