WBD is optimistic about the news from Washington that the current federal government shutdown will soon be reaching an end. During this time, WBD’s team remains hard at work processing new and existing SBA 504 loan applications. Loans will be prepared for submission to the SBA so that applications can be advanced for approval immediately once the shutdown ends.
When the shutdown does end and SBA staff resume operations, WBD anticipates a backlog of loan applications that will be processed on a first-in/first-out basis. We know your borrowers are anxious to receive funding approval to move their projects forward.
As your 504-lending partner, we are monitoring the government shutdown and want to address any questions you have about our current operations. If you have a time sensitive closing deadline that will be impacted, please contact your WBD Loan Officer to discuss options you may have to still close and maintain SBA 504 eligibility.
You may also refer to the loan guidelines provided on SBA.gov.
