The Government Shutdown and Your Small Business
The impact of the partial government shutdown has far-reaching effects that many are just realizing. In addition to lack of paychecks for federal workers, did you know your small business might be affected?
If you are a milspouse with your own business, know that the Small Business Association (SBA) cannot respond during the shutdown, meaning many small business won’t have access to small business loans to tide them over.
If you fall into this category, make sure to ask your bank about alternative options, including small business development centers, women’s business centers, veteran’s business centers, minority development centers and so forth. Even after business is resumed “as usual”, it could take months to recover.
Know your options!