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Immigrant-Owned Businesses Take Loan Denial Fight to 9th Circuit

Jan. 13, 2021, 7:52 PM

A group of small businesses who claim their Emergency EIDL loan applications were wrongfully denied because their owners aren’t U.S. citizens or lawful permanent residents want the Ninth Circuit to block the U.S. Small Business Administration from continuing to implement alleged “immigration status” and “no amendment” policies.

The SBA disbursed more than $700 billion to more than 5 million small businesses nationwide in 2020. The SBA’s distribution of emergency Economic Injury Disaster Loans and Paycheck Protection Program loans came under scrutiny late last year, when national news organizations—including Bloomberg L.P.—won the right to review agency records detailing the borrowers’...

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