Monday, March 09, 2026

LA Moves to Challenge, rule SBA Limiting Loans to Citizens

Los Angeles County supervisors voted Tuesday to pursue legal options challenging a new federal rule that would prevent lawful permanent residents " green card holders " from obtaining Small Business Administration-backed loans. The Board of Supervisors approved a motion directing the county's legal staff to explore litigation after the SBA announced the policy change. Under the SBA policy change, businesses seeking SBA-backed loans must be 100 percent owned by U.S. citizens or U.S. nationals, which means businesses owned by lawful permanent residents are no longer eligible

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Wild, never knew I could have gotten an SBA loan before. This seems unreasonable, any fool should be able to get a loan and fail and have the US back it up.

Comments

You can't. You're a pathetic loser. You don't qualify for green stamps.

#1 | Posted by LegallyYourDead at 2026-03-09 08:56 PM

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