{"ok":true,"canonical_url":"https://dealroom.so/glossary/lawful-permanent-resident","api_url":"https://dealroom.so/api/public/glossary/lawful-permanent-resident","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-resident","term":"Lawful Permanent Resident","aka":"Green Card holder","group":"People and paperwork","definition":"An individual granted the privilege of permanently residing in the United States. This status is a key eligibility requirement for non-U.S. citizens seeking an SBA 7(a) loan.","what_it_means":"If you are not a U.S. citizen, you must hold Lawful Permanent Resident status (commonly known as a Green Card holder) to be eligible for an SBA 7(a) loan. You will be required to provide proof of this status, typically through a Form I-551, as part of your loan application. Ensure all key principals involved in the business meet this crucial eligibility criterion.","url":"https://dealroom.so/glossary/lawful-permanent-resident","official_sources":[{"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"},{"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"}],"related":[{"slug":"qualified-alien","term":"Qualified Alien","url":"https://dealroom.so/glossary/qualified-alien"},{"slug":"key-principal","term":"Key principal","url":"https://dealroom.so/glossary/key-principal"},{"slug":"form-i-551","term":"Form I-551","url":"https://dealroom.so/glossary/form-i-551"},{"slug":"uscis","term":"USCIS","url":"https://dealroom.so/glossary/uscis"}],"related_questions":[{"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"},{"question":"How does an SBA lender verify the U.S. citizenship or lawful permanent resident status of a 20%+ owner?","url":"https://dealroom.so/for-lenders/questions/how-does-an-sba-lender-verify-the-u-s-citizenship-or-lawful-permanent-resident-status-of-a"},{"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-"}]},"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 Resident","url":"https://dealroom.so/glossary/lawful-permanent-resident","source_type":"DealRoom Data"}}