A881 — Requires EDA to provide loans through small business loan program at lower interest rates, with more flexible repayment terms if issued to small businesses owned or controlled by certain veterans, and prohibit certain fees.

A881 — Requires EDA to provide loans through small business loan program at lower interest rates, with more flexible repayment terms if issued to small businesses owned or controlled by certain veterans, and prohibit certain fees. · Informed CitizenryAssembly Bill 881 directs the Economic Development Authority (EDA) to revise its small business loan program to better support veteran-owned and operated businesses. The core changes require the ED…Open in Informed Citizenry