Welcome back to The BDO Show—where deals get funded, policy changes drop like bombs, and no borrower (or lender) is truly safe.

🚨 The SBA just shook things up—again. In a surprise rule change, foreign nationals can no longer own any percentage of an SBA-funded business. Effective immediately, every SBA borrower must be a U.S. citizen or green card holder.

What does this mean for borrowers, lenders, and entire industries like hospitality? And is this a smart move—or a step in the wrong direction?

Join Emily Detor, Ryan Kroge, and Sterling Birdsong as they break down:

🔥 The immediate impact on SBA deal pipelines 💰 Why some lenders see this as a win—and others don't 🤔 How entrepreneurs will find new (and legal?) ways to adapt 🛑 The unintended consequences (silent partners, anyone?) 📉 What this means for immigration, business ownership, and the American Dream

Oh, and we're also talking tariffs—because why not stir the pot even more? Will they help American businesses or just make everything more expensive?

This episode is packed with insights, hot takes, and maybe even a little controversy—so don't miss it!

👉 What do you think—good move or bad for the SBA program? Share your thoughts in the comments or email us at [email protected].

📺 Don't forget to like, subscribe, and hit the bell so you never miss an episode!

🎙This episode is sponsored by:

Rapid Business Plans

Rapid Business Plans is the go-to provider of business plans and feasibility studies for government guaranteed small business lenders. For more information, or to set up a Get Acquainted call go to https://rapidbusinessplans.com/art-of-sba

Peak Business Valuations

Peak Business Valuation has put together a free valuation resource for The BDO Show listeners that lists out the rule of thumb formulas for some of the most common industries in SBA lending.

Get your free valuation resource today by going to https://peakbusinessvaluation.com/get-your-free-valuation-resource/

The BDO Show is hitting the road. We will be speaking at the Mid America SBA Lending Conference in Houston on April 15th. Go to https://malc-conference.com for more information. This will be a live show you won't want to miss!