SBA Loans Limited to Businesses 100% Owned by U.S. Citizens
Starting March 1, 2026: SBA Loans Limited to Businesses 100% Owned by U.S. Citizens The U.S. Small Business Administration (SBA) has announced a comprehensive overhaul of its loan eligibility requirements. Effective March 1, 2026, SBA loans will be available only to businesses that are 100% owned by U.S. citizens. This policy change is expected to have a significant impact on immigrant-owned small businesses nationwide. 🔹 What Is Changing? According to an official SBA policy announcement released earlier this month, the agency will eliminate all existing provisions that allowed loan eligibility for businesses with non-citizen or permanent resident ownership. This change applies uniformly to the SBA’s core financing programs, including: SBA 7(a) Loan Program SBA 504 Loan Program 🔹 Key Highlights of the New SBA Eligibility Criteria Under the revised rules: All direct and indirect owners of the applicant business must be U.S. citizens or U.S. nationals Owners must maintain their primary residence within the United States or U.S. territories The previously…
