Economic Development – Small Business Financing – Loan Loss Reserve (Maryland Capital Access Program)
What this bill does
Establishing a Capital Access Program in the Department of Commerce for the purpose of stimulating opportunities for small businesses that may have difficulty in obtaining business financing to have access to credit by establishing a loan loss reserve program; specifying that certain loans qualify under the Program; requiring a lender to enroll a qualifying loan not more than 30 days after the date of the first disbursement; authorizing a lender to enroll all or a portion of a qualifying loan in an amount not more than $250,000; etc.
Analysis reads the bill text, the fiscal note, and the witness list. It is generated by Claude and reviewed by nobody, so check the source documents before you rely on it.
Testimony (12)
MGA witness list| Position | Witness | Organization | Testimony |
|---|---|---|---|
| FAV | Fry, Donald | Greater Baltimore Committee | Written (PDF) |
| FAV | Lehman, Mindy | Maryland Bankers Assocation | Oral + Written (PDF) |
| FAV | Plante, Cecilia | Maryland Legislative Coalition | Position only |
| FAV | Price, Sarahlobbyist | Maryland Retailers Association | Written (PDF) |
| FAV | Bardack, Paul | Maryland Small Business Development Center | Written (PDF) |
| FAV | Swanson, Tricia | Montgomery County Chamber of Commerce | Written (PDF) |
| FAV | Weaver, Eric | Opportunity Fund | Oral |
| FAV | Kopp, Nancy | State Treasurer's Office | Written (PDF) |
| FAV | Murray, Rorylobbyist | Individual | Oral + Written (PDF) |
| FAV | Senator Hester, Senator Hesterlegislator | Individual | Oral |
| INFO | Schulz, Kelly | Maryland Department Of Commerce | Written (PDF) |
| INFO | Wilkins, Barbara | Individual | Written (PDF) |