Regional SBA ‘exceeding' Goals in Clearing Loan Backlog Created by Shutdown

Quickly approving and processing loans has been the Small Business Administration’s mission since government workers returned to their jobs after a 34-day pause. The Dallas-Fort Worth District Office says it's “meeting and exceeding” those goals.In Texas, the SBA processed 237 loans totaling $143 million as of Wednesday. In Dallas, agency workers approved 94 loans for about $59 million.“Dallas is clearly moving money into the hands of small business entrepreneurs that are in need of it,” SBA Regional Administrator Justin Crossie said.If Congress is unable to reach an agreement to fund the government beyond Feb. 15, the current backlog could begin to grow again. Crossie and other SBA administrators hope that doesn't happen.  Continue reading...