Small Business Majority and partner organizations in Georgia oppose legislation failing to require APR disclosures
On February 21, Small Business Majority, LISC Atlanta, New Town Macon, the Atlanta Wealth Building Initiative and Albany Community Together, Inc. submitted a letter to the Georgia House Committee on Banks and Banking in opposition to HB 84, legislation that would make Georgia small businesses vulnerable to non-transparent financing providers by failing to require all providers to disclose the annual percentage rate (APR) or estimated APR.