SBA Updates Citizenship and Residency Requirements with 5% Ownership Exception
Procedural Notice 5000-872050 extends loan eligibility to businesses with limited foreign ownership
February 5, 20263 min read
Official Source
5000-872050
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This notice has been superseded
A newer version of this procedural notice is now in effect.
Procedural Notice 5000-872050 extends loan eligibility to businesses with limited foreign ownership
Official Source
5000-872050
SBA Procedural Notice 5000-872764 updates Standard Operating Procedure 50 10 8 with technical clarifications for both 7(a) and 504 loan programs, including changes to collateral policies, ESOP valuation requirements, and MARC loan processing rules.
SBA Policy Notice 5000-876441 significantly tightens citizenship requirements for 7(a) and 504 loans, eliminating eligibility for Legal Permanent Residents (green card holders) and removing the 5% foreign ownership exception.