Corporate

Effective March 1 of this year, the Small Business Administration (“SBA”) implemented a significant change to its loan eligibility requirements, barring green card holders and other non-U.S. citizens from applying for or receiving SBA loans. The new rule applies immediately to the SBA 7(a) and 504 loan programs. Beginning April 1, 2026, the policy will be extended to the Surety Bond and Microloan programs. Under recent, prior SBA guidance, a small business could still remain eligible for SBA financing if up to 5% of its ownership was held by a foreign national or lawful permanent resident. That policy has now […]

A federal appeals court ruled on Friday that President Trump’s attempt to bypass Congress and impose sweeping tariffs on foreign products was unlawful. The Trump administration had argued that import duties are necessary to strengthen the U.S. economy, but the U.S. Court of Appeals for the Federal Circuit ruled 7-4 that the Trump administration went too far when he declared national emergencies to justify tariffs on other countries writing that “it seems unlikely that Congress intended to… grant the President unlimited authority to impose tariffs.” The ruling did not take effect immediately and provided the administration time to appeal to […]