Policy updates to comply with Executive Order 14159 regarding citizenship requirements for obtaining 7(a) and 504 loans

The purpose of this Notice is to revise Standard Operating Procedure (SOP) 50 10 7.1 for 7(a) Lenders and 504 Certified Development Companies (SBA Lenders) to comply with section 20 of 90 FR 8443, “Protecting the American People Against Invasion,” issued under the authority of the Immigration and Nationality Act (INA) (8 U.S.C. § 1101 et seq.) and section 301 of title 3, United States Code. Executive Order 14159, “Protecting the American People Against Invasion,” The Executive Order directs SBA to identify and stop the provision of any public benefits to any illegal alien not authorized to receive them under the provisions of the INA or other relevant statutory provisions.