Glossary · People and paperwork
LPR(Lawful Permanent Resident)
In short
A non-citizen who has been granted the right to live permanently in the U.S., often referred to as a 'Green Card' holder. LPRs are eligible for SBA loans.
What it means in a deal
As an LPR, you are generally eligible to apply for an SBA 7(a) loan, provided you meet all other SBA eligibility and creditworthiness requirements. You'll need to provide proof of your LPR status, typically your Form I-551 (Green Card), to the lender during the application process. This confirms your legal right to own and operate a business in the U.S.
Official sources
13 CFR Part 120 — Business Loans
Office of the Federal Register · Federal regulation
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 LPR
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.
Know what you'll need before you apply
Tell us about the deal and who's buying — we'll flag the guaranty, eligibility, and paperwork issues that slow SBA approval before they cost you time.
Free · No documents · Usually same-day
Backed by data on 1,000+ SBA lenders and 300,000+ funded deals. Your details go only to lending partners you ask to be matched with — never sold to advertisers.