Revolving Loan for Businesses Owned by Women, Veterans, Minorities
BISMARCK – The North Dakota State House defeated a bill Thursday that would provide revolving loan funds to businesses owned by women, minorities, and veterans.
House Bill 1420 proposed that the Bank of North Dakota may provide a revolving loan fund to small businesses owned by women, veterans, or minorities.
Those in opposition cited other programs to help those businesses, and supporters of the bill said the bill provides a different type of help to those businesses.
A video of the discussion can be found here. The bill failed by a vote of 73 to 20.
