{"ok":true,"canonical_url":"https://dealroom.so/glossary/temporary-visa-holder","api_url":"https://dealroom.so/api/public/glossary/temporary-visa-holder","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":"temporary-visa-holder","term":"Temporary visa holder","group":"People and paperwork","definition":"This refers to individuals in the U.S. on a non-immigrant visa (e.g., H-1B, L-1). They are generally not eligible for SBA 7(a) loans, as the SBA requires permanent residency or citizenship.","what_it_means":"If you or a key principal are only a temporary visa holder, you will not meet the SBA's eligibility criteria for loan applicants. The SBA requires applicants to be U.S. citizens, non-citizen nationals, or Qualified Aliens (like green card holders) to secure a 7(a) loan.","url":"https://dealroom.so/glossary/temporary-visa-holder","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":"u-s-citizen","term":"U.S. citizen","url":"https://dealroom.so/glossary/u-s-citizen"},{"slug":"u-s-non-citizen-national","term":"U.S. non-citizen national","url":"https://dealroom.so/glossary/u-s-non-citizen-national"},{"slug":"green-card","term":"Green card","url":"https://dealroom.so/glossary/green-card"},{"slug":"qualified-alien","term":"Qualified Alien","url":"https://dealroom.so/glossary/qualified-alien"}],"related_questions":[{"question":"How does the SBA handle a temporary business closure during the acquisition transition?","url":"https://dealroom.so/sba-7a/questions/how-does-the-sba-handle-a-temporary-business-closure-during-the-acquisition-transition"},{"question":"What happens if the seller's note holder files for bankruptcy during my SBA loan term?","url":"https://dealroom.so/sba-7a/questions/what-happens-if-the-seller-s-note-holder-files-for-bankruptcy-during-my-sba-loan-term"},{"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":"What if the business I'm buying has a temporary decline in revenue during the due diligence period?","url":"https://dealroom.so/sba-7a/questions/what-if-the-business-i-m-buying-has-a-temporary-decline-in-revenue-during-the-due-diligenc"},{"question":"If the business I'm buying has a temporary decline in revenue during due diligence, will it kill the deal?","url":"https://dealroom.so/sba-7a/questions/if-the-business-i-m-buying-has-a-temporary-decline-in-revenue-during-due-diligence-will-it"},{"question":"If the business I'm buying has a temporary decline in revenue during the due diligence period, will it kill the deal?","url":"https://dealroom.so/for-lenders/questions/if-the-business-i-m-buying-has-a-temporary-decline-in-revenue-during-the-due-diligence-per"}]},"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 — Temporary visa holder","url":"https://dealroom.so/glossary/temporary-visa-holder","source_type":"DealRoom Data"}}