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Assembly enacts bill encouraging small business loans (access required)

Small businesses may find it easier to obtain bank loans under legislation passed by the General Assembly. The Lend Local Act, which was filed in the House of Delegates and state Senate, was amended to create a linked deposit program for small businesses in the Department of Housing and Community Development, putting up to $50 million ...

One comment

  1. No matter how good your business plan is, unless your MADE of MONEY, even with this silly “Small Business” bill will make NO difference in funding whatsoever. Just goes to show you how out of touch these representatives really are. To effect a real loan, you have to come up with 20 to 30 percent down and closing costs for the loan! GOOD LUCK with that hope and change nonsense