WHITE HOUSE RESCINDS FEDERAL FUNDING FREEZE—SBA LENDING UNAFFECTED
On Monday, the White House Office of Management and Budget (OMB) issued a memorandum pausing federal financial assistance, sparking immediate concerns across the lending industry. (CNN) With government-backed loan programs like SBA 7(a) lending playing a critical role for small businesses, many feared that access to essential financing could be delayed.
Over the past few days, lenders and borrowers alike watched closely, uncertain how the freeze might impact loan approvals and funding timelines. But today, in a swift course correction, the White House has officially rescinded the freeze, bringing immediate relief to the lending community. According to the National Association of Government Guaranteed Lenders (NAGGL), the SBA’s E-Tran system never stopped accepting and approving 7(a) loan applications, meaning no real disruption occurred—just a lot of understandable worry.
At Tenet Financial Group, we know how critical access to funding is for small business owners. With this latest update, we want to reassure you that SBA lending remains fully operational, and we are here to guide you through every step of the funding process. As a trusted partner in small business financing, we are committed to providing the expertise and support you need to secure the capital necessary for your business to thrive.
In addition to SBA loans, alternative funding solutions like 401(k)/IRA Rollover for Business Startups (ROBS) can provide a debt-free way to fund your business without taking on loan payments or interest. If you’d like to explore your options, our team is ready to help.
Now, more than ever, you can count on Tenet Financial Group to be your source for small business funding.
info@tenetfinancialgroup.com