Story perspectives

New SBA Loan Policy Excludes Immigrants, Hits Entrepreneurs Hard

4/8/2026

Center

Garcia Warns Exclusion

The new federal policy restricts SBA loans to U.S. citizens, excluding green card holders, asylum seekers, refugees, and DACA recipients.
Oscar Garcia of the California Hispanic Chambers of Commerce warns restricting loans will harm California's immigrant entrepreneurs, who own 40% of California's small businesses and contribute over $20 billion, and could lead to predatory lending.
The SBA says the policy prioritizes funding for American citizens due to limited resources.

Left

Bonta Challenges Trump

More than 20 states, including California, are suing President Donald Trump over his executive order to federalize vote-by-mail ballots.
California Attorney General Rob Bonta argues that the order exceeds presidential authority and threatens the integrity of the 2026 midterms.
Bonta claims the order is unconstitutional and aims to manipulate election outcomes amid baseless allegations of voter fraud.
The order would transfer election administration from state officials to federal departments, requiring the U.S. Postal Service to distribute ballots with a new barcode.

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Garcia Warns Exclusion

The new federal policy restricts SBA loans to U.S. citizens, excluding green card holders, asylum seekers, refugees, and DACA recipients.
Oscar Garcia of the California Hispanic Chambers of Commerce warns restricting loans will harm California's immigrant entrepreneurs, who own 40% of California's small businesses and contribute over $20 billion, and could lead to predatory lending.
The SBA says the policy prioritizes funding for American citizens due to limited resources.

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