Sen. Shaheen warns of economic impact of shutdown
As the Senate met in a rare Sunday session to tackle the shutdown of some federal installations and services caused by the failure of Congress to authorize a new spending bill, Shaheen addressed her colleagues about the impact of the shutdown on New Hampshire's economy.
She also noted another New Hampshire company, Nanocomp Technologies, Inc. of Merrimack, a small innovation-based companies that relies on receiving payment on its Defense Department contracts to sustain its growth.
"According to the Granite State Development Corp., which is one of the largest SBA lenders in New Hampshire, about 20 loans have been put on hold because of this shutdown," Shaheen said. "We've also heard from some of our community banks which provide for SBA loans that those loans are being held up as well."
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