SB248 establishes the Veteran-owned Business Loan Guarantee Program, which allocates $5 million from the Second Stage Loan Program within the CFA for use in the Veteran-Owned Business Loan Guarantee Program.
The Pennsylvania State Senate passed SB238 on May 8, 2023 by a vote of 50 to 0. We have assigned pluses to the nays because government should not subsidize, issue taxpayer funded loans, and interfere with private enterprise. This expands the size of government, and subsidies make businesses more reliant on government assistance. When the government meddles in areas it shouldn’t, individuals and businesses lose more control and freedom, especially when they end up owing money back to government.