Mountain West Small Business Finance president John D. Evans released a statement regarding the continuing resolution:
A continuing resolution to re-open the government has been passed, which will provide appropriations through February 15, 2019. With the enactment of this resolution, the lapse in appropriations has ended and furloughed federal employees will return to work on their next regularly scheduled workday.
In anticipation of the government re-opening, Mountain West Small Business Finance has been accepting loan applications, structuring projects, and underwriting and approving loans internally to mitigate any loss in production. We will begin to submit pending projects this week to the SBA for final approval. Please be mindful that the SBA is likely to be bombarded with loan submissions in the next few weeks, which will result in slow turnaround times on their end. We will do our best to move these requests along as quickly as possible.
We are thankful to all of our associates—both borrowers and lending institutions— for their patience and understanding as we work through this process. Additionally, I would like to thank our MWSBF team members who have worked diligently through the shutdown, always keeping our customers at the forefront of their minds, which will enable us to hit the ground running as the SBA offices resume full service this week.
We know the uncertainty regarding this shutdown has been frustrating. But, we are hopeful that our leaders in government will put people first and find a long-term solution to keeping the government open.
In the meantime, we will continue to do everything we can in our sphere of influence during and beyond the transition. Of course, if you have any specific questions about the status of a specific loan, please contact your loan officer directly.
Thank you again,
John D. Evans