The Government Shutdown's Economic Impact
The government shutdown is affecting the economy, with various businesses feeling the strain.
"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.
- Can't close on a six-figure Small Business Administration loan
- Still owes roughly $20,000 in tariffs
- Waiting to receive $10,000 in business tax credits
- Can't 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 government functions like lending and tax credit processing.
Author's summary: Shutdown hurts businesses financially.
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