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.
The policy, which goes into effect March 1, requires 100% of direct and indirect owners of loan applicants to be U.S. citizens or U.S. nationals residing stateside or within U.S. territories.
A new Small Business Administration policy taking effect March 1 will bar businesses with any legal permanent resident ownership from receiving SBA-backed loans, reversing longstanding eligibility rul ...
1don MSN
Green card holders won't get SBA loans in US from March 1: What this new rule means for Indians
The Small Business Administration announced that from March 1, they will not give loans to those businesses that are not ...
Green card holders will no longer be eligible for U.S. government-backed small business loans starting March 1. The U.S. Small Business Administration (SBA) is narrowing its citizenship and residency ...
Nearly 10% of SBA loan portfolios face immediate disqualification as new rules mandate 100% U.S. citizenship. Starting March ...
A franchise location, while tied to a national or regional brand, is still a small business. It is up to the franchisee to find the necessary capital to open and operate. When it comes to financing ...
Leasing commercial space can appear to be the cheaper and simpler option for business owners. However, once you identify your optimal location and operations are standardized and primed for growth, ...
The agency delivered nearly 5,000 small business loans through its 7(a) and 504 programs to industry borrowers in fiscal year ...
The largest SBA 504 loan recipients in Hawaii received or were approved for loans through the Small Business Administration's 504 program from Jan. 1 to Dec. 31, 2024. PBN's rankings included loan ...
This list ranks the largest SBA loan recipients in Maricopa and Pinal counties that received or were approved for loans through the Small Business Administration's 7(a) or 504 programs from March 31 ...
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