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Government shutdown could impact Tulsa business hopefuls

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Reported by: Janna Clark
Updated: 9/30/2013 5:24 pm Published: 9/30/2013 4:56 pm

The threat of a government shutdown would affect people who are trying to start small businesses.

If the federal government shuts down, so does the Small Business Association, and that means you can't get a small business loan.

Ten years ago Monday, economic expert Jake Dollarhide opened his financial investment firm, Longbow Asset Management, with a small business loan.

"Small businesses are the pulse of our nation's economy," said Dollarhide.

He said overall more people are employed by small businesses than large corporations and if there's a government shutdown people wanting to start a small business with a small business loan will have to wait.

"If the government is shut down for a few days they'll be a bigger backlog than normal," he said.

Dollarhide said if there's a government shutdown he thinks it will be short, a few days or a week, which he said wouldn't make much of an impact. If it's much longer it could.

"Without small business having a chance to succeed and grow, our economy would suffer greatly," he said.

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