The U.S. Small Business Administration (SBA) has recently made significant changes to its small business loan programs, including updates to citizenship requirements for beneficial owners and key employees. As we continue to raise concerns about these changes in Washington, read below to learn what these changes could mean for you and what to expect when applying for financing.

The U.S. Small Business Administration is reinstating the Guaranty (Upfront) Fee for all 7(a) loans starting March 27, 2025. These fees, previously suspended during the pandemic, will now increase the cost of borrowing for small businesses. To help you navigate these changes and choose the right SBA loan, we've outlined the key updates you need to know.