US EditionSBA Expands Its Ban on Noncitizen Lending
- The Small Business Administration will ban foreign nationals and noncitizens from accessing all SBA-backed small business loans, including Surety Bond and Microloan programs, effective 30 days after publication.
- This policy expansion follows a March 1 change that made small businesses partly or wholly owned by foreign nationals ineligible for SBA’s 504 and 7 loan programs.
- SBA Administrator Kelly Loeffler emphasized prioritizing American citizens and U.S. nationals for SBA financing to support economic growth and job creation in the U.S.
- During Fiscal Year 2025, the SBA approved approximately 3,358 loans to small businesses partly owned by lawful permanent residents, representing about 4% of its total 85,000 loan approvals.
20 Articles
20 Articles
Foreign Nationals Banned From Accessing SBA-Backed Loans
The Small Business Administration (SBA) issued a policy notice banning non-citizens and foreign nationals from receiving small business loans guaranteed by the agency, according to a March 9 statement. The notice applies to the administration’s microloan program, which provides loans of up to $50,000 to help small businesses, as well as to start-up and expansion of certain not-for-profit childcare centers. In fiscal year 2025, the SBA approved 3…
Trump Admin Puts Kibosh On Foreign Nationals Getting Gov’t-Backed Small Business Loans
by Ireland Owens at CDN - The Small Business Administration (SBA) announced Monday it is banning foreign nationals and non-citizens from acquiring any SBA small business loans. The policy change — which pertains to the SBA’s surety bond and microloan programs — comes after the agency enacted a separate policy on March 1 which made any U.S. small business owned partly or … Click to read the rest HERE-> Trump Admin Puts Kibosh On Foreign Nationals…
Trump Halts Small Business Loan Programs for Foreign Nationals.
PULSE POINTSWHAT HAPPENED: The U.S. Small Business Administration (SBA) announced a new policy barring foreign nationals from accessing its loan services.WHO WAS INVOLVED: SBA Administrator Kelly Loeffler and SBA loan program participants.WHEN & WHERE: Announced Friday, policy to take effect 30 days after the announcement.KEY QUOTE: “The Trump SBA is committed to driving economic growth and job creation for American citizens.” – Kelly Loeffler.I…
Trump Administration Bans Non-Citizens From All Small Business Administration Loan Programs
Let’s be real for a moment. You run your household on a simple principle, don’t you? You take care of your own family first. You... The post Trump Administration Bans Non-Citizens From All Small Business Administration Loan Programs appeared first on Patriot Journal.
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