"It's an act of racism," Latinos affected by new policy in the U.S.
Latino merchants express deep concern over a new U.S. Small Business Administration policy that restricts loans to citizens, excluding legal residents.
From March 1st: what the federal rule says that will prevent permanent residents from accessing loans
A new federal rule will prevent permanent residents in the U.S. from accessing loans backed by the Small Business Administration (SBA) starting March 1, 2026.
Walz proposes $10M business relief package as Republicans cry 'new avenue for fraud' in Minnesota
Minnesota Governor Tim Walz has proposed a $10 million relief package for small businesses affected by the Trump administration's immigration policies, facing criticism from Republicans who label the proposal as a potential avenue for fraud.
The new US rule that will prevent migrants from applying for business loans starting March 1
Starting March 1, 2026, migrants in the United States will be barred from applying for business loans due to a new federal rule limiting this benefit to U.S. citizens.
Trump admin uncovers 'staggering' $8.6 billion in suspected California small business fraud
The Trump administration has announced the suspension of over 111,000 California borrowers linked to $8.6 billion in suspected fraud related to COVID-19 relief programs.
Bad news for immigrant entrepreneurs: The U.S. will exclude them from official loans, even with a Green Card
New regulations will restrict federal loans to businesses solely owned by U.S. residents amid heightened immigration measures under the Trump administration.
The Trump administration confirmed that migrant workers with 'green cards' can no longer apply for official loans in the U.S.
The U.S. will exclude permanent residents from applying for business loans through a government agency, as the Small Business Administration will prohibit 'green card' immigrants from seeking loans starting March 1, according to a memo obtained by ABC News.
Green card holders will no longer be able to request official US loans
Permanent residents in the US, known as green card holders, will no longer qualify for loans from the Small Business Administration starting March 1, as the agency has limited the benefit to businesses wholly owned by US citizens residing in the country.