Economic Development - Small Business Guaranty Fund - Alterations
Sponsor: Antonio Hayes (District 40)Committee: FinanceSubject: Economic DevelopmentStatus: Approved by the Governor - Chapter 4 (as of Dec 1, 2025)
What this bill does
Official synopsis
Authorizing the Maryland Small Business Development Financing Authority to authorize the provision of a guaranty under the Small Business Guaranty Fund in the form of an irrevocable letter of credit, an official treasurer's check, funds on deposit in an escrow or other depository account, or any other legal instrument promising a financial institution restitution or reimbursement for its loan losses, within the limits of the guaranty.
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Testimony (0)
MGA witness listFAV 6Favorable
| Position | Witness | Organization | Testimony |
|---|---|---|---|
| FAV | Smoot, Timothy | MMG Capital Group | Written (PDF) |
| FAV | Hayes, Antonio | Individual | Written (PDF) |
| FAV | Hayes, Antonio | Individual | Written (PDF) |
| FAV | Senator Hayes, Senator Hayeslegislator | Individual | Oral |
| FAV | Senator Hayes, Senator Hayeslegislator | Individual | Oral |
| FAV | of Maryland, Legislative Black Caucus | Individual | Written (PDF) |
Organizations on record
MMG Capital GroupFAV 1