SBA Bans Green Card Holders from Loans
Oakland News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
SBAs Green Card Ban: A Major Setback for Immigrant Entrepreneurs
The Small Business Administrations recent decision to deny loans to green card holders has left immigrant entrepreneurs in a precarious position. This change, which took effect in March, has cut off a crucial funding source for many businesses, particularly those in California, where immigrants make up a significant portion of small business owners. The economic impact could be substantial, as immigrant entrepreneurs contribute significantly to job creation and economic growth. Advocates and experts have criticized the move, arguing that it undermines the economy and stifles innovation.
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