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Navigating the Recent Ban on Foreign Ownership for SBA Loans
PilieroMazza – Earlier this month, the U.S. Small Business Administration (SBA) banned foreign nationals, non‑citizens, and lawful permanent residents whose principal residence was outside of the U.S. from owning any interest in a small business applicant of an SBA‑guaranteed small business loan under the 7(a) and 504 programs. Effective April 1, 2026, that ban will expand to the Surety Bond and Microloan programs.