The SBA is
doing a good job of playing catch-up.
Small
Business Administration officials returned to work on Thursday October 17th
to find a backlog of several hundred loan-guarantee applications that were
filed during the 16-day government shutdown.
In just two
days, 929 SBA 7(a) loans were approved totaling $294,770,000.
This just
might be an example of Parkinson’s Law in reverse.
Parkinson's
law is the adage first articulated by Cyril Northcote Parkinson as part of the
first sentence of a humorous essay published in The Economist in 1955:
Work
expands so as to fill the time available for its completion.
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