SBA Slams Door on Foreign Nationals: All Loans Now Americans Only

It stands to reason that government programs intended to support the development of small businesses, programs which are funded by the taxpayers, should be available to American citizens - and only American citizens. But that has not been the case.

Until now, anyway. The Small Business Administration (SBA) has slammed the door on foreign nationals and non-citizens for the SBA's loan programs.

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.

Sorry, but if you're a foreign national looking to open or take over total or partial ownership in a small business in the United States, you can obtain financing in your own country. We can question the legitimacy of the federal government providing such loans in the first place, but that's a story for another time - and as long as the SBA is providing such loans, it's not too much to expect they go to Americans.

This isn't the first step the SBA has taken since President Trump resumed office.

SBA’s announcement comes on the heels of other, broader changes the agency has made to re-center its investments on U.S. citizens. In 2025, SBA began requiring citizenship verification across its loan programs and announced that it would move its offices out of so-called sanctuary cities, areas where local governments have instructed law enforcement not to cooperate with President Donald Trump's federal immigration enforcement efforts.
According to data from the SBA, the agency has 3,300 loans on the books for small businesses partially owned by lawful permanent residents, largely under the Biden administration. That figure represents 4% of the agency’s total loans — currently at 85,000.

Those loans, of course, have already been disbursed. We can and should change this going forward.

In fact, since President Trump's SBA has been busy not only with the loan programs but also with the rampant fraud in those programs.

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These people are responsible for safeguarding taxpayer funds. Yes, I know, for most of us who have been paying attention to politics and the deep state over the last few decades, a notion like that is enough to make one burst out laughing. The Biden administration alone seemed determined to drop federal dollars down every rathole they could find, and now, with the many and varied fraud schemes that are being dragged into the light, we see the results of that.

SBA is an agency meant to help American businesses. It's funded by the American taxpayers. The benefits of any of their programs must go to Americans. That's not an unreasonable idea at all.

Editor’s Note: The 2026 Midterms will determine the fate of President Trump’s America First agenda. Republicans must maintain control of both chambers of Congress.

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