


Small Business Administration Administrator Kelly Loeffler said Thursday that small businesses will lose approximately $200 million every week that the government shutdown continues.
“Main street’s growing, thriving, it’s investing and hiring, but that all comes to a stop thanks to the Schumer shutdown. That means about 300 small businesses every week will not get access to critical capital,” Loeffler said on Fox Business’s Mornings with Maria Bartiromo.
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“That’s about $200 million a week,” Loeffler added. “That’s about 30 veteran-owned small businesses.”
Loeffler’s comments come days after the SBA announced it provided nearly 85,000 loans for small businesses, shelling out a record $44.8 billion in capital this fiscal year. On average, the administration was guaranteeing 320 loans per workday.
On the SBA website, a red header warns small businesses about the shutdown, a similar tactic implemented by the Department of Housing and Urban Development.
“Senate Democrats voted to block a clean federal funding bill (H.R. 5371), leading to a government shutdown that is preventing the U.S. Small Business Administration (SBA) from serving America’s 36 million small businesses,” SBA’s website says.
“As a result of the shutdown, we wanted to notify you that many of our services supporting small businesses are currently unavailable. The agency is executing its Lapse Plan and as soon as the shutdown is over, we are prepared to immediately return to the record-breaking services we were providing under the leadership of the Trump Administration,” it continues.
Loeffler also took to X on Wednesday to blame the shutdown on the Democratic Party. Her post comes after a leaked HR template to SBA employees encouraged them to blame Democratic members in their automated email replies.
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“Democrats are fighting for illegal aliens. Republicans are fighting for Main Street,” Loeffler wrote on X.
So far, three votes to fund the government have failed to reach the 60-vote threshold. The next vote is scheduled for Friday, Oct. 3.