Government Shutdown and Your Small Business- 5 Things You Need to Know

  1. There are several functions of the U.S. Small Business Administration that will be affected by the recent government shutdown. Click here for SBA’s Plan for Operating in the Event of Lapse of Appropriations packet.  Business functions such as applications for business loans guaranteed by the U.S. Small Business Administration (SBA) will be halted until the agency returns to its normal operations. The agency will, however, still administer disaster loans for businesses, such as those affected by droughts or Hurricane Sandy.  Existing loan guarantees will remain in effect.  For a complete listing of loans you can and can’t get, please click here.
  2. Contractors can find a listing of the contingency plans of the Federal agencies with which they do business on the White House’s websiteThis includes agencies such as the General Services Administration (GSA), Department of Defense (DoD) and the SBA. You can find a list of full and partial agency shutdowns here.
  3.  Many Federal call centers and help desks will be closed at this time, but some will remain open. The Federal Service Desk – a call center designed to respond to questions regarding your System for Award Management (SAM) registration will remain open.  Additionally, SAM will remain operational; registrations can be updated, managed and processed throughout this time.
  4. Several Federal government websites will not be updated until funds are appropriated to their respective agencies.  Others, however, will currently remain operational, for example, Federal Business Opportunities (FedBizOpps), the Defense Logistics Agency (DLA), Security and Exchange Commission (SEC).
  5. Procurement Technical Assistance Centers (PTAC) and Small Business Development Centers (SBDC) like the PTAC/SBDC at the Women’s Business Development Center are here to provide information as it becomes available regarding how your business may be affected.  Please do not hesitate to contact your local PTAC or SBDC.  If your business is located in Illinois, please click here to schedule an appointment with our PTAC/SBDC at the Women’s Business Development Center.  If your business is located outside of Illinois please click here to find a PTAC in your area or here to locate an SBDC in your area.
Kristin Travis Pic

Kristin Travis

 

by: Kristin Travis, IL PTAC Associate

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Filed under Business, Procurement, SBA, Small Business, Uncategorized, WBDC News

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