Government Shutdown Impacts Economy
The government shutdown is affecting the economy, with various businesses feeling the pinch.
"The shutdown is stifling our ability to grow,"
said Grant Richardson, founder of Pangea Selections, a wine import company. Richardson is facing issues with a Small Business Administration loan and tariffs.
- Unable to close on a six-figure Small Business Administration loan
- Still paying roughly $20,000 in tariffs
- Waiting for $10,000 in business tax credits
- Cannot launch a new product line due to unapproved labels
"The government is still taking money from us, but it's not paying out what it owes,"
Richardson said, highlighting the shutdown's impact on lending and tax credit processing.
Author's summary: Shutdown affects economy and businesses.