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SBA Bans Foreign Nationals from Loan Services to Prioritize Americans

3/9/2026

Summary

Story summary

The U.S. Small Business Administration announced a policy banning foreign nationals and non-citizens from SBA loan services.
SBA Administrator Kelly Loeffler said the move prioritizes American citizens in growth and job creation.
The policy expands restrictions to Surety Bond and Microloan programs, excluding businesses partially owned by foreign nationals.
The change follows reforms requiring citizenship verification for all SBA loan programs and takes effect 30 days after the announcement.

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Story summary

The U.S. Small Business Administration announced a policy banning foreign nationals and non-citizens from SBA loan services.
SBA Administrator Kelly Loeffler said the move prioritizes American citizens in growth and job creation.
The policy expands restrictions to Surety Bond and Microloan programs, excluding businesses partially owned by foreign nationals.
The change follows reforms requiring citizenship verification for all SBA loan programs and takes effect 30 days after the announcement.