Small-Business Lending Gets Back on Track After the Shutdown

'Through better procedures and electronic processing, we were able to reduce our loan processing times by half," Administrator McMahon says

Linda McMahon, administrator of the Small Business Administration, at her office in Washington on Jan. 4, 2018. Samira Bouaou/The Epoch Times

WASHINGTON—Linda McMahon, administrator of the Small Business Administration, recently recounted her agency’s efforts to deal with the partial government shutdown and natural disasters.

The recent partial shutdown had limited impact on government-backed loans. In the first two weeks following the shutdown, the U.S. Small Business Administration (SBA) caught up on almost all loan applications, McMahon said.