{"ok":true,"canonical_url":"https://dealroom.so/glossary/lpr","api_url":"https://dealroom.so/api/public/glossary/lpr","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":"lpr","term":"LPR","aka":"Lawful Permanent Resident","group":"People and paperwork","definition":"A non-citizen who has been granted the right to live permanently in the U.S., often referred to as a 'Green Card' holder. LPRs are eligible for SBA loans.","what_it_means":"As an LPR, you are generally eligible to apply for an SBA 7(a) loan, provided you meet all other SBA eligibility and creditworthiness requirements. You'll need to provide proof of your LPR status, typically your Form I-551 (Green Card), to the lender during the application process. This confirms your legal right to own and operate a business in the U.S.","url":"https://dealroom.so/glossary/lpr","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":"foreign-national","term":"Foreign national","url":"https://dealroom.so/glossary/foreign-national"},{"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"}],"related_questions":[{"question":"Can a foreign national who is not a U.S. citizen or LPR serve as a personal guarantor on a 7(a) loan?","url":"https://dealroom.so/for-lenders/questions/can-a-foreign-national-who-is-not-a-u-s-citizen-or-lpr-serve-as-a-personal-guarantor-on-a-"},{"question":"Are specific visa types, other than LPR, acceptable for a non-U.S. citizen owner to be eligible for an SBA 7(a) loan?","url":"https://dealroom.so/for-lenders/questions/are-specific-visa-types-other-than-lpr-acceptable-for-a-non-u-s-citizen-owner-to-be-eligib"}]},"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 — LPR","url":"https://dealroom.so/glossary/lpr","source_type":"DealRoom Data"}}