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SBA Loans Restricted: Green Card Holders Barred Starting 2025

2/6/2026

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Summary

Story summary

The U.S. Small Business Administration will bar green card holders from SBA loans starting March 1, 2025.
The rule ends the previous allowance for up to 5% foreign ownership.
All owners of businesses applying for SBA loans must be U.S. citizens or nationals.
SBA spokesperson Maggie Clemmons said the change aims to support U.S. job creators, aligning the policy with U.S. President Donald Trump’s executive order on immigration enforcement.

History

Historical Context

The Immigration and Nationality Act of 1965, signed by President Lyndon B. Johnson on October 3, abolished the National Origins Formula, significantly altering U.S. immigration policy. This act prioritized family reunification and skilled workers, leading to over 1 million immigrants arriving annually by the 1990s, particularly from Asia and Latin America, reshaping the nation's demographic landscape and economic opportunities.

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Story summary

The U.S. Small Business Administration will bar green card holders from SBA loans starting March 1, 2025.
The rule ends the previous allowance for up to 5% foreign ownership.
All owners of businesses applying for SBA loans must be U.S. citizens or nationals.
SBA spokesperson Maggie Clemmons said the change aims to support U.S. job creators, aligning the policy with U.S. President Donald Trump’s executive order on immigration enforcement.

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