SBA cuts off non-US citizens from primary loan program

The move would bar small businesses with any amount of ownership from green card holders from applying for the agency’s most popular small business loan program.
The Business Journals

SBA's flagship small-business lending program is in the red. Here's how it could hit businesses.

A combination of reduced loan fees, rising delinquencies and backlogged loan buybacks are plaguing the popular program. The Small Business Administration’s flagship 7(a) loan program lost hundreds of ...
Nasdaq

BayFirst Discontinues Bolt SBA 7(a) Loan Program

ST. PETERSBURG, Fla., Aug. 04, 2025 (GLOBE NEWSWIRE) -- BayFirst Financial Corp. (NASDAQ: BAFN) (“BayFirst” or “Company”), parent company of BayFirst National Bank (“Bank”) today announced that as ...
The Business Journals

SBA's flagship small-business lending program is in the red. Here's how it could hit businesses.

The Small Business Administration’s recent financial performance has made it a prime target for Republican lawmakers as well as former Sen. Kelly Loeffler, the agency's administrator-nominee. The ...
Morningstar

SBA Initiates Actions to Reverse Biden-Era Mismanagement of Core 7(a) Lending Program

WASHINGTON, March 27, 2025 (GLOBE NEWSWIRE) -- Today, as part of the work to reverse the gross financial mismanagement of the prior Administration, the U.S. Small Business Administration (SBA) ...
manilatimes

SBA Initiates Actions to Reverse Biden-Era Mismanagement of Core 7(a) Lending Program

Waiver of $460M in Lender Fees Undermined Integrity of Program for Small Businesses and Taxpayers WASHINGTON, March 27, 2025 (GLOBE NEWSWIRE) -- Today, as part of the work to reverse the gross ...
Mena FN

Bayfirst Discontinues Bolt SBA 7(A) Loan Program

(MENAFN- GlobeNewsWire - Nasdaq) ST. PETERSBURG, Fla., Aug. 04, 2025 (GLOBE NEWSWIRE) -- BayFirst Financial Corp. (NASDAQ: BAFN) (“BayFirst” or“Company ...