{"ok":true,"canonical_url":"https://dealroom.so/glossary/legal-permanent-residency","api_url":"https://dealroom.so/api/public/glossary/legal-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":"legal-permanent-residency","term":"Legal permanent residency","group":"People and paperwork","definition":"The status of an individual who has been granted the right to live permanently in the U.S. and holds a Green Card (Form I-551). This status is key for non-citizens seeking an SBA loan.","what_it_means":"If you're not a U.S. citizen, you must prove Legal Permanent Residency to be eligible for an SBA loan. This is typically done by providing your Green Card (Form I-551). The SBA requires a Qualified Alien status for borrowers.","url":"https://dealroom.so/glossary/legal-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":"sba-form-1919","title":"SBA Form 1919 — Borrower Information Form","official_url":"https://www.sba.gov/document/sba-form-1919-borrower-information-form","official_label":"View on SBA.gov","authority_tier":4,"publisher":"U.S. Small Business Administration","source_guide_url":"https://dealroom.so/sba-7a/sources/sba-form-1919"}],"related":[{"slug":"qualified-alien","term":"Qualified Alien","url":"https://dealroom.so/glossary/qualified-alien"},{"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"},{"slug":"form-1919","term":"Form 1919","url":"https://dealroom.so/glossary/form-1919"}],"related_questions":[{"question":"How does a lender verify U.S. citizenship or legal permanent residency for a 7(a) loan applicant?","url":"https://dealroom.so/for-lenders/questions/how-does-a-lender-verify-u-s-citizenship-or-legal-permanent-residency-for-a-7-a-loan-appli"},{"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":"What types of non-citizen legal residency status are acceptable for SBA 7(a) loan applicants?","url":"https://dealroom.so/for-lenders/questions/what-types-of-non-citizen-legal-residency-status-are-acceptable-for-sba-7-a-loan-applicant"},{"question":"How does the SBA verify the legal status (citizenship/residency) of all owners for a 7(a) loan?","url":"https://dealroom.so/sba-7a/questions/how-does-the-sba-verify-the-legal-status-citizenship-residency-of-all-owners-for-a-7-a-loa"},{"question":"Are there citizenship or residency requirements for SBA 7(a) loan applicants?","url":"https://dealroom.so/sba-loans/basics/are-there-citizenship-or-residency-requirements-for-sba-7-a-loan-applicants"}]},"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 — Legal permanent residency","url":"https://dealroom.so/glossary/legal-permanent-residency","source_type":"DealRoom Data"}}