SBA Restricts Small Business Loan Access To U.S. Citizens Only
The U.S. Small Business Administration (SBA) has implemented a new rule that restricts eligibility for SBA-backed loans to businesses fully owned by U.S. citizens or nationals, excluding legal permanent residents such as green card holders who were previously eligible. This policy change could limit access to capital for immigrant entrepreneurs and affect small business growth in states with large immigrant populations.
Topics: immigration policy SBA regulations small business loans