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Alex Jimenez
Alex Jimenez
@AlexJimenez@mas.to  ·  activity timestamp yesterday

SBA re-tightens its eligibility rules, hitting noncitizens

The SBA is backtracking on a policy, instituted last year, that had permitted modest participation in its lending program by noncitizens who are in the country legally.

https://www.americanbanker.com/news/sba-re-tightens-its-eligibility-rules-hitting-noncitizens

#FinTech #FinServ #Banking #Kakistocracy

American Banker

SBA re-tightens its eligibility rules, hitting noncitizens

The latest directive, which takes effect in March, allows only U.S. citizens and nationals to seek government-guaranteed financing. It's drawing criticism from Democrats in Congress, small-business advocates and some lenders.
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