Small Business Administration Tightens SBA Loan Eligibility: Green Card Holders Left Out
The Small Business Administration (SBA) has implemented a significant change to its lending policies, effectively barring green card holders from accessing its loan programs. Starting March 1, 2026, the SBA will no longer allow green card holders to apply for loans under its primary lending initiatives. This policy change has far-reaching implications for small businesses and entrepreneurs who rely on SBA loans to start or expand their ventures. Under the new rule, 100% of a business's direct and indirect ownership must be held by U.S. citizens or nationals to qualify for government-backed...
