Small Business Loan Guarantee Fund; created. (HB2213)

Introduced By

Del. Chris Head (R-Roanoke)

Progress

Introduced
Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law

Description

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. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/15/2015Committee
01/15/2015Presented and ordered printed 15100612D
01/15/2015Referred to Committee on General Laws
01/20/2015Assigned GL sub: Subcommittee #4
01/22/2015Subcommittee recommends laying on the table
02/10/2015Left in General Laws