On Monday, Fox News posted an article about a new policy announced by the U.S. Small Business Administration (SBA).

The article reports:

The U.S. Small Business Administration (SBA) announced a new policy that would ban foreign nationals and non-citizens from accessing its loan services — a continuation of efforts to refocus federal resources to ventures that align with American prioritization.

“The Trump SBA is committed to driving economic growth and job creation for American citizens,” SBA Administrator Kelly Loeffler said in a statement on Friday.

The requirement will apply to its Surety Bond and Microloan programs and is an expansion of changes made in February to the SBA’s 504 and 7(a) programs — loans for small businesses looking to finance working capital, equipment or acquisitions. Those earlier reforms prohibited SBA loans from going to businesses that are partially or wholly owned by foreign nationals.

Not only is this common sense, I suspect that the policy is totally the same as all other nations of the world.

The article concludes:

SBA framed its policy change as a way to protect its limited resources and loan capital.

“With our lending authority capped annually by Congress and amid record demand for access to capital, our responsibility is clear: the limited resource of SBA financing must prioritize American citizens who are building businesses and creating jobs here at home,” Loeffler said.

The expanded policy will go into effect 30 days after the agency’s announcement.

If your resources are limited, you tend to feed your own children first.