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Military spouses head to the Hill, push for removal of barriers to small businesses to boost retention
The proposal would waive loan fees, cut equity requirements and require the Small Business Administration to track military spouse participation in lending.
A group of over 50 military spouse-owned small businesses headed to Capitol Hill on Thursday to advocate for a recognition act, aimed at removing barriers for businesses like theirs and improving national security through increased retention rates for service members.The Military Spouse Small Business Recognition Act was influenced by the high unemployment rate for military spouses and the rate of spouses that are self-employed small business ow…