Now, with the stroke of a pen, this administration is telling these entrepreneurs in unambiguous terms that they are not welcome. And make no mistake, this policy hurts American small businesses. Under the Trump administration, a business can be 95% owned by US citizens. 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. (08:47–09:12)
CLAIM
Asserts that businesses with any non-citizen ownership are excluded from SBA lending under the Trump administration.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
