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, ...
Hoodline

Last Member of Fraud Ring Sentenced in $7.7M Pandemic Relief Scam Targeting Michigan and California

The last individual in a $7.7 million pandemic fraud scheme has been sentenced, marking the end of the case involving the ...

Green Card Holders Shut Out of Key Small Business Loan Programs

Green card holders will no longer be eligible for U.S. government-backed small business loans starting March 1. The U.S. Small Business Administration (SBA) is narrowing its citizenship and residency ...

What to know as Texas school voucher program opens this week

Texas families can begin applying Wednesday for the state’s new school voucher program, though funding limits mean not every ...

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 1, 2026, green card holders lose all access to 7(a) and 504 programs. This ...
The Business Journal

SBA bars green card holders from business loan ownership starting March 1

A new Small Business Administration policy taking effect March 1 will bar businesses with any legal permanent resident ownership from receiving SBA-backed loans, reversing longstanding eligibility rul ...