Business

SBA says it’s back in business after shutdown stall

Federal News Network: A 35-day partial government shutdown presented different challenges for federal agencies but at least one seems to be back in business. The Small Business Administration (SBA) is operating at pre-shutdown levels despite losing 20 full lending days during the appropriations laps in December and January.

“As a result of process improvements put in place by Administrator Linda McMahon, our ability to get back to business was greatly enhanced,” William Manger, associate administrator of SBA’s Office of Capital Access, told the House Small Business Subcommittee on Investigations, Oversight and Regulations on Tuesday. “For example, by the end of 2018 we had cut in half the time it takes to process and approve loan applications. These developments played a key role in dealing with the volume of applications once our systems were again open.”

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