Obtaining an SBA loan as a US Resident/Non-Resident Alien

May 04, 2023
by a searcher from University of British Columbia in British Columbia, Canada
Hoping to hear from somebody who has experience or has successfully obtained an SBA as a resident/non-resident alien. In speaking with different lenders, they are aware of the possibility but have never seen it executed.
According to the SBA SOP (Standard Operating Procedures###-###-#### K), Chapter 2, Section B, subsection 3, "Legal Alien Status", it states that:
"An applicant who is not a U.S. citizen or Resident Alien may be eligible for an SBA-guaranteed loan if the individual is a lawfully-admitted permanent resident of the United States, and it can be demonstrated that the individual is authorized to work in the United States as evidenced by the USCIS Form I-551 (Lawful Permanent Resident Card), and is otherwise eligible under the provisions of this SOP.
An applicant who is not a U.S. citizen or Resident Alien may also be eligible for an SBA-guaranteed loan if the individual is in the United States on a valid visa and otherwise eligible under the provisions of this SOP. Visas eligible for SBA loan purposes are the E-2 Treaty Investor Visa and the E-1 Treaty Trader Visa."
from Xavier University in Cincinnati, OH, USA
from Sam Houston State University in 5324 Community Dr, Houston, TX 77005, USA