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News & Current Events Mar 31, 2026 at 5:27 AM

Big change for California small businesses: No more SBA loans for non-citizens

Posted by vriska1

Big change for California small businesses: No more SBA loans for non-citizens
AP News
Big change for California small businesses: No more SBA loans for non-citizens
Green-card holders no longer qualify for loans from the Small Business Administration, eliminating a longtime source of financing for immigrants that advocates say will discourage job creation and harm the economy.
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22 Comments

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winterbird Mar 31, 2026 +90
This is not exclusive to California. https://www.congress.gov/crs-product/IN12549
90
FifteenthPen Mar 31, 2026 +34
Even f****** AP is resorting to misleading clickbait headlines now. Wonderful.
34
wyvernx02 Mar 31, 2026 +10
Because it's not an AP headline. It's a CalMatters headline on a story the AP picked up and distributed.
10
nethril Apr 1, 2026 -5
Looks a lot like apnews.com to me.  If they host it, it's their story, no matter who wrote it
-5
gnanny02 Mar 31, 2026 +82
Horrible headline. This is not California, it's the entire US.
82
GeminiDragon60 Mar 31, 2026 +18
And old news.
18
wyvernx02 Mar 31, 2026 +6
This is a CalMatters story that AP picked up for distribution. AP didn't choose the headline.
6
formerPhillyguy Mar 31, 2026 +96
I wouldn't call SBA loans, low interest. My last one got up to 14% before I paid it off. The main draw is that they don't require collateral. Non-collateralized loans have higher interest rates.
96
crakemonk Mar 31, 2026 +36
Green card holders are literally here legally and doing it “the right way.” Of course we know that they really just hate immigrants in general.
36
Whole_Intention_7949 Mar 31, 2026 +7
I mean wasn't it obvious from all the H1B whinging last year ? They don't want immigrants
7
tabrizzi Mar 31, 2026 +4
They do. They just prefer that they come from places like Norway. The big man said that himself.
4
Infinite_Theory3453 Mar 31, 2026 +10
Policy shift gonna hit a lot of small businesses hard
10
Several-Pattern-7989 Mar 31, 2026
So immigrants will be pushed to get loans from somebody else? 'more money! more money​!' are the chants from the Russian mafia.
0
Infinite_Theory3453 Apr 1, 2026 +1
Don't know what is going to happen exactly 🥲
1
FillFrontFloor Mar 31, 2026 +4
Btw, this is what creates loan sharks. Then they become powerful,  you guys are indirectly about to create a very dangerous problem.
4
Several-Pattern-7989 Mar 31, 2026 -1
a problem that will be a benefit of the Russian mafia.
-1
funnylib Mar 31, 2026
This will surely benefit the economy 🙄
0
heleuma Apr 1, 2026 +1
Lol, how can they be proud of this? MAGA is just shit.
1
Bonamikengue Mar 31, 2026 -2
What is the purpose of this? Hate towards immigrants? To make John Sixpack in his trailer park happy about "owning the libs?" This costs jobs. This costs growth. This makes the economy worse. Many companies were founded by immigrants starting with a SBA loan.
-2
lost-picking-flowers Mar 31, 2026
>Many companies were founded by immigrants starting with a SBA loan. It's literally the American dream. And I am all too familiar with the situation in some of these dying Appalachian mining towns - the only people breathing life into them through small business are the immigrants.
0
wyvernx02 Mar 31, 2026 +1
>What is the purpose of this? To remove any potential threats to big corporations. They don't want you to have any alternatives.
1
hananobira Mar 31, 2026
How dare people try to come here and start a business and pay sales taxes and income taxes that fund the local economy?
0
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