What a Government Shutdown Means for Real Estate: SBA Impact

How does a government shutdown affect housing and mortgage programs? This week, we’re focusing on the Small Business Administration (SBA). During the shutdown, the SBA will pause new loan processing and routine approvals, including the CDC 504 and 7(a) Loan Programs. However, it will continue closing previously approved CDC 504 loans, perform limited loan servicing and liquidation, and issue Disaster Loans if needed. The Office of Advocacy will temporarily cease operations. Stay informed with our ongoing series on key agencies and programs. For full details, read NAR’s Shutdown Memo.