Glossary · People and paperwork
Temporary visa holder
In short
This refers to individuals in the U.S. on a non-immigrant visa (e.g., H-1B, L-1). They are generally not eligible for SBA 7(a) loans, as the SBA requires permanent residency or citizenship.
What it means in a deal
If you or a key principal are only a temporary visa holder, you will not meet the SBA's eligibility criteria for loan applicants. The SBA requires applicants to be U.S. citizens, non-citizen nationals, or Qualified Aliens (like green card holders) to secure a 7(a) loan.
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 Temporary visa holder
- How does the SBA handle a temporary business closure during the acquisition transition?
- What happens if the seller's note holder files for bankruptcy during my SBA loan term?
- Can a U.S. Green Card holder (Permanent Resident) be an eligible applicant for a 7(a) loan?
- What if the business I'm buying has a temporary decline in revenue during the due diligence period?
- If the business I'm buying has a temporary decline in revenue during due diligence, will it kill the deal?
- If the business I'm buying has a temporary decline in revenue during the due diligence period, will it kill the deal?
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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