What Brokers Need to Know About Upcoming SBA Changes

The Small Business Administration (SBA) recently announced that non-citizen permanent residents (green-card holders) will no longer be eligible to receive SBA-backed loans. This change, effective March 1, 2026, could have significant impacts on small businesses and the broader economy. The CLBA has reviewed the update and provides a concise breakdown of what it means in practice.

 The Changes, Simplified

  •  SBA-backed loans will now only be available to businesses fully owned by U.S. citizens or nationals.
  •  Legal permanent residents can no longer hold any ownership stake in an SBA borrower.
  •  Non-citizens can still operate businesses and access conventional loans, but SBA-guaranteed financing is no longer an option.
  • Applications that receive an SBA loan number before March 1, 2026 may proceed under prior eligibility rules.

Read more here on our affiliate's news page: Commercial Loan Broker Association Website

by Leah Waldrop

Nashville Area Therapist Closes on Purchase of Practice with SBA Loan

With a race to close by the end of 2025, our team was able to help our client lock in their SBA loan deal with a 10 year amortization on December 31, 2025! The SBA bank we worked with was creative in many ways - including allowing life insurance to be post-closing. Plus, the SBA closing agent was professional and thorough when working with our team, the customer, and the insurance agent. We are grateful to our client for bringing us this deal and are excited for the growth of their private therapy practice located in the greater Nashville, Tennessee area. This was our client's first commercial lending experience and we are proud that our team was able to walk them, as well as the seller, through every step of the process. Building the relationship before closing the loan is what makes this industry so special!
Visit our website to learn more about our lending types as well as how to submit a deal inquiry. We would love to chat through your deal >> www.commercialcapitalbidco.com

by Leah Waldrop