October 2019
Commercial Lending
The SBA Will Remain Open … At Least for Now

The Small Business Administration (SBA) will remain open through Nov. 21, 2019, under a continuing resolution bill signed recently by the president.  Beyond then is still up in the air.

Until full-year appropriations are passed, the continuing resolution will keep SBA funding consistent with 2019 levelsThe continuing resolution provides lawmakers with more time to negotiate on appropriations bills to fund the government for fiscal year 2020 or to settle on a single omnibus funding measure or a combination of vehicles — including possibly another continuing resolution to avoid another complete or partial government shutdown.

Until full-year appropriations are passed, the continuing resolution will keep SBA funding consistent with 2019 levels.

For more information about SBA 504 loans in Alabama, Florida or South Georgia, contact a Florida First Capital Loan Officer or email us at info@FloridaFirst.com.  Phone: 850.681.3601 or toll-free at 800.504.LOAN.