Glossary · People and paperwork
Form I-551(Permanent Resident Card)
In short
Form I-551 is the official document proving lawful permanent resident status in the U.S., commonly known as a Green Card. If you are a permanent resident, this card is essential for demonstrating your eligibility for an SBA 7(a) loan.
What it means in a deal
Lenders require proof of U.S. citizenship or lawful permanent residency for all principals guaranteeing an SBA loan. Your Form I-551 serves as this proof. Make sure your card is valid and unexpired as part of your borrower documentation package.
Official sources
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.
Related terms
Common questions about Form I-551
- What is the primary purpose of SBA Form 1919, 'Borrower Information Form'?
- When must an applicant update their SBA Form 1919, Borrower Information Form, during underwriting?
- When is an Environmental Questionnaire (Form 1081) sufficient for real estate collateral, without a Phase I ESA?
- When is an Environmental Questionnaire (SBA Form 1081) sufficient for real estate collateral, without a Phase I ESA?
- What is the primary purpose of SBA Form 1919 (Borrower Information Form) in 7(a) loan processing?
- What is the importance of the SBA Form 1919 (Borrower Information Form) in the 7(a) loan application process?
Defined by CapBench 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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