New Loan Eligibility Rules (Effective March 1, 2026
The SBA has implemented significant changes to the 7(a) and 504 loan programs. Ensure your business remains compliant and eligible for federal funding:
100% Ownership Rule: Businesses must now be 100% owned by U.S. citizens or U.S. nationals.
Residency Requirement: Owners must maintain primary residence in the U.S. or its territories.
Eligibility Shift: Lawful permanent residents (Green Card holders), visa holders, and refugees are no longer eligible for these specific programs.
Note: Loans approved before March 1, 2026, remain unaffected.