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A 2026 SBA rule blocks non-citizens from federal loans, raising startup costs for immigrant entrepreneurs.
A new Small Business Administration policy restricting SBA loans to non-citizens, including legal immigrants and permanent residents, is making it harder for them to start businesses.
The rule, effective in early 2026, limits access to federal loan programs, increasing startup costs and forcing entrepreneurs to seek more expensive alternatives.
Legal immigrant Cristina Foanene shared her struggles securing funding under the new rules.
While the SBA says the policy aligns with federal priorities, advocates warn it undermines immigrant contributions to the economy and may discourage entrepreneurship.
The full impact remains under evaluation.
Una regla de la SBA de 2026 bloquea a los no ciudadanos de los préstamos federales, aumentando los costos de inicio para los empresarios inmigrantes.