Small Business Majority network member testifies to protect small businesses from abusive commercial financing practices

Small Business Majority network member Paloma Corona, owner of Little Sprouts Language Immersion Preschool in Los Angeles testified before California State Assembly Committee on Banking and Finance to share her experience with predatory loans and ask the Committee to support AB 2116, which proposes to expand the California Consumer Financial Protection Law (CCFPL) to protect small businesses from abusive commercial financing practices.