Small Business Majority joins the Responsible Business Lending Coalition in opposition of Missouri's Commercial Financing Disclosure Act in its current form

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 Missouri Senate Committee on Insurance and Banking Chair Sandy Crawford in opposition of SB753 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.