SB 5167-S - DIGEST |
(DIGEST OF PROPOSED 1ST SUBSTITUTE) |
Increases the amount of funds that the state treasurer may use for qualifying loans that are made to a veteran-owned business. |
Requires a line of credit issued under the linked deposit program that has a zero balance for twelve or more months to be removed from the program. |
Directs the office of minority and women's business enterprises to adopt rules to prioritize loans that ensure that when making a qualified loan under the linked deposit program priority is given to loans that: (1) Create jobs in underserved communities that have inadequate access to capital; and |
(2) Are for applicants that do not currently have loans with other small business lending agencies. |