Before Sayuri Tsuchitani became an entrepreneur, she spent two decades on her feet: cutting, coloring and styling hair. A hairdresser's work is physically tough, and Tsuchitani often wondered how she'd manage as she grew older.
When the pandemic shut the Los Angeles salon where she worked, she recognized a chance to make a change: She applied for a loan from the U.S. Small Business Administration, or the SBA, for a business of her own.
"The SBA led me to my success of the American dream," said Tsuchitani, who took advantage of a pandemic-era funding program to open a Japanese head spa: a salon offering blood-flow massages, ayurvedic oil treatments and deep scalp cleanses. She launched one location, then two more; hired one worker, then nine more.
But today, the SBA would disqualify Tsuchitani from its loan program because of a new policy. Tsuchitani is a green-card holder, also known as a lawful permanent resident; she moved from Japan 28 years ago. And in March, the U.S. small-business agency, for the first time in its history, stopped approving loans to firms that are not fully owned by U.S. citizens — and only citizens.
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