- September 30, 2021
- Posted by: Stratford Team
- Category: Business
The government could shut down in a little over 30 hours unless politicians can agree on a funding measure before the end of the day Thursday.
The Senate could vote on a spending bill as soon as Wednesday to avoid a shutdown, while the House works to schedule a vote to raise the debt ceiling.
If funding isn’t approved in time, a government shutdown could begin as early as Friday, similar to what happened in 2019, 2018 and 2013.
That means federal agencies, including the U.S. Small Business Administration, would close their doors or significantly reduce operations, and SBA loans waiting for approval would be further delayed.
This would be bad timing considering the SBA has already been under fire for its slow allocation of emergency COVID funding to small business owners. Part of the delay is because the loans require verification from the Internal Revenue Service, which would also be part of a government shutdown.
Each day counts for business owners who…