Dear Lending Partners:
Recent developments on Capitol Hill have increased the likelihood of a short-term government shutdown. Here’s what you need to know:
Key Details:
- The federal government is currently operating under a continuing resolution (CR) through Friday, January 30, 2026.
- Senate Democratic leaders have indicated they will not support the current funding package, including Department of Homeland Security (DHS) funding, following a federal law enforcement incident in Minnesota. DHS funding covers ICE and CBP.
- Severe weather and procedural delays mean a vote may not happen until Thursday, leaving limited time to resolve issues. Even if the Senate reaches an agreement, the House must reconvene to vote.
Impact:
- SBA programs, including lending and support services, would be directly impacted if a shutdown occurs.
- While some funding bills have passed, approximately 75% of the federal government would remain unfunded beyond January 30, potentially impacting other federal operations.
- Any shutdown would likely be partial and short-term, but planning ahead is important to minimize disruption.
How GLCF Can Support You:
- We remain fully operational and ready to support you and your borrowers. GLCF will remain open, and will continue to submit applications or servicing request as usual. All requests will be processed as efficiently as possible.
- The February debenture sale will remain on schedule.
- We will continue providing timely updates as the situation evolves.
We also want to thank NADCO, our national association, for keeping us informed on these developments.
GLCF is committed to helping you navigate these uncertainties smoothly. Thank you for your partnership and trust.
Additional Questions – Please reach out to a Loan Officer:
