Update: All SBA 7(a) and 504 loans now require 100% ownership by U.S. Citizens…
SBA Citizenship Rules for 7(a) and 504 Loan Eligibility in 2025 Update from the SBA: All 7(a) and 504 loans now require 100% ownership by U.S. Citizens, U.S. Nationals, or Lawful Permanent Residents. Even a small percentage of foreign ownership like — 1% or less — can now disqualify an otherwise eligible business from receiving…