The co-owners were set to open a third location, but the government shutdown in Washington, D.C., is holding up their small business loan. The chairwoman of the House Committee on Small Business is calling on President Trump to restart small-business lending as the government shutdown is about to become the longest ever. “The level of anxiety is unprecedented,” said Nydia M. Velázquez (D-N.Y.), chairwoman of the House Committee on Small Business. She urged Trump to “definitely reopen” SBA loan programs and said “the agency has to take proactive measures.”[‘This is ridiculous’: Small-business owners can’t get loans as shutdown enters Day 20.] The SBA guarantees loans, which enable small businesses such as the Penny Ice Creamery to borrow money at affordable interest rates.

Source: Washington Post January 11, 2019 16:36 UTC