Glossary · People and paperwork
Permanent Resident
In short
This refers to an individual who has been granted the right to live permanently in the U.S. and can qualify for an SBA loan if they meet other eligibility requirements.
What it means in a deal
If you are not a U.S. citizen but are a lawful permanent resident (holding a green card, Form I-551), you are eligible to apply for an SBA loan. You'll need to provide documentation to prove your status to the lender and the SBA.
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 Permanent Resident
- Can a permanent resident apply for an SBA 7(a) loan?
- How does a lender verify the lawful permanent resident status of a non-citizen applicant?
- What specific documentation is required to verify a non-citizen owner's lawful permanent resident status?
- Can a U.S. Green Card holder (Permanent Resident) be an eligible applicant for a 7(a) loan?
- Do I need to be a US citizen or permanent resident to get an SBA 7(a) loan?
- How does a lender verify the "U.S. Citizenship or Lawful Permanent Resident" status on SBA Form 1919?
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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