Green card holders just got locked out of SBA loans
For decades, legal permanent residents could get government-backed loans to build local businesses. But a quiet policy shift just pulled the plug on them.
If someone has a green card, they have done everything by the book. They live in the country, pay taxes, and hire local workers. For decades, the Small Business Administration was there to help them get loans to grow those businesses.
Not anymore. Under Trump's latest immigration crackdown, the rules quietly changed. Legal permanent residents have been stripped of their eligibility for these crucial government-backed loans.
Instead, they are now being lumped into the same category as temporary visitors. It is a massive shift that completely upends decades of standard practice. It turns out "permanent" has a very loose definition in Washington these days.
Tax dollars are still very welcome, but the actual support apparently has some residency-status terms and conditions.
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