{"ok":true,"canonical_url":"https://dealroom.so/glossary/permanent-resident-status","api_url":"https://dealroom.so/api/public/glossary/permanent-resident-status","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-status","term":"Permanent Resident Status","group":"People and paperwork","definition":"This refers to your official status as a lawful permanent resident of the U.S. (e.g., Green Card holder). It's a critical SBA eligibility requirement for foreign national borrowers.","what_it_means":"If you are a foreign national, you must provide proof of permanent resident status (Form I-551, Green Card) to be eligible for an SBA loan. Lenders will rigorously verify this during the underwriting process. Without it, you cannot be an eligible borrower for an SBA 7(a) loan.","url":"https://dealroom.so/glossary/permanent-resident-status","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"}],"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":"declaration-of-intent","term":"Declaration of Intent","url":"https://dealroom.so/glossary/declaration-of-intent"}],"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":"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-"},{"question":"Is an individual without permanent resident status, but with a valid U.S. work visa, eligible for a 7(a) loan?","url":"https://dealroom.so/for-lenders/questions/is-an-individual-without-permanent-resident-status-but-with-a-valid-u-s-work-visa-eligible"}]},"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 Status","url":"https://dealroom.so/glossary/permanent-resident-status","source_type":"DealRoom Data"}}