The shutdown has ended, yet some small businesses still struggle to move on

News

David R. Pommerehn

dpommerehn@consumerbankers.com
February 2, 2019

The Consumer Bankers Association pegged the tally of outstanding loans at about 300 for each day of the shutdown, or about $2 billion in lending, according to a letter it sent to President Donald Trump and Congressional leaders Jan. 22. "Small business is going to be the first place you're going to see the impact of the shutdown, because a lot of these loans stop as soon as the shutdown occurs," said David Pommerehn, associate general counsel and senior vice president at the Consumer Bankers Association.