The U.S. Treasury has updated guidance for a $10 billion state-administered small business credit program in an effort to help struggling small businesses, particularly in underserved communities.

The State Small Business Credit Initiative was established in 2010 and reauthorized and re-funded by coronavirus relief legislation passed in March.

The program gives a combined $10 billion to states, the District of Columbia, territories, and Tribal governments.

It includes $2.5 billion for states to support businesses owned by those who are socially and economically disadvantaged.

There is also $500 million to support very small businesses with fewer than 10 employees. More than $600 million is allocated to tribes, which were consulted when designing the policy.

To apply, state and tribal governments must explain the economic benefits of their programs, such as how they will create sustainable, well-paying jobs and promote economic growth.

“For too long, those in underserved communities have not had equal access to capital and the opportunity to pursue their visions,” said Deputy Secretary of the Treasury Wally Adeyemo in a statement. He said the pandemic has deepened the divide.

“The SSBCI program seeks to change that by providing capital for investments in small businesses across the country, creating jobs and giving small business owners in all communities a chance to compete and thrive,” he said.