SBA loans – 9xm News

Green Card holders won’t get SBA loans in US from March 1: What this new rule means for Indians

The Small Business Administration (SBA) announced that from March 1, they will not give loans to those businesses that are not owned by US citizens. Businesses owned by legal permanent residents, Green Card holders, will not get this loan. The new policy note said 100% of all direct and indirect owners of a loan applicant […]

Viral post claims Indian-American hotel owners received $1.6 million in ‘small business’ loans: ‘We were sold out’

A viral post on X has stirred a row among Ohio residents, claiming that a hefty $1.677 million Small Business Administration (SBA) loan went to Indian hotel owners. This raised questions over how American taxpayer dollars are spent amid rising property taxes in the state.The user wrote: “Here’s where your Ohio tax dollars are going. […]

Viral post claims Indian-origin Chan Patel’s State Bank of Texas only serves Indians; social media asks ‘where is the fraud?’

A social media post claiming that the State Bank of Texas only helps Indians as its leadership team is full of Indias went viral at a time when India-hate has become mainstream for US social media users. “The State Bank of Texas, run entirely by an all-Indian leadership team, funnels SBA loans almost exclusively to […]