State Small Business Credit Initiative Insider Guidance

The Department of Treasury (Treasury) prohibits funding provided through the State Small Business Credit Initiative (SSBCI) program to be invested in or loaned into a company in which an SSBCI Insider (as defined below) has a personal financial interest. Certain MTC investments are funded through the SSBCI program and, therefore, MTC requires applicants to certify whether the applicant has knowledge of an SSBCI Insider’s investment in, or relationship to, the applicant.

An SSBCI Insider having personal financial interests in an applicant organization will not negatively impact an applicant organizations eligibility to be considered for or awarded economic assistance that may be provided by MTC under a program other than SSBCI. MTC administers an alternative pool of capital to provide economic assistance to the state’s most promising early-stage businesses where SSBCI Insiders have a personal financial interest. In all cases, MTC’s Conflict of Interest Policy applies to all potential relationships between applicants and MTC affiliates.

SSBCI Insiders include any individuals that have direct oversight over the MTC’s SSBCI-funded programs. These individuals include members of MTC’s Board of Directors, MTC staff members and their family members and business partners. Treasury applies the following definitions for such terms: ... (see full text for details)

Please email [Jack Scatizzi](mailto:jack.scatizzi@missouritechnology.com) for questions or concerns.