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Nydia Velazquez: “The SBA has changed its citizenship rules four times since…”

Featuring: Nydia Velazquez, Democratic | U.S. House New York, District 7

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Published | Video Starts at 09:11

But even if a small stake is held by a lawful permanent resident or other non citizen, that business is shut out of SBA lending and surety bond programs. The SBA has changed its citizenship rules four times since the start of the second administration. Four times. Lenders do not know what to do. Borrowers don't know if they qualify. The ruddy approach is creating chaos. For Main Street. Lending is drying up and small businesses are paying the price. (09:11–09:21)

CLAIM

Asserts that the SBA changed its citizenship rules four times since the start of the Trump administration.

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