India, Feb. 3 -- The US Small Business Administration (SBA) has updated a previously announced clause concerning small business ownership for enterprises owned by non-US citizens. This government agency, which assists "Americans in starting, building, and growing businesses," has reinforced US President Donald Trump's 'America First' initiative by releasing a new policy notice on Monday, February 2 (US time).

The SBA's modification of Standard Operating Procedure ("SOP") 50 10 8 Lender and Development Company Loan Programs guidance concerning businesses owned by non-US citizens is set to take effect on March 1, 2026.

Immigrants originating from India are likely to be one of the most impacted diaspora groups in the US, given that the Sou...