alt.hn

2/3/2026 at 9:32:58 PM

SBA cuts off non-US citizens from primary loan program

https://www.politico.com/news/2026/02/03/sba-non-us-citizens-primary-loan-program-00762363

by propter_hoc

2/3/2026 at 11:39:11 PM

What defines an owner, then? One who signs the application? Somebody with stock? If so, how much stock? Can they be promoted to owner after the application is granted?

Is it ok to have green card and/or work permit people on staff, or is that also a no-no? I can imagine they’d agree, since the administration’s goal is to not have non-citizens. Or, maybe, not have small business loans?

by jleyank

2/3/2026 at 9:39:04 PM

Starter comment, as a Canadian entrepreneur with US citizenship, I can't fathom the rationale for this. Why would you dissuade permanent residents from starting businesses that employ citizens?

Sure, block access to companies controlled by non-residents, but lots of people come to Silicon Valley legally to start businesses, shutting them out of financing seems beyond bizarre.

by propter_hoc