This afternoon the President signed the appropriations package that would fund full-year FY2026 appropriations to five of the funding bills, including the bill that provides SBA funding and authorization, and a short-term Continuing Resolution for the Department of Homeland Security.  Following the President’s signature, the government officially reopened.

As a reminder, the full-year funding bill includes:

  • $35.5 billion authorization for the 7(a) Loan Program – that’s a slight bump up from the $35 billion authorization the program has seen for the last several years. NAGGL was successful in working with Congress to ensure there is adequate authorization to accommodate 7(a) volume in FY26.
  • $15 billion authorization cap for the Secondary Market Guarantee Program, which should be sufficient to accommodate expected FY26 pooled sales—another issue NAGGL’s advocacy efforts focus on every year.

Given the short duration of the shutdown, we do not anticipate any issues with a backlog of loans submitted for approval or other SBA functions. But, if lenders have any questions about individual cases, please reach out to [email protected].