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SBA is Back to Business

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SBA is Back to Business

By Jeanne Hulit, Former Acting SBA Administrator
Published: October 17, 2013 Updated: October 17, 2013

The federal government has re-opened and that means the U.S. Small Business Administration (SBA) can get back to helping America’s 28 million small businesses do what they do best: create jobs and help grow our economy.

As the President said, the shutdown had real consequences for America’s families, communities, and small businesses.  During the shutdown, I heard stories from small business owners about contracts cancelled or put on hold, workers they had to furlough, and the potential for shift and staff reductions.  For small businesses, the shutdown also meant that SBA loan applications could not be approved and small businesses could not receive help exporting their goods to others countries. Many small businesses are still struggling with how to take care of their employees as they see projects postponed.

While some things may take a little time to get back up and running, our Agency is committed to helping small businesses continue to be the economic engine of this economy and are working hard to resume normal operation of our programs: 

  • SBA’s Office of Capital Access is once again getting capital into the hands of small business owners across the country, including resuming processing for roughly $140 million in  loans to the approximately 700 small businesses that applied for 7(a) loans during the shutdown.
  • Our 68 district offices have re-opened and are ready to provide their full services.
  • Due to their funding schedules, many of SBA’s resource partners were able to continue operations during the shutdown and beginning today our entire resource partner network of over 14,000 counselors and business coaches is now able to resume operations. 
  • Our Office of Government Contracting and Business Development has resumed processing 8(a) business development and HUBZone applications and ensuring that small businesses get their fair share of the roughly $400 Billion in federal contract spending. 
  • And SBA is back to work helping small businesses export through banker export training programs and the State Trade and Export Promotion (STEP) Program.

This is just a snapshot of the critical work that the SBA does in conjunction with our other federal, state and local partners to help small businesses start and grow across the country. We know that small businesses are the engine of our economy, and the SBA team is excited to get back to work serving America’s entrepreneurs.







About the Author:

Jeanne Hulit

Former Acting SBA Administrator

Jeanne Hulit is the Acting Administrator of the U.S. Small Business Administration. The SBA helps both Main Street and high-growth small businesses get access to capital, counseling, federal contracts, disaster assistance and more.


Amid the great outpouring of support for furloughed federal employees, many Americans seem to have missed the comparable — and arguably more devastating — impact that the government shutdown had on many small businesses. Last Tuesday (the day before Congress finally voted to re-open the federal government) the Senate Committee on Small Business and Entrepreneurship held a hearing titled “Small Businesses Speak: Surviving the Government Shutdown?” Chairwoman Mary L. Landrieu (D-La.), her fellow committee members, and witnesses speaking on behalf of small business voiced all the concerns that Ms. Hulit touches upon here in her blog. In addition, they stressed: -how the furloughed workforce temporarily stopped patronizing many small businesses -how businesses who rely on seasonal income were particularly devastated (e.g., the tourism industry associated with national parks) -how a large part of the forgone revenue is now unrecoverable -how private-sector employees will not receive back pay like their public-sector counterparts -how businesses were already struggling to recover from both the recession and the sequester well before the addition of this new “manufactured crisis” Yet what most concerned these advocates of small business was not so much the immediate effect of a short-term shutdown as the lasting impact of our country’s current economic uncertainty, which persists even now that the federal government is back to work. Over the course of the past month, polarized and unproductive debates, a government shutdown, and a near default on our national debt demonstrated to the world that America is not a safe bet. Last week’s stopgap solution merely postponed our budget and debt problems for a few months. It offers us no real assurance that we won’t be reliving this month’s “manufactured crisis” at the start of the new year. As a result, many of the people who drive our economic growth — from investors and entrepreneurs to consumers and contractors — will be discouraged from spending, lending, or working in the U.S. until our leaders establish more stable economic conditions. Charles Withee, President of The Provident Bank, testified from a lender’s perspective: “Investors and bankers make decisions on certainty and predictability. . . . I’m very concerned about this temporary fix because that confidence is going to go away.” While Congress may have ended the government shutdown, it did little to address the larger problem of a political environment plagued by uncertainty. Ultimately, our federal officials' inability to agree on sound fiscal policy continues to stifle economic growth and investment, particularly among small businesses.
Good to know that we are over with the Govt.shutdown. which has somewhat ruined the outlook of American economy.Hope with new reforms & policies, things may start looking better.
Glad it's over. Hoping that this drama won't happen again.

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