Green card holders will no longer be eligible for government-backed small business loans in the United States beginning March 1, 2026, following a policy change by the US Small Business Administration that tightens citizenship and residency requirements for borrowers. The revised rules limit access to key SBA lending programs exclusively to US citizens and nationals who maintain their principal residence within the country or its territories, effectively barring lawful permanent residents from participation. According to an official policy notice issued in early February, the agency updated its Standard Operating Procedure 50 10 8, the framework that governs lender and development company loan programs. The revision rescinds earlier procedural guidance that permitted limited ownership by foreign nationals or certain residents living outside the United States. Under the new language, every direct and indirect owner of a small business applicant must meet the citizenship criteria. The SBA said the updated rules require 100 percent of ownership interests in any applicant or borrowing entity to be held by eligible US citizens or nationals. As a result, even minority ownership by a legal permanent resident will disqualify a company from receiving SBA-backed financing. The policy applies broadly to applicants, operating companies, and entities tied to the loan structure, leaving little flexibility for mixed-ownership businesses. The change is expected to affect a wide range of small and early-stage firms that rely on SBA loans for working capital, equipment purchases, and expansion. Many startups and family-owned enterprises depend on these lending programs because they offer lower interest rates and government guarantees that make financing more accessible. With the new restrictions in place, businesses that include green card holders among their owners may need to reconsider ownership arrangements or seek alternative sources of credit from private lenders. Agency officials indicated that the revisions align loan eligibility standards with existing federal regulations and a recent executive directive emphasizing stricter residency compliance. The policy will take effect for all new applications submitted on or after the effective date. Existing and prospective borrowers are being advised to review their ownership structures carefully to ensure continued eligibility under the updated requirements. The move marks a significant shift in how federal small business lending programs define qualification, narrowing access to public funds and reshaping the financing landscape for immigrant entrepreneurs. As the implementation date approaches, legal and financial advisers expect increased demand for guidance from affected business owners who must evaluate their options within the new framework.

United Parcel Service announced Tuesday that it plans to eliminate approximately 30,000 positions during the current year as the company continues to wind down its longstanding business relationship with Amazon and executes a broader, multi-year turnaround strategy. The workforce reduction is expected to be driven primarily by lower shipping volumes connected to the gradual exit from Amazon-related operations. Speaking during a conference call with analysts following the release of

The Indian job market has evolved rapidly in the last decade, driven by technology, automation, and the global shift toward digital-first industries. As a result, Indian job seekers—especially freshers and young professionals—often face an important question: Is a traditional college degree still the best path, or do online bootcamps offer a faster, more effective route to employment? This article dives deep into both options to help Indian job seeke

Economic recessions often trigger a deep fear among professionals—the fear of losing their job. This fear is natural, but if not managed properly, it can affect mental well-being, confidence, productivity, and even performance at work. The good news is that job loss anxiety can be reduced with practical actions, mindset shifts, and strategic planning. This article provides a comprehensive guide on how to overcome fear of job loss in a recession and stay emotionally and professionally strong

Starbucks has officially unveiled its 2025 holiday cup collection, drink lineup, and festive bakery offerings, marking the return of one of the most anticipated annual traditions for coffee lovers. This year’s designs, according to the company, are meant to “invite all to linger in a space that feels authentically Starbucks,” capturing the warmth and nostalgia associated with the brand’s coffeehouse experience. The new cup designs blend the familiar Starbucks red and green p

Vreels, developed across the USA and India, is quickly making waves in the global social media landscape. Designed as a one-stop platform for creation, communication, and commerce, Vreels (Virtually Relax, Explore, Engage, Live & Share) merges short videos, chats, voice calls, photo sharing, and even e-commerce into a single, seamless experience. Available in 22 countries and currently in its beta phase, Vreels can be downloaded from both the Google Play Store and Apple App Store. The app

Global funding dynamics are shifting dramatically as artificial-intelligence (AI) startups gobble up a growing share of venture-capital (VC) investments. According to recent data, AI-related companies accounted for over half of all VC funding in early 2025, marking a major turning point in the tech investment landscape. The Numbers Tell the Story

President Donald Trump made an appearance at the Ryder Cup held at Bethpage Black on Long Island, creating a mix of excitement, protest, and logistical challenges for those in attendance. His visit drew large crowds of both supporters and opponents, each eager to make their voices heard during the high-profile golf event. While the Ryder Cup was already expected to attract thousands of spectators, the added presence of the President amplified the atmosphere, particularly in terms of security and

