The U.S. Small Business Administration (SBA) has implemented new restrictions that affect legal permanent residents' access to small-business loans. Historically, these immigrants were eligible for loans through the SBA, which has been a significant source of funding for small businesses. The recent changes have raised concerns among immigrant entrepreneurs who relied on these loans to start and grow their businesses.
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U.S. Small Business Administration Restricts Loan Access for Immigrant Entrepreneurs
The U.S. Small Business Administration has restricted access to small-business loans for legal permanent residents, a change that impacts immigrant entrepreneurs. Previously, these individuals could obtain loans through the SBA, which has been crucial for small business funding.
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Door shuts on some immigrant entrepreneurs as U.S. restricts small-business loans
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U.S. Small Business Administration Restricts Loan Access for Immigrant Entrepreneurs