Governor signs bill leveraging state funds for small business loans
Governor signs bill leveraging state funds for small business loans Up to $60 million from the state’s coffers will be leveraged into small business loans under legislation signed into law Thursday by Gov. Laura Kelly, something advocates have deemed essential to help the state’s economy recover from COVID-19. The bipartisan push to create the Economic Recovery Loan Deposit Program would make the idle funds available to financial institutions, which would in turn offer below-market rates to businesses, farmers and ranchers who need the funds. The bank or credit union, rather than the st...
Source: cjonline.com