President Donald Trump’s Small Business Administration (SBA) is banning foreign nationals from securing federal dollars via more small business loan programs, the agency announced Monday.
“The Trump SBA is committed to driving economic growth and job creation for American citizens,” SBA Administrator Kelly Loeffler said in a statement:
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.
In particular, foreign nationals will not be eligible for the agency’s Surety Bond program and Microloans, which…
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