SBA says legal permanent residents will be ineligible for its loan program, effective March 1

The Small Business Administration said in a policy note that green card holders won’t be allowed to apply for SBA loans, ...

SBA cuts off non-US citizens from primary loan program

The move would bar small businesses with any amount of ownership from green card holders from applying for the agency’s most popular small business loan program.

SBA shuts out non-U.S. citizens from its main lending program

Starting March 1, the SBA will no longer guarantee loans for small businesses owned by foreign nationals, including green card holders.
The Business Journals

SBA's flagship small-business lending program is in the red. Here's how it could hit businesses.

A combination of reduced loan fees, rising delinquencies and backlogged loan buybacks are plaguing the popular program. The Small Business Administration’s flagship 7(a) loan program lost hundreds of ...
The Business Journals

SBA's flagship small-business lending program is in the red. Here's how it could hit businesses.

The Small Business Administration’s recent financial performance has made it a prime target for Republican lawmakers as well as former Sen. Kelly Loeffler, the agency's administrator-nominee. The ...