Commonwealth Economic Development Authority

The Marianas SSBCI Technical Assistance Office is now open to help CNMI businesses grow, scale up, and expand 🚀🌱

With $18 million available for local businesses, our team can guide you through the SSBCI Program and help you understand the support you qualify for 💼✨

Free for eligible small businesses
✔️ No cost
✔️ No obligation
✔️ No minimum requirements

Walk in or book an appointment
📞 (670) 488 1233 / 1235
📍 CEDA Building, Room 106, Beach Road, San Jose across from The Shack

Technical Assistance Team
💬 Celena Kalp – [email protected]
💬 Dexter I. Brennan – [email protected]

Funded by the US Treasury SSBCI Program.
Administered by the Commonwealth Economic Development Authority (CEDA).

Commonwealth Economic Development Authority Propelling our beautiful islands forward through economic development. Through the CDA, gaige guine i oputunidat-mu or simply your opportunity is here.

𝗬𝗼𝘂𝗿 𝗲𝗻𝘁𝗿𝗲𝗽𝗿𝗲𝗻𝗲𝘂𝗿𝗶𝗮𝗹 𝗼𝗽𝗽𝗼𝗿𝘁𝘂𝗻𝗶𝘁𝗶𝗲𝘀 𝗵𝗮𝘃𝗲 𝗷𝘂𝘀𝘁 𝗲𝘅𝗽𝗮𝗻𝗱𝗲𝗱!

Access funding to launch or expand your business through the Marianas State Small Business Credit Initiative (SSBCI) 2.0 Program, a bank-driven program that provides financial assistance to entrepreneurs by offering loan guarantees, loan purchase participation, and cash collateral support to businesses that may face challenges securing conventional loans.

For more information or to get started on your business loan application, visit the nearest Bank of Guam branch on Saipan, Tinian, or Rota. The online application on the Bank of Guam website will also be made available soon.

The State Small Business Credit Initiative 2.0 (SSBCI) helps small businesses access funding through:

•⁠ ⁠Loan Guarantees

•⁠ ⁠Loan Purchase Participation

•⁠ ⁠Cash Collateral Support

For more information, visit developcnmi.com/ssbci or contact the Commonwealth Economic Development Authority (CEDA) for assistance.

Commonwealth Economic Development Authority Propelling our beautiful islands forward through economic development. Through the CDA, gaige guine i oputunidat-mu or simply your opportunity is here.

🚀 𝗟𝗮𝘂𝗻𝗰𝗵 or 𝗘𝘅𝗽𝗮𝗻𝗱 Your Business!

The Commonwealth Economic Development Authority (CEDA) has unlocked $18M through the State Small Business Credit Initiative 2.0’s first tranche to support small businesses across the CNMI.

ℹ️ 𝐇𝐨𝐰 𝐝𝐨𝐞𝐬 𝐢𝐭 𝐰𝐨𝐫𝐤?
Marianas SSBCI 2.0 provides critical financial assistance by offering 𝙇𝙤𝙖𝙣 𝙂𝙪𝙖𝙧𝙖𝙣𝙩𝙚𝙚𝙨, 𝙇𝙤𝙖𝙣 𝙋𝙪𝙧𝙘𝙝𝙖𝙨𝙚 𝙋𝙖𝙧𝙩𝙞𝙘𝙞𝙥𝙖𝙩𝙞𝙤𝙣, 𝙖𝙣𝙙 𝘾𝙖𝙨𝙝 𝘾𝙤𝙡𝙡𝙖𝙩𝙚𝙧𝙖𝙡 𝙎𝙪𝙥𝙥𝙤𝙧𝙩 to businesses that may face challenges securing conventional loans. These programs help reduce the risks for banks and allow your business to get the financial backing it needs.

🖋️ 𝐑𝐞𝐚𝐝𝐲 𝐭𝐨 𝐀𝐩𝐩𝐥𝐲? 𝐇𝐞𝐫𝐞❜𝐬 𝐡𝐨𝐰 𝐢𝐧 𝟓 𝐞𝐚𝐬𝐲 𝐬𝐭𝐞𝐩𝐬!

❶ 𝘾𝙤𝙣𝙩𝙖𝙘𝙩 𝙖 𝙋𝙖𝙧𝙩𝙞𝙘𝙞𝙥𝙖𝙩𝙞𝙣𝙜 𝘽𝙖𝙣𝙠
Begin by reaching out to a participating bank, such as Bank of Guam branches on Saipan, Tinian, or Rota. Visit bankofguam.com to locate a branch and start your business loan application.

❷ 𝙋𝙧𝙚𝙥𝙖𝙧𝙚 𝙔𝙤𝙪𝙧 𝘿𝙤𝙘𝙪𝙢𝙚𝙣𝙩𝙖𝙩𝙞𝙤𝙣
Work closely with your bank to gather and submit all required documents for your loan application.

❸ 𝘽𝙖𝙣𝙠 𝙍𝙚𝙫𝙞𝙚𝙬
Your bank will review your application for eligibility and forward it to CEDA for further evaluation.

❹ 𝘾𝙀𝘿𝘼 𝙍𝙚𝙫𝙞𝙚𝙬
CEDA will assess your loan for compliance with SSBCI 2.0 guidelines and then forward it to the Independent Loan Review Committee (ILRC) for their review and concurrence.

❺ 𝙇𝙤𝙖𝙣 𝘼𝙥𝙥𝙧𝙤𝙫𝙖𝙡 𝙖𝙣𝙙 𝘾𝙡𝙤𝙨𝙞𝙣𝙜
If approved, CEDA SSBCI 2.0 will provide financial backing for your loan. The bank will then finalize and close the loan with you so you can access your funds.

𝐅𝐨𝐫 𝐈𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧 𝐚𝐧𝐝 𝐀𝐬𝐬𝐢𝐬𝐭𝐚𝐧𝐜𝐞
Contact the Commonwealth Economic Development Authority:
Saipan: (670) 234-6245
Tinian: (670) 433-9203
Rota: (670 532-9408
Or visit developcnmi.com

Seize the Opportunity: Acquire and Expand Your Business Today.