Government shutdown 'will hurt' small businesses: SBA Administrator

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A looming government shutdown could not only affect government workers or national parks- it could impact small businesses in the U.S. Small Business Administration Administrator Isabella Casillas Guzman joins Yahoo Finance Live to breakdown the “devastating impact” of a shutdown on small businesses.

Funding will be a major concern for small businesses due to loss of access to government-backed loans, which may lead some to pursue high-interest private loans. Referencing the pandemic and the heavy blow it dealt to many small businesses, Guzman expresses concern for those that are “starting to see the light,” but now have to worry about how a shutdown could send them back into debt or other forms of stagnancy.

Referring to small business and the role they play in the U.S., Guzman insists "they are the job creators," so stability is high priority.

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