New SBA Loan Policy Reinforces ‘America First’ for Small Businesses
SBA Introduces Major Eligibility Changes Effective March 1
A new Small Business Administration (SBA) loan policy, set to take effect on March 1, is set to significantly alter eligibility rules for SBA-backed financing. Under the updated guidelines, businesses with any legal permanent resident (LPR) ownership will no longer qualify for SBA loans, reversing longstanding policies that allowed green card holders to participate.
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