Economic development: Capital Access Loan Program.
Currently, the ADA program defines a small business as one with less than $1,000,000 in total gross annual income. SB815 proposes to increase this threshold to $5,000,000, thereby allowing a larger pool of businesses to qualify for the funding necessary to make modifications consistent with ADA regulations. The bill aims to facilitate compliance updates that will enhance access for disabled individuals in small business facilities, which is ultimately envisioned to contribute to a more inclusive economic environment.
SB815, introduced by the Committee on Business, Professions and Economic Development, aims to amend Section 44559.13 of the Health and Safety Code to expand the California Americans with Disabilities Act Small Business Capital Access Loan Program. The primary intent of the bill is to assist small businesses in complying with the federal Americans with Disabilities Act (ADA) by broadening the eligibility criteria for businesses seeking financial assistance under the program. This change signifies an effort to better support small businesses, particularly those facing difficulties in meeting ADA compliance standards.
Notably, there may be concerns regarding this expansion, including fears that broader eligibility could deplete available funds or dilute the program's effectiveness in addressing the needs of smaller businesses. The urgency of the bill is emphasized by its classification as an urgency statute necessary for preserving public peace, health, or safety, indicating a recognition of the pressing need for immediate action to assist struggling small businesses navigate ADA compliance challenges.