Richards Rodriguez & Skeith LLP
05/29/2026
❗ If your company relies on SBA 7(a) or 504 loans, a major shift in eligibility is now in effect as of late Q2.
The Small Business Administration has tightened the rules for noncitizen participation in the 7(a) and 504 loan programs.
If your company has international stakeholders, these new restrictions could mean the difference between a funded expansion and a flat-out denial.
Read the full breakdown of the new restrictions and how to protect your access to capital: https://na2.hubs.ly/H05grxS0
Restrictions Expand On Noncitizens In SBA Financing The SBA’s recent policy changes reflect a broader shift in how the agency is approaching eligibility requirements for federal lending programs.
In this video, Founding Partner Paul Skeith explores how Benjamin Franklin’s 18th-century errata and civic mindset offer a masterclass for the modern entrepreneur.
If you've read a classic that has shaped how you think about business, share it in the comments below. 👇
Are your interns truly exempt from minimum wage and overtime laws? 🤨
The Department of Labor’s primary beneficiary test evaluates three critical factors:
1️⃣ The degree of employer control
2️⃣ The quality of training provided
3️⃣ Whether the intern’s tasks displace the work of regular employees
If you are hiring interns from outside your home state (especially in Texas), the complexity doubles.
Watch Managing Partner Jim Howicz explain how to approach hiring outside of Texas:
https://na2.hubs.ly/H05gp_b0
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