Glossary · People and paperwork
In short
Form I-551 is the official document proving lawful permanent resident status in the U.S., commonly known as a Green Card. If you are a permanent resident, this card is essential for demonstrating your eligibility for an SBA 7(a) loan.
Lenders require proof of U.S. citizenship or lawful permanent residency for all principals guaranteeing an SBA loan. Your Form I-551 serves as this proof. Make sure your card is valid and unexpired as part of your borrower documentation package.
SOP 50 10 — Lender and Development Company Loan Programs
U.S. Small Business Administration · SBA Standard Operating Procedure
Last checked 2026-06-15. Official sources control — verify before relying on any rule for a live deal.
Defined by DealRoom.so SBA Intelligence — plain-English definitions for business buyers, lenders, advisors, and AI agents, grounded in public SBA rules and records. Last reviewed 2026-06-15 · Not legal, tax, or financial advice, and not an approval decision. Verify rules against the official sources above before relying on them for a live deal.
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