TULSA - The government shutdown may not affect most people, at least in the short run, but it's definitely bad for business, and it may already touch more people than one might think at first.
Sean Kouplen, President and CEO of Regent Bank in Tulsa, tells KRMG he's already seen the impact after just one day.
"It's real, live day-to-day impact on people that's kind of out of sight, out of mind for many of us, but for a lot people and for a lot of small businesses, it's a real impact," Kouplen said.
"As an example, I have aerospace companies who do business with the government, I have staffing companies who do business with the government. I mean, they're just not gonna get paid."
He says he has a lot of small business clients who have pending applications for loans with the Small Business Administration who now have to sit and wait for the impasse in the nation's capital to end.
"I've got a very good friend who is approved for a loan to buy a company in west Tulsa, and he can't fund his loan until the SBA gives him final approval, and...we don't know when that's going to be."
Asked if he blames one side or the other, he said he points the finger at both sides in the budget debate.
"I know there are extreme supporters of both sides who probably think this is a good thing, but I do not. I believe that they should figure out a way to compromise, to make the country run."
He added, "this is definitely bad for business. It's impacting small business owners, who both parties say are so important to the platform. It certainly doesn't look like they're that important right now."