New SBA lending criteria (non-citizens)

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March 06, 2026

by a searcher from Massey University in Houston, TX, USA

With the new SBA rule from Mar2026, no more LPR (green card holders), non-US citizens, can not be invested in the company at any %, how would it affect the landscape for a potential acquisition and existing ones with such investors already? Thoughts?
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Reply by a searcher
from University of Colorado at Boulder in Los Angeles, CA, USA
I would look at the SSBCI programs in your respective state, they mostly allow for permanent citizen / non-resident borrowers. Easier to discuss but the state programs are mostly 80% guarantees, very similar to SBA 7A with shorter maturities (7-10years typically). The biggest difference to be aware of is that most state programs do not allow for financing of goodwill, including Texas (California DOES allow it). We are participating lender for several state SSBCI programs. Happy to help or refer to others that would be able to help.
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