Are SSBICs automatically eligible for New Markets Tax Credits?
By law, SSBICs are presumed to be CDEs. CDEs automatically are eligible to apply for the New Markets Tax Credits. However, all CDEs must go through a competitive application process to receive an allocation from Treasury of those tax credits. Disclaimer: Please note that this document is not an official policy statement about the NMVC program. SBA continues to develop its policies and procedures for the NMVC program. Accordingly, these FAQs are subject to change and are not binding on any SBA decision.
