AN ACT relating to small business.

HB 708 expands Kentucky's small business loan program by authorizing the Kentucky Economic Development Finance Authority to provide up to $100,000 in loans for eligible small businesses. It directly affects small businesses in manufacturing, agribusiness, or service/technology sectors that commit to creating at least one new full-time job. Key provisions include flexible loan terms (allowing more lenient requirements than standard commercial loans), exclusion of primarily retail businesses, and funding for business expenses like expansion or working capital. The bill aims to improve access to capital for small businesses that struggle to secure traditional financing.