According to PayNet data, 7 out of 10 small businesses that apply through the SBA credit market could safely gain access to credit through conventional lending programs. Government loans during the shutdown: The media has focused on the economic impact of unpaid government employees during the current US government shutdown. But the impact on small businesses that tap SBA loans could dwarf that. PayNet, a data consortium that analyzes the credit quality of 25 million mainstreet businesses, believes there is $20 billion of business credit at risk during the political standoff. Given a multiplier effect, this would result in approximately $50 billion of impact to US GDP. According to Bill Phelan, co-founder and president, some banks anticipated the government shutdown in December. These lenders pre-committed capital for 30 to 45 days to take advantage of SBA guarantees. That would mean their inventory is running low. "SBA guarantees makes the system run, like the grease in the gears," said Phelan. "Those gears are shutting down. The tank is empty." The fix: No one knows how long SBA lending will be stifled. When PayNet looked at the data, the company found that 72 percent of businesses that borrow using SBA loans would qualify for conventional loans. Phelan cites three beneficiaries that can pick up the slack in SBA lending: equipment financing companies, traditional banks, and fintech lenders. He estimates the banking system's capacity to lend at $1 trillion, the equipment financing industry at $1 trillion and fintech lenders at $20 billion -- more than enough to supply credit to SBA borrowers. "The loans may not be the same size and they might be at different terms, but mainstreet businesses should be able to piece together credit through various conventional programs," he said.