Responsible Small Biz Lending; Federal FY2022 Funding

In This Must Know…

Responsible Small Biz Lending

Yesterday, Assembly Member Cottie Petrie-Norris introduced AB 2314 – Responsible Small Business Lending. The bill would require any commercial financing products that leverage state funding—such as loan guarantee programs—to include several financing rights and protections for borrowers.

CAMEO and many of our colleagues have led in California’s responsible lending efforts with the passage of SB 1235 in 2018 and we support this bill. Please join us by submitting a letter of support for AB 2314.

CAMEO’s FY2022 Funding

President Biden signed the Consolidated Appropriations Act of 2022 this past Tuesday. The bill contains all 12 FY2022 appropriations bills that will fund the government for the rest of the fiscal year.

For FY2022 (which began in October 1, 2021), most of our programs saw an increase from last year. See funding for the SBA, USDA and CDFI Fund in our CAMEO FY2022 Funding Update. Expect NOFAs to come out soon.

CAMEO Policy Brief

Join us and Small Business Majority this Friday, March 18, 2022 at 11:00 am PT as we discuss state and federal policy updates that impact small business owners in California, as well as new laws that went into effect as of January 1, 2022.

The Goodies

New Resources & Funding Opportunity

CAMEO Member Kudos

  • California Capital FDC launches new Sacramento Valley SBDC.
  • Congratulations to JEDI, IRC, Opening Doors, PCR SBDC, Prospera, Public Counsel and WEV, who received a grant from the California Commission on the Status of Women and Girls Fund for Women’s Pandemic Recovery Response.

Industry News

Other Goodies

  • Join CBA for Blueprints for Building Credit on June 22-24, 2022.
  • Jobs: ICA, Start Small Think Big, Renaissance Entrepreneurship Center, Working Solutions, SBDC, and Centro Community Partners announced new jobs recently. See who else is hiring!