Beginning March 1, 2026, migrants will no longer be eligible to apply for business loans in the United States following a new federal regulation. This amendment limits access to government-backed loans for small businesses exclusively to U.S. citizens and those who own 100% of their business. As indicated in a recent announcement by the Small Business Administration (SBA), this legislative change comes under Executive Order 14159, purportedly aimed at 'Protecting American Citizens from Invasion.' This order introduces stringent requirements for business ownership to qualify for federal loan programs.

The implications of this new rule are significant for migrant entrepreneurs. Many individuals in the migrant community have relied on these loans to establish or expand their businesses, contributing to the economic landscape of the U.S. By narrowing the eligibility criteria, the government is effectively marginalizing a substantial segment of the small business sector, which has historically included a diverse array of immigrant-owned ventures. This move is anticipated to raise concerns among immigrant advocates and may spur backlash regarding economic opportunities for marginalized populations.

In light of the upcoming changes, the SBA has stressed that compliance with these new norms will be critical to accessing crucial financial assistance. Support mechanisms and alternatives for affected migrants remain uncertain, raising issues about the long-term impact on local economies that benefit from immigrant entrepreneurship. As discussions continue regarding this rule, communities are urged to prepare for the changes that may reshape the financial landscape for small businesses across the nation.