SBA Blocks Green Card Holders from Loans
Fresno News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
The Small Business Administrations new policy limits SBA loans to U.S. citizens and nationals, excluding green-card holders. This change affects immigrant entrepreneurs, particularly in California, where they run forty percent of businesses and generate significant income. The move is criticized for stifling job growth and the American Dream, with alternatives like community lenders and state programs being explored. The policy shift may reshape the future of small businesses, potentially reducing the number of immigrant-owned enterprises.
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