{"ok":true,"canonical_url":"https://dealroom.so/glossary/lawful-permanent-residency","api_url":"https://dealroom.so/api/public/glossary/lawful-permanent-residency","data_freshness":{"sba_records_through":"2026-05-31","fdic_records_through":"2026-03-31","dealroom_last_updated":"2026-06-15","timezone":"America/Chicago"},"source_summary":["Public SBA 7(a) loan records","FDIC institution data","DealRoom lender and franchise enrichment"],"term":{"slug":"lawful-permanent-residency","term":"Lawful permanent residency","aka":"Green card","group":"People and paperwork","definition":"This status grants non-citizens the right to live and work permanently in the U.S., commonly known as having a \"green card.\" SBA borrowers must meet specific citizenship or residency requirements.","what_it_means":"If you're not a U.S. citizen, you must prove lawful permanent residency or qualified non-immigrant status to be eligible for an SBA 7(a) loan. The lender will require documentation like your Form I-551 (green card). Ensure your immigration status is current and fully documented to avoid delays.","url":"https://dealroom.so/glossary/lawful-permanent-residency","official_sources":[{"slug":"sop-50-10","title":"SOP 50 10 — Lender and Development Company Loan Programs","official_url":"https://www.sba.gov/document/sop-50-10-lender-development-company-loan-programs","official_label":"View on SBA.gov","authority_tier":2,"publisher":"U.S. Small Business Administration","source_guide_url":"https://dealroom.so/sba-7a/sources/sop-50-10"},{"slug":"13-cfr-part-120","title":"13 CFR Part 120 — Business Loans","official_url":"https://www.ecfr.gov/current/title-13/chapter-I/part-120","official_label":"View on eCFR","authority_tier":1,"publisher":"Office of the Federal Register","source_guide_url":"https://dealroom.so/sba-7a/sources/13-cfr-part-120"}],"related":[{"slug":"qualified-non-immigrant-status","term":"Qualified non-immigrant status","url":"https://dealroom.so/glossary/qualified-non-immigrant-status"},{"slug":"form-i-551","term":"Form I-551","url":"https://dealroom.so/glossary/form-i-551"},{"slug":"key-principal","term":"Key principal","url":"https://dealroom.so/glossary/key-principal"}],"related_questions":[{"question":"What specific documentation must a lender collect to verify the legal residency status of a lawful permanent resident owner?","url":"https://dealroom.so/for-lenders/questions/what-specific-documentation-must-a-lender-collect-to-verify-the-legal-residency-status-of-"},{"question":"Can a Qualified Alien without permanent residency obtain an SBA 7(a) loan?","url":"https://dealroom.so/for-lenders/questions/can-a-qualified-alien-without-permanent-residency-obtain-an-sba-7-a-loan"},{"question":"How does a lender verify the lawful permanent resident status of a non-citizen applicant?","url":"https://dealroom.so/for-lenders/questions/how-does-a-lender-verify-the-lawful-permanent-resident-status-of-a-non-citizen-applicant"},{"question":"What specific documentation is required to verify a non-citizen owner's lawful permanent resident status?","url":"https://dealroom.so/for-lenders/questions/what-specific-documentation-is-required-to-verify-a-non-citizen-owner-s-lawful-permanent-r"},{"question":"How does a lender verify the \"U.S. Citizenship or Lawful Permanent Resident\" status on SBA Form 1919?","url":"https://dealroom.so/for-lenders/questions/how-does-a-lender-verify-the-u-s-citizenship-or-lawful-permanent-resident-status-on-sba-fo"},{"question":"Can a non-U.S. citizen, who is a lawful permanent resident, apply for an SBA 7(a) loan?","url":"https://dealroom.so/sba-loans/basics/can-a-non-u-s-citizen-who-is-a-lawful-permanent-resident-apply-for-an-sba-7-a-loan"}]},"caveats":["Definitions represent DealRoom's plain-English interpretation for buyers; verify regulatory terms against the official SBA and eCFR sources listed.","Not legal, tax, or financial advice, and not an SBA eligibility determination."],"citation":{"label":"DealRoom.so Glossary — Lawful permanent residency","url":"https://dealroom.so/glossary/lawful-permanent-residency","source_type":"DealRoom Data"}}