Glossary · People and paperwork
L-1 Visa
In short
A non-immigrant visa allowing a U.S. employer to transfer an executive, manager, or specialized knowledge employee from one of its affiliated foreign offices to one of its offices in the United States.
What it means in a deal
While primarily for existing businesses transferring employees, an L-1 visa could be relevant if you're acquiring a business with international operations and plan to transfer personnel. For SBA loan eligibility, the key principal must be a Qualified Alien. Consult an immigration attorney to ensure compliance for both your visa and SBA requirements.
Official sources
13 CFR Part 120 — Business Loans
Office of the Federal Register · Federal regulation
Last checked 2026-06-15. Official sources control — verify before relying on any rule for a live deal.
Related terms
Common questions about L-1 Visa
- Are specific visa types acceptable for a non-U.S. citizen owner to be eligible for an SBA 7(a) loan?
- Is an individual without permanent resident status, but with a valid U.S. work visa, eligible for a 7(a) loan?
- Can a business owner with a valid E-2 investor visa meet the citizenship or residency requirements for a 7(a) loan?
- Can a non-U.S. citizen individual with an E-2 investor visa be an eligible applicant for a 7(a) loan?
- Are specific visa types, other than LPR, acceptable for a non-U.S. citizen owner to be eligible for an SBA 7(a) loan?
- What specific visa types, if any, are acceptable for a non-U.S. citizen owner to be eligible for an SBA 7(a) loan?
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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