Funding Small Businesses During Government Shutdown
This act aims to ensure continuous funding for Small Business Administration (SBA) loan programs during a government shutdown. This means small businesses relying on these loans can continue to receive financial support, helping them weather difficult periods and maintain jobs. Citizens operating small businesses can expect stability in accessing capital, even amidst public administration disruptions.
Key points
Provides funds for salaries and administrative expenses of SBA loan programs during a government shutdown.
Allocates billions of dollars to continue servicing loans for small businesses, including development loans and investment company loans.
Small businesses will have assurance that their loan applications and existing loan servicing will not be halted due to government funding lapses.
Status:
Introduced
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