Government Shutdown Affects Small Loan Business

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.

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