SBA’s new rule prohibits foreigners, non-citizens from accepting small business loans; takes effect in 30 days
The U.S. Small Business Administration (SBA) announced a new policy that prohibits foreigners and non-citizens from obtaining SBA-guaranteed small business loans. SBA Administrator Kelly Loeffler announced the change on Monday and will apply to all SBA loan programs, including the Major Loan Program and the Small Support Program.Under the new policy, only U.S. citizens and … Read more