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Green-card holders no longer qualify for loans from the Small Business Administration, eliminating a longtime source of financing for immigrants that advocates say will discourage job creation and harm the economy.

bit.lyBig change for California small businesses: No more SBA loans for non-citizensGreen-card holders no longer qualify for loans from the Small Business Administration, eliminating a longtime source of financing for immigrants that advocates say will discourage job creation and harm the economy.

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....and because of the 4% of loans given to Green Card holders is just too much and citizens need those loans. Remember also when Trump 45 sued an African American Women's business group working on securing small business loans for other Black women to start businesses. The cruel hubris.

Bit this administration is *trying* to destroy the economy. They have all your money. Why should they let you have any of it?

Small Business set-asides used to be a noticeable chunk of Fed Acquisition training in terms of emphasis. Even during Trump's first term. That emphasis no longer is there with the FAR overhaul. Let's just say that I expect the SBA's attitude to be reflected for minority-owned, HBCU, and women

It's like they hired consultants to tell them how to ruin America as quickly as possible with the most devastating and permanent consequences. So far, they're succeeding and I can't wait to see them feel the pain at the ballot box.

They're re-enacting Nazi Germany with a different scapegoat group. We're in 1935ish. But they're speed running it with all the warehouse purchases for prison camps.

America: where cheap labor and exploitation is welcome; taking care of those who labor? Care? What care? And this from a nation literally built by the blood, sweat, and tears of immigrants and the enslaveed. It doesn't get more fucked up than that.

The AP would better serve its readers to draw the parallels between these obviously racist policies that will harm the US economy and the Nuremburg Laws and other anti-Semitic policies put in place in Germany in 1933-1935. And perhaps question why so many warehouses are being bought for prisons.

Cutting lawful residents off from capital doesn’t strengthen an economy, it narrows it. When policy excludes people already working, paying taxes, and building businesses, it risks turning growth into gatekeeping instead of opportunity.

I can't wait to see the wonderful businesses the moronic MAGA supporters will create. Soon they will be the only ones having any rights. It will be astonishing...oh wait, they don't know what a business is? But they have Donald Trump as a success model? Donald Fuckin Trump! How wrong can they go?

I am not surprised. Our government now is openly Christian Nationalist and does not care who it harms in their mission reorder our society. If they have their way, pretty soon women will not be able to get loans, buy property or vote.

Wow, incredibly stupid move. So many immigrants form small businesses. Successful small business that fuel the economy, create jobs, generate tax revenue, deliver value to their communities. We have the most ignorant, self-harming clowns running our government.

The SBA has historically awarded 10% of it's dollars to green card holders, these businesses are mostly central valley in California. The figure nationwide is closer to about 6%. A case can be made for either as no studies have been made on effectiveness or bias. SBA doesn't provide public data.

So why are the dumpy white supremest, christian nationalist turds allowed to negatively dictate societal norms that have allowed to attract risk takers and entrepreneurs that built this country into the former powerhouse it used to be? Bigotry and Racism, coupled with fealty to Ru, Is, PRC, NK, etc.

It’s amazing how eager Trump & co. are to set the economy on fire and screw over its own voters if it means hurting immigrants just a little bit more

Green-card holders no longer qualify for loans from the Small Business Administration, eliminating a longtime source of financing for immigrants that advocates say will discourage job creation and harm the economy.

“This move will harm immigrants, destroy businesses, eliminate jobs, shrink local economies and make things harder on everyone, including your own supporters.” “You had me at ‘harm immigrants’.”

Green-card holders no longer qualify for loans from the Small Business Administration, eliminating a longtime source of financing for immigrants that advocates say will discourage job creation and harm the economy.

This is exactly the kind of cruelty republicans wanted in the first place. The overall economy doesn't matter to them, as long as the people who aren't like them are suffering, it doesn't matter how much they suffer too.

So much for the "COME HERE LEGALLY YOU FILTHY FOREIGNERS IF YOU WANNA BECOME AMERICAN!!!" bleatings from the 4th ReichSwine. They want a White Male Americans Only ethnostate. When someone shows their ass, believe them.

Yup, my loan was denied because the bank waiting until after the holiday break to submit the paperwork. They were unaware of this change. This also affected my US Citizen business partner.

It's so weird. They want to enjoy the bully powers of the USA while destroying whatever economy and relationships that power depended up. The US used to drag in 25% of world GDP despite being 4% of global population .. and T called that "a rip off" and Republicans cheered that. Wtf?

They literally didn't understand how the world works. They know only the rules of the games they play with other privileged shits, because they don't actually suffer any ill effects from their decisions.

GOP has decided that we’ll never be able to pay off our deficit (debt to international sources) unless we bankrupt the country. What amazes me is how much $ these fktards are making while destroying everything. Their golden parachutes need to be stripped away.

The legislators have access to economic data that we don't .. but instead they seem to get their cues from Fox Noise, which tells them the machinery of the government is a bloated liberal deep state that needs to be cut everywhere. "Not running for re-election" is how most will slink away :(

How stupid and short sighted. Immigrants have always contributed to economic growth in this country. Many successful businesses have been founded by immigrants. The self harm inflicted by this irrational racism and xenophobia is utterly unnecessary and profoundly stupid.

The Tibetan people choose their leaders based on personal qualities such as honesty, reliability, ethics, responsibility, respect, transparency, and courage; in short, they are chosen for their integrity. All peoples in the world would benefit from doing the same.

Democrats to republican voters: “Vote for me I’ll offer you health insurance, increase your pay, give your kids good education.” Republicans:”I won’t make your lives better. Y’all can suffer I don’t give a shit but I’ll deport people of color.” Republican voters:”Hell yeah I’m voting Republican.”

Adam Serwer@adamserwer.bsky.social

They’d rather the country be poorer and whiter than rich and diverse. Of course when the pie shrinks, the rich will demand the same amount and will tell you the crumbs you’re left with are because of immigrants or trans people or DEI. bsky.app/profile/apne...