The SBA has announced a new rule, effective 3/7/2025, that could significantly impact foreign searchers.

Under this update, businesses applying for SBA financing must now be 100% owned by U.S. citizens or residents.

This means foreign investors can no longer hold ownership in any business applying for SBA loans—even as a minority owner.

If you're navigating SBA funding, this is a critical change to keep in mind. Stay informed and plan accordingly!