November 2019
Commercial Lending
The SBA Will Remain Open through Late December under New CR Bill

The Small Business Administration (SBA) will remain open through Dec. 20 thanks to another continuing resolution bill recently signed by the president, staving off a government shutdown that would have begun at midnight on Nov. 21.

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 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 an additional continuing resolution to avoid another complete or partial government shutdown.

Until full-year appropriations are passed, the continuing resolutions 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.