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2015 SESSION

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HB 2213 Small Business Loan Guarantee Fund; created.

Introduced by: Christopher T. Head | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Virginia Small Business Financing Authority; Small Business Loan Guarantee Fund. Creates the Small Business Loan Guarantee Fund to provide loan loss reserves, interest rate write downs, and loan guarantees for up to 90 percent of the principal amount of any commercial loan or line of credit made by a community bank. The bill provides that such guarantees shall not exceed $200 million or a term of five years.

FULL TEXT

• 01/15/15  House: Presented and ordered printed 15100612D  pdf

HISTORY

• 01/15/15  House: Presented and ordered printed 15100612D
• 01/15/15  House: Referred to Committee on General Laws
• 01/20/15  House: Assigned GL sub: Subcommittee #4
• 01/22/15  House: Subcommittee recommends laying on the table by voice vote
• 02/10/15  House: Left in General Laws