Faced with more immediate funding needs, state officials haven’t asked for more money for rehabilitation programs, such as STRIVE, next budget cycle.
Republicans have been critical of past efforts to recoup small-business assistance dollars. Newly proposed legislation takes aim at that funding.
Every loan application requires borrowers to provide a substantial amount of information about the business and its owners.
Legislators are expected to take up a $360 million proposal that would change the landscape of financial aid in the state.