The administration of President Donald Trump has introduced a new rule barring green card holders from applying for loans through the U.S. Small Business Administration (SBA).
Under the revised policy, eligibility for SBA-backed loans will now be limited strictly to businesses owned by U.S. citizens.
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The change was outlined in an official SBA notice detailing updated loan qualification requirements.
The rule effectively excludes lawful permanent residents from accessing federal small business financing previously available to them.
Further details on the implementation timeline and transition provisions were not immediately disclosed.
