Posted on 02/04/2026 6:47:38 PM PST by Olog-hai
President Donald Trump’s Small Business Administration (SBA) is stopping the issuance of small business loans to foreign nationals, requiring that a business be 100 percent owned by a U.S. citizen or U.S. national to receive such a loan.
This week, the SBA published a memo requiring that, beginning next month, applicants for the agency’s primary small business loan be American citizens or American nationals.
“… effective March 1, 2026, SBA hereby revises Standard Operating Procedure 50 10 8 Lender and Development Company Loan Programs guidance related to businesses owned by non-U.S. citizens,” the memo states. […]
Closing the small business loan loophole comes after the SBA suspended almost 7,000 pandemic-era loans for borrowers in Minnesota due to “suspected fraud activity,” according to Administrator Kelly Loeffler. …
(Excerpt) Read more at breitbart.com ...
May it continue.
“But broadly speaking, foreigners investing to help grow American businesses, including small businesses, is a good thing, not a bad thing.”
No. They are not bringing money here to invest. No one is preventing them from using THEIR OWN MONEY. These are SBA loans. Taxpayer money.
Good point.
There are many thousands of “minorities” in the DC area whose sole job is to be the front person for a wide variety of ventures seeking government grants and/or loans from a wide variety of agencies.
They get a “cut” for getting the contract award. This in turn inflates the costs of contracts across the board.
It’s crap that people expect the government to subsidize their small businesses. Let them sink or swim on their own. Isn’t that what capitalism is all about?
Shut it all down, IMO.
Agreed.
The SBA is an excellent example of government bloat—and of course they are getting ripped off left and right by phony entities that steal some or all of the money and run.
“Trump has just prohibited any foreign investment in U.S. companies that also seek federal loan support.”
Foreigners investing in U.S. businesses ... fine.
But if they’re expecting to use MY/YOUR money to do it, how does that make any sense? THEY aren’t investing at that point; we are.
In the mid-’80s, my boss put me in charge of the MBE/WBE Program for the city which was managed by Public Works at the time.
Really, really bad idea. Like when another boss put me in charge of United Way.
I did the jobs, even though I strongly objected many time to that duty. My efforts were ... shall I say ... less than enthusiastic. (Half-assed?)
I doubt if Harriet and Nels Oleson got an SBA, and they did alright.
I had my “United Way” year as well—like you ordered by the boss.
I had to pretend that they did not support an endless Devil’s brew of leftist organizations that hated me.
I did as little as I could get away with....
This is why 7-11s, liquor stores, and motels are all owned by filthy sub-continent scum. And they’re all 3rd world filthy.
Buh bye, Chayna!
never should have started.
Foreign investment doesn’t necessarily mean ownership. Even the few small businesses that might find foreign investors, it can be structured as non-owner money in the company.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.