A good rule of thumb in shutdowns applies: if the government writes checks, it’s closed; if the government cashes checks, it’s open. The Small Business Administration (
#SBA) furloughed about a quarter of its staff. Approvals for new 7(a) and 504 loans—its bread-and-butter programs—are suspended. That means small businesses can’t get government-backed financing to buy property, purchase equipment, or expand operations.
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