SBA Update: Loans down, eligibility rule barring green card holders, and size standards
SBA approvals are down 18% in 2026 compared to 2025. Loans are down because the SBA had to fix a lot of the problems coming out of the Biden administration. Namely, lax underwriting, which led to delinquencies, and expanding the programs to some lenders that should not have had access. SBA loans to specialty trade contractors fell 22% through mid-2026 due to a new eligibility rule barring green card holders. Furthermore, the SBA has proposed changes to NAICS codes and lifting size limits for what is considered a small business. Both proposals are horrible and should not move forward. This…
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