The Small Business Administration said in a policy note that green card holders won’t be allowed to apply for SBA loans, ...

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

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 restrictions are set to take effect March 1, 2026.

The Small Business Administration will remove green card holders’ eligibility to participate in government loan programs ...

WASHINGTON, Aug. 01, 2023 (GLOBE NEWSWIRE) -- On August 1, the U.S. Small Business Administration (SBA) began implementing additional policies aimed at expanding small business access to capital by ...