At Prudent Lenders, we understand you’re tirelessly engaged in meeting the needs of your small business customers. Sometimes this involves assisting clients who aren’t U.S. citizens but who are in ownership or senior leadership positions with companies applying for U.S. Small Business Administration (SBA)-backed loans. In cases like these, we’re here to help.
Why does the SBA require eligibility clearances?
Using SBA loan products, a lender can support and mobilize a small business owner’s entrepreneurial ventures. This often results in stronger communities, economies and opportunities for underserved peoples and areas. These loans are particularly helpful for small business borrowers who don’t otherwise qualify for traditional bank loans–including non-U.S. citizens who live in the United States and want to open or expand their businesses in the U.S.
Prudent Lenders can help streamline the process for obtaining SBA-approved clearances, providing guidance and review of necessary documents along the way.
Who needs to be cleared by SBA for approval?
SBA requires all non-U.S. citizens be cleared by SBA prior to submission for approvals. This applies to Legal Permanent Residents as well as Resident Aliens.
How do I obtain a clearance?
Our step-by-step overview of the Non-U.S. Citizen Clearance Request Form will ensure the eligibility process is simpler for you and your clients.
Step 1: Collect required documents
You’ll need to collect the following documents from your borrower:
- Copy of the Immigration Documents: both sides of the Lawful Permanent Resident card; Resident Alien card; Employment card, or Visa card; and I-94 Form.
- Copy of the Form G-845: Prudent Lenders will prepare the Form upon receipt of immigration documents. This is submitted to SBA for review.
- Verification Request: Prudent Lenders will prepare this Form. The document is to be signed by the Applicant and returned to Prudent Lenders.
Step 2: Submit to the SBA
Prudent Lenders is not allowed to submit clearance requests on behalf of lenders. Lenders must register and submit all clearance documents. Please share all correspondence with your Prudent Lenders Relationship Manager.
To submit clearance requests to the SBA:
- Send an email to Sacramento504Register@sba.gov requesting registration permissions. Your registration allows you to check the immigration status on new SBA loan applicants. SBA will provide you with the necessary steps to register.
- Once registered, submit all documents (listed in step #1) as a single PDF to SacramentoAlienVerification@sba.gov. Submission is for clearance requests and status confirmations. You will receive an email response in three-to-four days providing results and clearances. Once received, please forward the SBA response email to your Prudent Lenders Relationship Manager.
- The information on all forms submitted for clearance must accurately match the applicant’s legal immigration document(s).
- Please send requested information from your registered e-mail address. If you are verifying multiple individuals, please send two separate e-mails (i.e. one e-mail and one attachment per individual).
- Requested documentation can only be accepted as a PDF file. A PDF file cannot exceed 12 MB.
- Once the verification is complete, an e-mail will be sent to you with the Department of Homeland Security (DHS) verification response, indicating whether subjects are lawful permanent residents. The Center’s email replaces the stamped copy of the verification received from DHS.
A perceptive partner
Prudent Lenders has a wealth of experience with citizenship clearances and other small business lending challenges. Our goal is to consistently deliver outstanding tools, services, guidance and training for offering SBA-backed loans to your clients. Need help? Get in touch today!