Headaches Loom for SBA Borrowers in Shutdown's Second Week

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Small Business Administration officials worked late into the night on Sept. 30, processing loan applications before most of the agency’s functions were halted by the government shutdown. Those efforts helped keep government-backed loans flowing, says Tony Wilkinson, chief executive officer for the National Association of Government Guaranteed Lenders, a trade group specializing in the SBA’s popular 7(a) loan program. “I’m just now beginning to get the calls saying, ‘How long is this going to last?’” he says.

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