Eligibility for SBA Loans as a Canadian Citizen

by a searcher

2 months ago

As a Canadian citizen who has incorporated a company in Delaware and is actively pursuing acquisitions in the U.S., am I eligible for SBA loans? Are there specific requirements or exceptions for foreign-owned businesses seeking SBA financing in the U.S.?

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searcher

Jumping in here quickly — just came back from a trip to / from the US and attended an ETA conference. SBA loans are specifically for US PRs / Citizens. If you do partner up with a person in the US, you may be able to unlock that potential. I also heard of people signing LPs in the US and finding ways to get an SBA loan post-that. Good luck!

2 months ago | like reply | 0 likes

searcher from University of Southern California

In order to be approved for SBA lending, at least 51 percent of the business must be owned by a U.S. Citizen (or citizens) or Green Card holder. The SBA will approve funding for businesses with foreign investors, but the maximum is 49 percent ownership for non-citizens.

2 months ago | like reply | 0 likes

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