WaPo: Furlough of SBA affects over $200M in loans for small and medium businesses every day

Updated at 10:30 p.m.

PROVIDENCE – The partial federal shutdown has paused approvals of new U.S. Small Business Administration-backed loans, the Washington Post reported Friday. The Post said that the SBA processes roughly 200 loans for working capital and 120 loans per day for commercial properties through its 7(a) and 504 Programs, accounting for roughly $200 million in loans…

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