Hearing: Shutdown Lessons: SBA Capital Access Programs

Subcommittee on Investigations, Oversight, and Regulations (Committee on Small Business)

Tuesday, February 26, 2019 (10:00 AM)

2360 RHOB
Washington, D.C.
During the 35-day partial government shutdown, numerous federal agencies were closed and their operations suspended indefinitely. For the Small Business Administration (SBA), this included a freeze on processing all outstanding loan guaranty applications, meaning that any loans submitted to SBA pre-shutdown could not be finalized. Moreover, the shutdown also prevented SBA-partnered lenders from making any new SBA-backed loans. The purpose of this hearing is for Members to hear firsthand how the recent shutdown impacted the operations of SBA’s Office of Capital Access and what challenges the Office is facing as it works to process the backlog of loans.

Witnesses

Mr. William M. Manger
Associate Administrator, United States Small Business Administration, Office of Capital Access

First Published: February 19, 2019 at 10:32 AM