Foreign nationals and SBA

April 12, 2024

by a searcher from Georgetown University in New Jersey, USA

Hi, I am new here and I am wondering if anyone has had experience or can offer any perspective on getting a SBA loan as a foreign national. Please comment below if you are willing to speak with me.

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Reply by a lender
from Eastern Illinois University in 900 E Diehl Rd, Naperville, IL 60563, USA

^redacted‌ is correct. Unless you are a U.S. citizen or a green card holder, you cannot qualify for an SBA 7A loan on your own. However, you can acquire a business with partners and so long as the partners own 51% or more of the company, then the company can quality for SBA financing. However, at least one US partner has to be a guarantor on the loan as well. We have done financing for deals with a combination of foreign and U.S. ownership before if you ever wish to talk. You can reach me here or at redacted Good luck.

Reply by a searcher
from Cornell University in New York, NY, USA

Thank you for posting this. Ping me if you have an answer. My experience is SBA loans (and most bank business loans) are only for US citizens and Green Card holders. If the searcher/borrower is an alien on any other legal status (ex. E2 visa), another partner has to be a US resident (Citizens or GCs) holding more than 51% of the ownership. This is not a legal opinion but only experiences. But really happy to hear about different observations.

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