Bill > AB306

This bill, known as the One-Stop Capital Shop Act, would require the Office of Small Business Advocate (the office) within the Governor's Office of Business and Economic Development (GO-Biz) to serve as the lead state government entity for helping California small businesses become "finance-ready" for state programs utilizing federal State Small Business Credit Initiative funds. The bill would require the office to launch the One-Stop Capital Shop, an online platform to assist small businesses in accessing safe funding opportunities and reduce barriers to affordable capital, by July 1, 2024. The platform would include features such as a small business loan marketplace, connections to technical and financial assistance providers, a credit-ready assessment tool, and educational materials on small business financing. The bill aims to increase coordination and transparency in the small business funding ecosystem, particularly for underrepresented and underserved small business owners.

Budget and Finance, Labor and Employment

https://leginfo.legislature.ca.gov/faces/billStatusClient.xhtml?bill_id=202320240AB306