MD SB788 | 2021 | Regular Session

Status

Spectrum: Moderate Partisan Bill (Democrat 5-1)
Status: Introduced on February 9 2021 - 25% progression
Action: 2021-02-10 - Hearing 3/16 at 1:00 p.m. (Finance)
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]

Summary

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.

Tracking Information

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Title

Economic Development – Small Business Financing – Loan Loss Reserve (Maryland Capital Access Program)

Sponsors


History

DateChamberAction
2021-02-10SenateHearing 3/16 at 1:00 p.m. (Finance)
2021-02-09SenateFirst Reading Finance and Budget and Taxation

Same As/Similar To

HB829 (Crossfiled) 2021-04-12 - Returned Passed

Subjects


Code Citations

ChapterArticleSectionCitation TypeStatute Text
Economic Development51701(n/a)See Bill Text
Economic Development51702(n/a)See Bill Text
Economic Development51703(n/a)See Bill Text
Economic Development51704(n/a)See Bill Text
Economic Development51705(n/a)See Bill Text
Economic Development51706(n/a)See Bill Text
Economic Development51707(n/a)See Bill Text
Economic Development51708(n/a)See Bill Text

Maryland State Sources


Bill Comments 750

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