Yes, a non-U.S. citizen can apply for an SBA loan. As part of the SBA loan application process, each “proprietor, general partner, officer, director, LLC managing member, and 20%+ owner” of a business applying for a loan must provide an SBA Form 912 (Statement of Personal History) to their lender. The SBA states that their financing is available for “businesses that are 51% owned and controlled by persons who are not citizens of the US provided the persons are lawfully in the United States.” However, it’s up to the discretion of an individual lender whether they want to provide a loan to a non-citizen. If a lender does want to go forward with the loan application process, they would need to get a U.S. Citizenship and Immigration Services (USCIS) Form I-551, also known as a green card, from the borrower.

If a potential SBA loan application does not have a green card available because they are not a legal permeant resident (LPR), the lender needs to determine the borrower’s status. Potentially eligible statuses include:

• A documented alien admitted to the U.S. for a specific purpose and for a temporary period of time
• An individual granted asylum or a temporary refugee with LPR status
• An alien subject to the Immigration Reform and Control Act of 1986 (IRCA)

However, to be eligible, a business must also meet other requirements, including:

1. Present management must have operated the business for a minimum of 12 months before the application date, or, they will need to persoinally gurantee the loan.
2. The borrower must have enough U.S.-based collateral to repay the loan in full at any time during its term.

In some cases, a business owned/managed by citizens of foreign countries, foreign business entities, or non-immigrant aliens can also be eligible for SBA financing, as long as it meets the conditions mentioned above.

As part of the SBA loan application process, each “proprietor, general partner, officer, director, LLC managing member, and 20%+ owner” of a business applying for a loan must provide an SBA Form 912 (Statement of Personal History) to their lender. Additionally, if the potential SBA loan application does not have a green card available because they are not a legal permanent resident (LPR), the lender needs to determine the borrower’s status. Potentially eligible statuses include:

• A documented alien admitted to the U.S. for a specific purpose and for a temporary period of time
• An individual granted asylum or a temporary refugee with LPR status
• An alien subject to the Immigration Reform and Control Act of 1986 (IRCA)

In some cases, a business owned/managed by citizens of foreign countries, foreign business entities, or non-immigrant aliens can also be eligible for SBA financing, as long as it meets the conditions mentioned above, including:

• Present management must have operated the business for a minimum of 12 months before the application date, or, they will need to personally guarantee the loan.
• The borrower must have enough U.S.-based collateral to repay the loan in full at any time during its term.

The SBA states that their financing is available for “businesses that are 51% owned and controlled by persons who are not citizens of the US provided the persons are lawfully in the United States.” However, it’s up to the discretion of an individual lender whether they want to provide a loan to a non-citizen. If a lender does want to go forward with the loan application process, they would need to get a U.S. Citizenship and Immigration Services (USCIS) Form I-551, also known as a green card, from the borrower.

To be eligible, a business must also meet other requirements, including:

• Present management must have operated the business for a minimum of 12 months before the application date, or, they will need to personally guarantee the loan.
• The borrower must have enough U.S.-based collateral to repay the loan in full at any time during its term.

In some cases, a business owned/managed by citizens of foreign countries, foreign business entities, or non-immigrant aliens can also be eligible for SBA financing, as long as it meets the conditions mentioned above.

The advantages of an SBA loan for a non-U.S. citizen include:

• The ability to access capital to start or expand a business in the U.S.
• Competitive interest rates and terms.
• No requirement for a U.S. credit history.
• No requirement for a U.S. cosigner.
• No requirement for a U.S. citizenship.

Source: www.sba7a.loans/sba-7a-loans-small-business-blog/sba-loans-for-non-citizens

Yes, there are special considerations for a non-U.S. citizen when applying for an SBA loan. As part of the SBA loan application process, each “proprietor, general partner, officer, director, LLC managing member, and 20%+ owner” of a business applying for a loan must provide an SBA Form 912 (Statement of Personal History) to their lender. The SBA states that their financing is available for “businesses that are 51% owned and controlled by persons who are not citizens of the US provided the persons are lawfully in the United States.” However, it’s up to the discretion of an individual lender whether they want to provide a loan to a non-citizen. If a lender does want to go forward with the loan application process, they would need to get a U.S. Citizenship and Immigration Services (USCIS) Form I-551, also known as a green card, from the borrower.

If a potential SBA loan application does not have a green card available because they are not a legal permeant resident (LPR), the lender needs to determine the borrower’s status. Potentially eligible statuses include:

• A documented alien admitted to the U.S. for a specific purpose and for a temporary period of time
• An individual granted asylum or a temporary refugee with LPR status
• An alien subject to the Immigration Reform and Control Act of 1986 (IRCA)

However, to be eligible, a business must also meet other requirements, including:

1. Present management must have operated the business for a minimum of 12 months before the application date, or, they will need to persoinally gurantee the loan.
2. The borrower must have enough U.S.-based collateral to repay the loan in full at any time during its term.

In some cases, a business owned/managed by citizens of foreign countries, foreign business entities, or non-immigrant aliens can also be eligible for SBA financing, as long as it meets the conditions mentioned above.