US SBA bars green card holders from guaranteed small-business loans
Permanent residents lose access to government-backed credit
Change
The US Small Business Administration made lawful permanent residents ineligible for SBA-guaranteed small-business loans.
Why it matters
The rule removes access to government-backed financing for businesses owned by permanent residents, forcing reliance on private credit markets.
Implications
- — Businesses must seek alternative financing — lack of access raises funding costs
- — Lenders must revise eligibility screening — policy change alters underwriting
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