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.

WCP, created to complement SBA’s 7(a) and 504 loan offerings, supports both asset-based and transaction-based financing ...

The Small Business Administration is cutting off lending to any business with any amount of non-citizen ownership, excluding more than 5 million business owners from federal loans.

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

The Small Administration said in a policy note that green card holders won’t be allowed to apply for SBA loans, effective March 1. The move is the latest by ...

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.

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 ...

America's Small Business Administration (SBA) has revised a previously announced policy related non-US citizens' ownership.

The Small Business Administration announced that from March 1, they will not give loans to those businesses that are not owned by US citizens. Businesses owned by legal permanent residents, Green Card ...

From March 1, businesses with any green card holder ownership will lose access to SBA-backed loans, reversing long-standing ...

Today, the U.S. Small Business Administration (SBA) announced a major milestone for its 7(a) Working Capital Pilot (WCP) Program, which has delivered more than $150 million in new lending since its ...