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Committee advances $50 million emergency bridge-loan program for small businesses
Summary
Senate File 195 would create a $50 million revolving account to make 0% emergency bridge loans to small businesses during declared natural disasters; the Appropriations Committee advanced the bill after a roll-call vote.
The Appropriations Committee advanced Senate File 195, a proposal to create a small-business emergency bridge-loan program funded with a $50 million allocation to a revolving account that would provide 0% loans to businesses affected by declared natural disasters.
President Beitman, who introduced the measure, said the program grew out of on-the-ground experience during recent fires and is designed to…
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