SBA restricts small-business loans for immigrant entrepreneurs with green cards
By
Alina Selyukh
Master baker tier. Every paragraph earns its place on the tray.
Summary
The U.S. Small Business Administration (SBA) has changed its policy to restrict small-business loans for immigrant entrepreneurs who are legal permanent residents. Previously, immigrants with green cards could access SBA loans to start or grow businesses. The policy shift has effectively shut out many immigrant business owners, including Sayuri Tsuchitani, a hairdresser who applied for an SBA loan to start her own salon after the pandemic. The article explores the impact of this restriction on immigrant entrepreneurs, highlighting how it undermines a key pathway to economic mobility and small-business creation in the U.S.
Key quotes
· 3 pulledBefore Sayuri Tsuchitani became an entrepreneur, she spent two decades on her feet: cutting, coloring and styling hair.
For decades, immigrants who are legal permanent residents in the U.S. could get loans through the Small Business Administration, a core pillar of small-business lending. Not anymore.
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