SBA Bars Foreign Nationals from Loans, Prioritizes Citizens

March 9, 2026·4 days ago·via Fox News Politics

The Trump administration's SBA slams the door on foreign nationals and green card holders, mandating 100% U.S. citizen or national ownership for all loans starting March 1, 2026 - even a 1% stake disqualifies a business. This reverses a December 2025 policy allowing up to 5% non-citizen ownership, aligning with President Trump's January 2025 executive order to protect American resources and prevent fraud. SBA spokesperson Maggie Clemmons emphasizes every taxpayer dollar now fuels U.S. Read more about this...

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