• Thu. Oct 28th, 2021

    Government Shutdown Affects Small Loan Business

    ByYorbing

    Dec 24, 2018
    Spread the love

    Small Businesses get loan at SBA? Give me a break.

    NPR December 24, 2018

    Small-business owners

    Small Business Administration guarantees to back loans will freeze for some business owners.

    “Due to the lapse of government funding, SBA will remain inactive until further notice. We apologize for any inconveniences and we look forward to assisting you when we return,” the agency posted on Facebook.

    “Without workers there to process 7(a) loan applications, which help startups obtain financing, small business owners are forced to find capital elsewhere or wait until Congress and President Trump reach a budget agreement,” USA Today reports.


    Spread the love

    Leave a Reply

    Your email address will not be published. Required fields are marked *