Test Drive Our New Site! We have some improvements in the works that we're excited for you to experience. Click here to try our new, faster, mobile friendly beta site. We will be maintaining our current version of the site thru the end of 2024, so you can switch back as our improvements continue.
Legislation Quick Search
07/20/2024 03:11 PM
Pennsylvania State Senate
Home / Senate Co-Sponsorship Memoranda

Senate Co-Sponsorship Memoranda

Subscribe to PaLegis Notifications

Subscribe to receive notifications of new Co-Sponsorship Memos circulated

By Member | By Date | Keyword Search

Senate of Pennsylvania
Session of 2017 - 2018 Regular Session


Posted: January 17, 2017 12:16 PM
From: Senator John T. Yudichak
To: All Senate members
Subject: Reintroduction of Legislation – Establishing a Veteran-owned Business Loan Guarantee Program

I will soon reintroduce legislation (SB 378) to create a loan guarantee program aimed at veteran-owned small businesses.

The legislation would establish the “Veteran-owned Business Loan Guarantee Program,” which would provide loan guarantees to commercial lending institutions that make loans to veteran-owned businesses. The program is modeled after the Second Stage Loan Program and would authorize the Commonwealth Financing Authority to guarantee up to 50% of the outstanding principal amount of the loan. However, such a guarantee would be limited to $250,000 for any one loan.

I hope you will join me in supporting this important measure. Should you have any questions, please contact my office at 717-787-7105.

Previous co-sponsors of the bill include: Baker, Blake, Brewster, Browne, Costa, Farnese, Fontana, Greenleaf, Hughes, Mensch, Rafferty, Schwank, Tartaglione and Vogel

Introduced as SB395