SBA Loans Blocked for Green-Card Holders
Fresno News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
The Small Business Administrations decision to limit loans to U.S. citizens and nationals has disproportionately affected immigrant entrepreneurs, particularly in California. This move has shut out green-card holders and those with partial ownership, impacting businesses like restaurants, salons, and clinics. Immigrants contribute significantly to the states economy, driving job growth and income. With the SBA loan option now limited, entrepreneurs are exploring alternatives like community lenders and state programs. However, filling the gap left by the SBA will be challenging, potentially slowing job growth and impacting communities nationwide.
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