SBA cuts off non-US citizens from primary loan program (opens in new tab)

What defines an owner, then? One who signs the application? Somebody with stock? If so, how much stock? Can they be promoted to owner after the application is granted?

Is it ok to have green card and/or work permit people on staff, or is that also a no-no? I can imagine they’d agree, since the administration’s goal is to not have non-citizens. Or, maybe, not have small business loans?

Starter comment, as a Canadian entrepreneur with US citizenship, I can't fathom the rationale for this. Why would you dissuade permanent residents from starting businesses that employ citizens?

Sure, block access to companies controlled by non-residents, but lots of people come to Silicon Valley legally to start businesses, shutting them out of financing seems beyond bizarre.