The federal government shut down on December 22, 2018, forcing a range of government offices to cease or reduce their operations. The shutdown has now lasted over a month and is the longest in U.S. history. Whether or not it ends soon, your small businesses might be suffering its impact.
There are several ways the shutdown might be hurting you. Your CPA can assist with these and help in other ways as you navigate, then recover, from the shutdown.
You rely on the Small Business Administration (SBA) for loans and other services.
Did you plan to cover operating expenses with an SBA loan? Were you hoping one could fuel new initiatives this year? For now, you have to look for money elsewhere. Even if you don’t have a loan stuck in processing because of the shutdown, it could take the SBA months to address its backlog as soon as the agency reopens.
Read more from this blog post: http://bit.ly/2I0aoqO
