How smallbusiness loans got caught in Trumps immigration crackdown
News Source : NPR
News Summary
- Small-business loan helped Sayuri Tsuchitani open her own storefront: a Japanese head spa.
- But today, she wouldn't qualify because the Small Business Administration has dramatically changed its lending policy.
- The change is part of the quieter side of the Trump administration's push to discourage immigration.
- The SBA did not respond to NPR's questions about the potential impact of its policy on future job and business creation in the u.s. The agency's small-business loans "are for American citizens, and we're unapologetic about it," Kelly Loeffler said.
Sign up for the Planet Money newsletter. The world is confusing. Economics can help.
Never miss a story from us, subscribe to our newsletter