The highly anticipated launch of ticket sales for the upcoming World Cup has begun, offering soccer fans their first chance to secure seats for the tournament that will take place across North America next summer. The first wave of sales opened with a Visa presale at 11 a.m., giving cardholders priority access to select matches. Prices for group-stage tickets begin at $60, making some matches relatively affordable for fans. However, at the other end of the scale, tickets for the final match a

Arlington, Texas is moving forward with extensive plans to host matches during the 2026 FIFA World Cup, and the city council has outlined how it intends to balance security, community engagement, and business opportunities during the tournament. With the event set to bring thousands of international visitors to North Texas, the city is bracing for what is expected to be one of its most significant sporting and cultural experiences in recent history. Officials estimate that most inte

Labor Day 2025 is just around the corner, and while it’s a time to relax and enjoy the last days of summer, it’s also essential to plan ahead for the holiday’s impact on business hours and services. Unlike some federal holidays, Labor Day sees most stores remaining open, but with altered hours, and various services will be closed or operating on a limited schedule. Here's a comprehensive overview of what’s open and closed this year on

For Indian professionals in the United States, one of the most important career decisions is choosing between startups and multinational corporations (MNCs). Both paths offer unique advantages and challenges, and the choice can shape not only professional growth but also lifestyle, immigration stability, and long-term career opportunities. Understanding the differences helps in making an informed decision aligned with personal

​Igor Babuschkin, a founding member of Elon Musk’s artificial intelligence company xAI, has announced his departure to launch a new venture dedicated to AI safety and innovation. Babuschkin, who played a crucial role in building xAI from the ground up, revealed that he is starting Babuschkin Ventures to support research in artificial intelligence and invest in startups working on agentic systems aimed at benefiting humanity and exploring the mysteries o

Scaling a business is no longer just about expanding physical operations—it’s about leveraging technology to reach more customers, operate more efficiently, and innovate faster. Google Cloud AI is becoming a game-changer for businesses that want to scale without compromising quality, security, or speed. By combining powerful machine learning tools with the flexibility of the cloud, Google Cloud AI enables companies to grow strategically while keeping costs in check. One

Switching to a tech career from a non-tech background may seem intimidating, but it’s entirely possible — and thousands of professionals make the move every year. Whether you come from education, healthcare, finance, retail, or any other field, the tech industry offers opportunities that reward skills and problem-solving abilities over formal degrees. This guide will walk you through how to move from a non-technical to a technical role, step by step, with actionable st

Whataburger is marking a major milestone this August as the beloved Texas-based burger chain celebrates its 75th anniversary. To thank customers for decades of loyalty, the brand is offering a special promotion that allows fans to enjoy a classic Whataburger for just 75 cents. The celebratory deal will be available on August 8 from 11 a.m. to 8 p.m. local time, but it comes with a few important conditions. Each customer can claim only one 75 cent hamburger, and

A single block of Upshur Street NW in Washington, DC’s Petworth neighborhood has become a thriving example of community, culture, and entrepreneurship. Home to several Black women-owned businesses, this block stands out not only for its vibrancy but also as a model of how shared values, legacy, and mutual support can fuel success. As DC celebrates Black Business Month, this stretch of Petworth is getting well-deserved attention. Amid concerns over rising inflation and unpred

Chicago is set to experience a food trend unlike any other as Heinz teams up with Smoothie King to launch the world’s first tomato ketchup smoothie. Known for its culinary traditions and strong opinions on condiments, the city will soon witness an unusual twist that blends its iconic ketchup with the vibrant flavors of a smoothie. This innovative drink is set to be available only for a short period, starting August 6, and will be offered at select Smoothie King locations across Chicago,

In 2025, the world of work is evolving rapidly, and building a successful career requires more than just technical expertise. Adapting to changes in technology, work culture, and personal development is crucial to staying ahead in today’s professional world. Here are key strategies to help you navigate the future job market and build a thriving career. 1. Upskill Regularly As industries transform due to technological advancements, continuous learning is essenti

Winter brings with it the need for comforting, hearty, and warming food. In India, the winter season is synonymous with indulgent meals that are perfect for combating the cold. These dishes are full of rich flavors, spices, and ingredients that help keep the body warm, energized, and nourished. From hearty curries to stews, here are 10 Indian dishes that are perfect for winter, offering both nutrition and comfort for the soul.