{"ok":true,"canonical_url":"https://dealroom.so/glossary/permanent-resident","api_url":"https://dealroom.so/api/public/glossary/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":"permanent-resident","term":"Permanent Resident","group":"People and paperwork","definition":"This refers to an individual who has been granted the right to live permanently in the U.S. and can qualify for an SBA loan if they meet other eligibility requirements.","what_it_means":"If you are not a U.S. citizen but are a lawful permanent resident (holding a green card, Form I-551), you are eligible to apply for an SBA loan. You'll need to provide documentation to prove your status to the lender and the SBA.","url":"https://dealroom.so/glossary/permanent-resident","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-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":"key-principal","term":"Key principal","url":"https://dealroom.so/glossary/key-principal"}],"related_questions":[{"question":"Can a permanent resident apply for an SBA 7(a) loan?","url":"https://dealroom.so/sba-loans/basics/can-a-permanent-resident-apply-for-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":"Can a U.S. Green Card holder (Permanent Resident) be an eligible applicant for a 7(a) loan?","url":"https://dealroom.so/for-lenders/questions/can-a-u-s-green-card-holder-permanent-resident-be-an-eligible-applicant-for-a-7-a-loan"},{"question":"Do I need to be a US citizen or permanent resident to get an SBA 7(a) loan?","url":"https://dealroom.so/sba-loans/basics/do-i-need-to-be-a-us-citizen-or-permanent-resident-to-get-an-sba-7-a-loan"},{"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"}]},"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 — Permanent Resident","url":"https://dealroom.so/glossary/permanent-resident","source_type":"DealRoom Data"}}