Here’s where things stand with funding for SBA loans, federal contracts, and other programs. This has already been a confusing week for any business that receives loans or funding from the federal government.

Federal agencies have been instructed to assess their financial aid programs to determine which ones might be impacted.

The Trump administration reversed its policy to freeze grants and loans while officials evaluated whether spending met the president's priorities.

The Trump administration has paused federal grants and loans to review agency programs and determine the best uses of funding for programs consistent with the law and Trump's priorities, Reuters reported. Agencies are required to identify legally mandated actions or assistance programs before completing an analysis.

The initial White House order on Monday to freeze federal grants sparked confusion throughout Washington and nationwide.

The start of President Donald Trump's second term has been marked by a flurry of executive orders and challenges to his policies in courts. A federal judge ordered a temporary halt on a White House plan to pause funding for all federal grants and loans.

A federal judge appointed by former President Joe Biden paused the Trump administration's temporary federal funding freeze just as it was set to go into effect.

The Monday evening memo from Trump's White House Office of Management and Budget sparked uncertainty over a crucial financial lifeline for states, schools and organizations that rely on trillions of dollars from Washington.