SBA and Government Shutdown

by a searcher from The University of North Carolina at Chapel Hill - Kenan-Flagler Business School

6 years ago

Has anyone gotten to the point in an SBA deal that the government shutdown has been a roadblock?  My understanding is that banks cannot get SBA loan numbers issued while the shutdown is in effect.  Any insight is much appreciated.

10 likes
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5 comments

searcher from University of California System

Thank you

6 years ago | like reply | 0 likes

searcher from Michigan State University

We were told what Duncan states by a major SBA lender this week. The backlog for a PLP will be internal, therefore limited in scope, unrelated to the SBA's overall backlog, and can be cleared purely electronically in short order. No closes during the shutdown, however. And God help you if you work with a non-PLP.

6 years ago | like reply | 0 likes

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