Small Business Majority joins the Responsible Business Lending Coalition in opposition of Kansas' Commercial Financing Disclosure Act in its current form
Date:
Tuesday, January 23, 2024
On January 23, Small Business Majority Public Policy Director Awesta Sarkash sent a letter on behalf of the Responible Business Lending Coalition to Kansas Senate Committee on Financial Institutions and Insurance Chair Jeff Longbine in opposition to SB345 as introduced. The Commerical Financing Disclosure Law fails to include annual percent rate (APR) requirements which would provide small business owners with the transparency they need to make informed decisions about financing products.