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…