On March 27, Mike Horn submitted written testimony in support of SB-881 to the Maryland House Economic Matters Committee. This legislation would would force non-bank lenders to transparently disclose the true APR for small business loans, which is the only established metric that enables borrowers to make apples-to-apples comparisons between different financing products.
Maryland Small Business Owner Highlight
Having worked for a few big retailers after college, Mike Brey learned the business and wanted to do it well—professionalize the retail workforce with people who knew the product, were happy in their jobs and provided great customer service. He opened the first Hobby Works store in 1992, and has since grown the business to five locations in Maryland.
Maryland Events
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Maryland Policy
Browse our latest state-based regulatory comments and legislative testimony in this area below, or click the button to view all records.
Friday, March 27, 2026
Monday, March 2, 2026
On March 2, former Mike Horn testified in support of HB-1007. This legislation would force non-bank lenders to transparently disclose the true APR, which is the only established metric that enables borrowers to make apples-to-apples comparisons between different financing products.
Tuesday, February 20, 2024
Today, Small Business Majority's Public Policy Director Awesta Sarkash testified before the Maryland House of Delegates Economic Matters Committee in support of HB 574, which would enact critical protections for small business borrowers in Maryland that are falling prey to predatory lending practices.
Wednesday, February 15, 2023
On February 15, Small Business Majority's Public Policy Director Awesta Sarkash testified before the Maryland Senate Finance Committee on SB 0496, legislation that would enact critical protections for small business borrowers in Maryland that are falling prey to predatory lending practices.
