Partnership with ABA and SBDC enhances access to capital for small businesses

The Assembly Committee on Economic Development, Growth, and Household Impact convened on July 11, 2025, to discuss key partnerships aimed at enhancing access to capital for small businesses in California. The meeting highlighted the collaboration between the committee, the American Bankers Association (ABA), and the Small Business Development Center (SBDC).

During the session, committee members emphasized the significance of these partnerships in expanding opportunities for small businesses to secure funding. One member expressed enthusiasm about the collaboration, noting that it facilitates access to a broader range of lenders, which is crucial for providing the necessary capital to support small enterprises.

The discussions underscored the committee's commitment to fostering economic growth through strategic alliances that empower local businesses. The meeting concluded with a reaffirmation of the importance of these partnerships in driving economic development and supporting the financial needs of small businesses across the state. Further actions and follow-up initiatives were anticipated to build on this momentum.