Glossary · People and paperwork
In short
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.
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.
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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