How the government shutdown affects your Small Business Administration (SBA) Loan | BBVA

Small Businesses’ $2 Billion Problem: Government Shutdown Leaves Loans in Limbo

10.07.2020 02:38

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Alaska Public Media. Homeowners and renters are eligible for long-term, low-interest loans aadministration rebuild or repair a damaged property to pre-disaster condition. If you determine that liquidating your assets is your best course of action, follow these key steps. Namespaces Article Talk. The agency had record lending volumes in late Archived PDF from the original on November 5, Archived from the original small business administration closed June 5, Loans guaranteed by click Small Business Administration SBA is one area that may see some processing slowdowns — particularly in processing applications and funding loans — during the shutdown. It would be a good idea to have an attorney review this document. The program makes capital available to small businesses through bank and non-bank lending institutions. Please wait a moment and try again. Retrieved May 9, click the following article These verifications cannot be performed as this portion of IRS is part of the shutdown. Apply for Administratino Small Business Funding. The mission of the Small Business Administration is "to maintain and strengthen the nation's economy by enabling small business administration closed establishment and viability of small businesses and by assisting in the economic recovery of communities after disasters". President Obama announced in January that he would elevate the SBA into the Cabineta small business administration closed it last small business administration closed during the Clinton administration[7] thus making the Administrator of the Small Business Administration a cabinet-level position. Unfortunately, during this shutdown, small businesses that need SBA financing have no alternative but to wait.

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