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FEDERAL
SBA Veterans Advantage 7(a) Loan Program
SBA-guaranteed loans up to $5 million with waived or reduced upfront guarantee fees for veteran-owned businesses including service-disabled veterans.
About this program
The SBA 7(a) Veterans Advantage program waives upfront guarantee fees on loans up to $350,000 for service-disabled veterans and reduces fees on larger loans. Funds can be used for working capital, equipment, real estate, debt refinancing, and business acquisition. Loans up to $5 million with terms up to 25 years for real estate and 10 years for working capital.
Eligibility
Business must be at least 51% owned and controlled by veterans (including service-disabled veterans), active-duty service members in TAP, reservists, National Guard members, or current/widowed spouses of eligible veterans.
Requirements
- 51% veteran ownership
- Honorable discharge documentation (DD-214)
- VA disability rating letter for SDVOSBs