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And it’s in the middle of raising money for its next $100 billion-ish Vision. backed securities that underpin home loans.
Usda Rural Development Payment Center none – zero – of the 3,336 USDA Rural Development field office staff have been working. All were declared “non-essential” and are furloughed. So no loans or grants in any programs can move forward.
Significantly, agency provides government-backing that minimizes risk to approved lending partners in order to encourage the flow of capital to small businesses. Under the agency’s popular 7(a) loan.
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