Texas SB1361 consolidates small business and micro-business disaster recovery loan programs into one fund.
Texas SB1361 amends the Government Code to consolidate the small business and micro-business disaster recovery loan programs into a single program. The bill establishes the small- and micro-business disaster recovery loan program, which provides zero-interest loans to community development financial institutions for interest-bearing loans to small and micro-businesses affected by disasters. The program aims to expand access to capital for these businesses to create jobs in the state.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
Analyze for Free
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.