Establishes a Small and Local Business Credit Enhancement Program to provide rent guarantees and credit enhancement services to qualifying businesses.
The Small and Local Business Credit Enhancement Amendment Act of 2025 amends the Small, Local, and Disadvantaged Business Enterprise Development and Assistance Act of 2005. It establishes a Small and Local Business Credit Enhancement Program within the Department of Small and Local Business Development. This program provides rent guarantees and other credit enhancement services to qualifying businesses. To qualify, businesses must be listed on a Small and Local Business Underwriting Registry.
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