Overview
- The Small Business Administration (SBA) announced new regulations requiring citizenship verification for loan applicants to ensure only legal residents can access its programs.
- The SBA will relocate six regional offices from sanctuary cities, including Boston, New York City, and Seattle, to areas more aligned with federal immigration policies.
- The policy changes align with President Trump’s executive order aimed at ending taxpayer-funded benefits for undocumented immigrants.
- An internal SBA audit previously identified a case where a loan application involving an undocumented individual was approved but later blocked before funds were disbursed.
- SBA Administrator Kelly Loeffler emphasized the agency's commitment to prioritizing legal small business owners and ensuring compliance with immigration laws.