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Committee notes raising Pitch Competition loan caps to $250,000
Summary
The committee discussed a Governance Committee recommendation to raise the maximum loan amount to $250,000 for the Microburst Loan, Microenterprise Loan and GAIN Loan as part of the 2026 Pitch Competition; the change was noted and forwarded as a recommendation.
During a brief discussion at the March 3, 2026 meeting, the Loan Review Committee considered a Governance Committee recommendation to change the maximum loan amount for several Pitch Competition products. The proposal would set a $250,000 cap for the Microburst Loan, Microenterprise Loan and GAIN Loan.
The minutes indicate the change was discussed and noted as a recommendation from governance; no formal vote or mover/second was recorded in the committee minutes. The committee then moved on to other business and adjourned at 12:19 PM.
