Loan
A new policy from the US Small Business Administration (SBA) will restrict green card holders from receiving business loans backed by the agency, effective March 1. The change impacts both existing and new borrowers and applies broadly to businesses with any ownership stake held by a green card holder. The policy reverses previous flexibility and […]
A recent LendingTree analysis highlights persistent disparities in small business financing. Black-owned businesses experienced the highest rejection rates for loans, lines of credit, and merchant cash advances in 2024, while Hispanic-owned businesses also faced significantly higher denial rates compared to white-owned businesses. Financing Rejection Rates by Business Ownership The LendingTree analysis found that 39% of […]
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