HB1341
Virginia Small Business Emergency Bridge Loan Fund; created.
Summary
As Introduced. Small Business Financing Authority (Authority); Virginia Small Business Emergency Bridge Loan Fund created.
Creates the Virginia Small Business Emergency Bridge Loan Fund (the Fund) to provide short-term direct loans to eligible small businesses impacted by a disaster for which a state of emergency has been declared. The bill provides that the Fund shall be managed and administered by the Authority with guidance from ... (More) the Director of the Department of Small Business and Supplier Diversity and that loans provided from the Fund shall be (i) for a minimum amount of $1,000 up to a maximum amount of $5,000, (ii) provided interest-free, and (iii) repaid by the end of the loan term, which term shall be set by the Authority for a minimum of 90 days but not to exceed 180 days. (Less)-
Bill History
- 01/11/2018 - House: Presented and ordered printed 18102773D
- 01/11/2018 - House: Referred to Committee on General Laws
- 01/19/2018 - House: Assigned GL sub: Subcommittee #4
- 01/23/2018 - House: Subcommittee recommends reporting (8-Y 0-N)
- 01/25/2018 - House: Reported from General Laws (22-Y 0-N)
- 01/25/2018 - House: Referred to Committee on Appropriations
- 01/29/2018 - House: Assigned App. sub: Commerce, Agriculture, Natural Resources & Technology
- 01/29/2018 - House: Impact statement from DPB (HB1341)
- 02/07/2018 - House: Subcommittee recommends continuing to 2019
- 02/13/2018 - House: Left in Appropriations
