New SBA Rules

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February 20, 2026

by a searcher from Northern Illinois University in Chicago, IL, USA

How do you think the new SBA Rules will impact deal flow? Do you think the SBA will backoff the new restrictions in the future, or do you think this might provide a buyer advantage for liquid buyers?
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Reply by a searcher
from Northern Illinois University in Chicago, IL, USA
New Ownership Requirement (effective March 1, 2026) SBA 7(a) and 504 loans will now require 100% U.S. citizen ownership — green card holders can no longer own any part of a business applying for these loans. This is a major change since previously up to 5% non-citizen ownership was allowed.
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Reply by a searcher
from Massachusetts Institute of Technology in Boston, MA, USA
I think the fundamental question is, "what % of SBA deals went to non-citizens in the recent past?"
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