American Entrepreneurs First Act of 2025

This bill changes who can get SBA small business loans and what paperwork is required. It applies to the main SBA loans (7(a) and 504). Applications must include the applicant’s date of birth and a certification that the individual applicant—or every owner of a business applicant—is a U.S. citizen, U.S. national, or lawful permanent resident. If any owner is a lawful permanent resident, their alien registration number must be provided. The application must also certify that no owner is an “ineligible person.” Applications filed after the law takes effect that don’t include this info are denied .

The bill also makes certain people ineligible for these loans: asylees, refugees, people issued a visa, people legally classified as nonimmigrants, people who received DACA, and people without lawful status in the U.S. .

• Who is affected: Small business owners seeking SBA 7(a) or 504 loans.
• What changes: More identity and citizenship status paperwork; business applicants must be fully owned by citizens, nationals, or lawful permanent residents; certain immigration categories are not eligible.
• When: Applies to applications submitted after the law is enacted.