On February 23, 2026, significant changes in Missouri business law were announced with the passing of new legislation that will have a direct impact on small businesses across the state. The Missouri State Legislature approved the Small Business Protection Act, aimed at providing additional support and resources for small business owners facing financial challenges.One of the key provisions of the Small Business Protection Act is the establishment of a Small Business Assistance Fund, which will provide low-interest loans to struggling small businesses to help them weather financial difficulties. The fund will be administered by the Missouri Department of Economic Development and will prioritize businesses owned by women, minorities, and veterans.In addition to financial support, the Small Business Protection Act also includes measures to streamline regulatory processes and reduce red tape for small businesses. This includes simplifying licensing requirements, expediting the permitting process, and providing more flexibility for small businesses to adapt to changing market conditions.Another important aspect of the new legislation is the creation of the Small Business Legal Aid Program, which will provide pro bono legal services to small businesses facing legal challenges. This program aims to level the playing field for small businesses that may not have the resources to engage costly legal assistance.The passing of the Small Business Protection Act has been met with positive reactions from small business owners across Missouri. Mark Johnson, a small business owner in St. Louis, expressed his support for the new legislation, stating that "the assistance fund and legal aid program will be a game-changer for small businesses like mine that have been struggling to stay afloat."Overall, the Small Business Protection Act represents a significant step forward in supporting small businesses in Missouri and ensuring their continued success. With these new resources and support systems in place, small businesses in the state will be better equipped to overcome challenges and thrive in an ever-changing economic landscape.