*By Christian Smith*
As the partial federal government shutdown enters enters its 27th day, American businesses are beginning to feel the strain.
For Fat Brands Inc. ($FAT) ー which owns a number of fast food brands Fatburger, among them ー the consequences of the shutdown are slowly trickling up to corporate, but president and CEO Andy Wiederhorn said franchisees are thus far bearing the brunt of the shutdown.
"I think it's really much harder on the franchise operators because they're trying to build stores they've already started to build, or they've got a lease signed up and now they need their loan to get going for construction," Wiederhorn said Wednesday in an interview with Cheddar.
With the Small Business Administration closed, small businesses are unable to access SBA-backed loans. The SBA usually manages over 300 loans each day, which [The Washington Post](https://www.washingtonpost.com/business/2019/01/11/congresswoman-calls-trump-restart-small-business-lending-level-anxiety-is-unprecedented/?utm_term=.f50572777f74) reported amounts to roughly $200 million worth of loans for small and midsize businesses.
Small business owners in need of capital during the shutdown must turn to other sources of funding, such as non-SBA-backed loans, which generally come with higher interest rates.
But Wiederhorn noted that every sector of business ー even the major players ー is experiencing negative side effects.
"It's affecting everybody, not just small business, but large business," he said. "It's really very difficult."
For full interview [click here](https://cheddar.com/videos/fat-brands-inc-ceo-explains-how-the-government-shutdown-is-impacting-americas-small-businesses).
We'll be taking our feelings about this deeply divisive election to work with us. An expert weighs in on how to keep up company morale and coworker relationships when disagreements arise.
Voters in Arizona and New Jersey added their states to the list of places legalizing marijuana for adults. And Oregon became the first state to decriminalize possession of small amounts of hard drugs.
In Kentucky, Senate Majority Leader Mitch McConnell fended off Democrat Amy McGrath, a former fighter pilot in a costly campaign, but he acknowledged his GOP colleagues face tougher races.
In Georgia, Republican Sen. Kelly Loeffler and Democrat Raphael Warnock have advanced to a Jan. 5 runoff in the special election for Loeffler’s Senate seat.
Democrat Sarah McBride has won a state Senate race in Delaware and would become the first openly transgender state senator in the country when sworn in.
Republican Marjorie Taylor Greene, who expressed racist views and support for QAnon conspiracy theories in a series of online videos, has won a U.S. House seat representing northwest Georgia.
With the coronavirus now surging anew, voters ranked the pandemic and the economy as top concerns in the race between President Donald Trump and Democratic rival Joe Biden, according to AP VoteCast, a national survey of the electorate.
As it has for more than 170 years, The Associated Press will count the vote and report the results on Nov. 3 and beyond.
Voters in the U.S. are nearing the end of a fraught U.S. election season. They're casting the last of what will likely be a record-setting number of ballots.
Voters across the U.S. received anonymous robocalls in the lead up to Election Day urging them to “stay safe and stay home” - an ominous warning that election officials say could be an effort to scare voters.
Load More