SBA Helps Citizens, Blocks E-2 Visa Migrants from Loans:
The Small Business Administration has stopped offering government loans to the networks of ethnic E-2 migrants who elbow American citizens out of opportunities to buy businesses or lease franchise hotels, gas stations, and retail stores.
The agency had granted loans to more than 3,300 migrant-owned businesses in 2025, allowing migrants to win bigger loans and mortgages from other banks. But the agency will now only help citizens as they compete for franchises and launch businesses throughout the United States.
“The Trump SBA is committed to driving economic growth and job creation for American citizens,” SBA Administrator Kelly Loeffler announced on March 9, adding:
Last month, we made it clear that SBA would not allow foreign nationals to access our core small business loan programs – and today, we are expanding that policy to include all SBA-guaranteed loans. With our lending authority capped annually by Congress and amid record demand for access to capital, our responsibility is clear: the limited resource of SBA financing must prioritize American citizens who are building businesses and creating jobs here at home.
In Fiscal Year 2025, SBA approved 3,358 loans for small businesses owned in part by a lawful permanent resident (LPR), largely during the Biden Administration – representing 4% of the agency’s total 85,000 loans approvals.
The E-2 Treaty Investor Visas are given to migrants who can show they have a plan to grow wealth and employment in the United States. Many types of business projects are eligible. The migrants are allowed to bring in employees — including people who will work for very low wages — plus people they describe as “family members.” Roughly 1 in 11 visa applicants are rejected.
Many migrant-operated businesses gain a marketplace advantage over individual American entrepreneurs by colluding within ethnic or caste networks, or by committing economic fraud or visa fraud, as is common in their home countries.
Democrats are protesting the pro-American reforms. --->READ MORE HERE
Top Trump agency cuts off foreign nationals from all loan programs: 'Must prioritize American citizens':
'The Trump SBA is committed to driving economic growth and job creation for American citizens,' SBA Administrator Kelly Loeffler said
The U.S. Small Business Administration (SBA) announced a new policy that would ban foreign nationals and non-citizens from accessing its loan services — a continuation of efforts to refocus federal resources to ventures that align with American prioritization.
"The Trump SBA is committed to driving economic growth and job creation for American citizens," SBA Administrator Kelly Loeffler said in a statement on Friday.
The requirement will apply to its Surety Bond and Microloan programs and is an expansion of changes made in February to the SBA’s 504 and 7(a) programs — loans for small businesses looking to finance working capital, equipment or acquisitions. Those earlier reforms prohibited SBA loans from going to businesses that are partially or wholly owned by foreign nationals.
The Surety Bond helps new or inexperienced contractors bid for government jobs that require bonding. Similarly, The Microloan program looks to offer small businesses loans of up to $50,000 through approved third-party intermediaries.
"Last month, we made it clear that SBA would not allow foreign nationals to access our core small business loan programs – and today, we are expanding that policy to include all SBA-guaranteed loans," Loeffler said. --->READ MORE HERE
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