SBA says legal permanent residents will be ineligible for its loan program, effective March 1

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

SBA cuts off non-US citizens from primary loan program

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.

SBA shuts out non-U.S. citizens from its main lending program

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

SBA 100% citizenship mandate explained: Why green card holders lose access to SBA loans starting March 1, 2026

Nearly 10% of SBA loan portfolios face immediate disqualification as new rules mandate 100% U.S. citizenship. Starting March ...
The Business Journals

Trump's SBA has mostly focused on cuts. Here are the loan programs it wants to expand.

The SBA will highlight programs and initiatives on a new tour. The Small Business Administration has made news in recent days for announcing the closure of field offices, cutting workers and rolling ...
The Business Journals

SBA to overhaul loan programs and collections under new administrator

Feb 26, 2025, 8:07am EST Updated: Feb 26, 2025, 8:27am EST Haiyun Jiang/The New York Times Small Business Administration Administrator Kelly Loeffler this week issued a memo detailing planned changes ...
Nasdaq

BayFirst Discontinues Bolt SBA 7(a) Loan Program

ST. PETERSBURG, Fla., Aug. 04, 2025 (GLOBE NEWSWIRE) -- BayFirst Financial Corp. (NASDAQ: BAFN) (“BayFirst” or “Company”), parent company of BayFirst National Bank (“Bank”) today announced that as ...
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SBA launches loan program for small manufacturers

The Small Business Administration is rolling out a new loan program specifically for small manufacturers. The 7(a) Manufacturers' Access to Revolving Credit (MARC) loan program will offer working ...