Shutdown Stories: The Small Business Administration

Our Shutdown Stories series, which began as a series of public Facebook posts, is focused on providing factual, evidenced based information about the effects of shutting down particular Federal Government agencies. We are moving it here to our corporate blog, in an effort to increase readability and make it easier to share these complex issues. Please feel free to share on the platform of your choosing, with attribution to The War Room Group. 

The Small Business Administration

(Originally Published on Facebook 12/23/2018) 

Good Morning, it’s shutdown day two. I am going to start doing quick profiles of the unfunded agencies each morning, so we can all see what we are missing. Join me won’t you. 

This morning lets head to the empty halls of the Small Business Administration (SBA). Once bustling with it’s 3,293 employees who carry out the mission for the relatively paltry budget of $710 Million per year. 

Founded in 1953, the SBA reaches citizens through their 900 Small Business Development centers, 110 Women’s Business Centers, and 350 SCORE chapters, Their HQ is, of course, in DC. 

They are run by Administrator Linda MacMahon, of wrestling fame, who’s deputy administrator office is currently vacant. 

Did you know that in addition to providing loans and loan guarantees to businesses, providing educational resources to entrepreneurs, overseeing the Federal small business set aside program, running the 8(a) business development program for minority business owners, administering the HUBZone program to incentive business to move into (AND HIRE FROM) Historically Underutilized Business Zones, and assisting veterans and woman to start businesses…The SBA also provides low interest disaster recovery loans to businesses of all sizes, non-profits, homeowners, and renters? 

While we are shutdown these things don’t happen. Meaning, people waiting for loans to rebuild their homes and businesses will still be waiting. 

Small Businesses waiting for loans to grow, still waiting. 

New small businesses waiting to be certified in a specific set-aside or join the 8(a) business development program still waiting. 

When we shut down the SBA we shut down a valuable resource for minorities, women, and veterans starting or growing businesses, for business owners providing jobs in areas where jobs are scarce (HUBZones), and for survivors of natural disasters, trying to rebuild their lives and communities. This is a small part of what is being sacrificed for steel slats with points on top.

 

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