HB 505
AN ACT relating to the Veteran-Owned Small Business and Entrepreneur Loan Program.
In Plain Language
This bill creates a new loan program for veterans who want to start or grow small businesses. The state would provide loans of up to $50,000 to qualified veterans through a new fund managed by the Office of Entrepreneurship.
Official summary
Create a new section of Subchapter 12 of KRS Chapter 154 to create the Veteran-Owned Small Business and Entrepreneur Loan Program to be administered by the Office of Entrepreneurship; establish requirements and program details; create the Veteran-Owned Small Business and Entrepreneur Loan Program fund from which the office provides loans to qualified veterans of not more than $50,000.
Sponsor
—
Cosponsors
None listed
Latest action
to Veterans, Military Affairs, & Public Protection (H)
Feb 21, 2025
Official source
Action history
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