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Business Loan Opportunities for Military Veterans in 2014

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Business Loan Opportunities for Military Veterans in 2014

By kmurray, Contributor and Moderator
Published: January 22, 2014 Updated: January 24, 2014

The service of veterans has done a tremendous amount for the United States – on our own soil and around the world. Many continue their contributions to the country by channeling their skills and leadership into entrepreneurial endeavors that help strengthen our economy.

And now through the rest of the fiscal year, SBA’s Express Loan Program will make it easier to get loans in the hands of veterans so they can succeed in their business ventures.

Loan fees

Through the end of September, SBA has set the borrower upfront fee to zero for all veteran loans authorized under the SBA Express program, which supports loans of up to $350,000.

Additionally through the end of the fiscal year, fees on all loans (and not just for veterans) $150,000 and under are set to zero. 

These initiatives make the loans cheaper for the borrower, which is just another way SBA is looking to serve small business owners – and those veterans who have served us – as they look for ways to access capital.

About the Express Loan Program

One great feature of the Express Loan Program is that it has an accelerated turnaround time for SBA review. You’ll receive a response to your application within 36 hours.

With a fast turnaround, streamlined process and easy-to-use line of credit, this program is SBA’s most popular loan delivery method – nearly 60 percent of all 7(a) loans over the past decade being authorized through the program. Since the program began, it has also been one of the most popular delivery methods for getting capital into the hands of veteran borrowers.

Getting started

Interested in exploring loan options to get your business started? Check out these loans that fall under Express Program standards. Our business loan checklist can also help prepare you for the application process, in addition to taking a look at the credit factors lenders will consider when you apply for an SBA-backed loan.

In the transition from military service to customer service, you’ll find great resources from SBA to help you find success. And if you’re looking for funding to get your business off the ground, these loan perks may make it possible to do just that.

Related Resources

About the Author:

kmurray
Katie Murray

Contributor and Moderator

I am an author and moderator for the the SBA.gov Community. I'll share useful information for your entrepreneurial endeavors and help point you in the right direction to find other resources for your small business needs. Thanks for joining our online community here at SBA.gov!

Comments:

Have you been searching for how to get access to a private lender? Have you been worried how to get out of debt? Are you a business man and you need to start a new business or expand an existing one? There is hope for you because this is a private company that offers cheap loan at cheap rate of 3%. We lend as high as 25 million euros. We are government approved and our services are clear, fast and guaranteed. Contact us at Email: [peterwilliams@caramail.com].
How do i go about getting a small business loan to get my own trucking company .one truck to start out with and yes I am a Vietnam veteran please help thanks.
HOW TO GET A FAST AND RELIABLE LOAN FROM A GENUINE LOAN COMPANY AT 3% INTEREST RATE. How i got my Desired Loan Amount from a Reliable Loan Company (BRANDON LOAN COMPANY) Hello everyone, My name is Seana Anderson, I am from the Ohio, United State, am here to testify of how i got my loan from BRANDON LOAN COMPANY after i applied two(2) times from various loan lenders who claimed that they will willhelp me get a business loan, i thought their lending was real and i applied but they never gave me loan until a friend introduced me to BRANDON LOAN COMPANY, who promised to help me with a loan of my desire and they did as promised without any form of delay, I had doubts but i never seize to believe. I never thought there are still reliable loan lenders until i contacted this loan company were i got a loan of $75,000.00 which i used to expand my business. Be informed that this compant is 100% genuine and customer's satisfaction is our greatest priority. Note all replies should be sent to the Company Email: brandonfunds@fastservice.com Company Email Address: brandonfunds@fastservice.com Phone Number: +1(315) 309-5179 SMS ALLOWED call for details. Sincerely, Mr. Meyer Nitt. Loan Officer / C.E.O
Have you been searching for how to get access to a private lender? Have you been worried how to get out of debt? Are you a business man and you need to start a new business or expand an existing one? There is hope for you because this is a private company that offers cheap loan at cheap rate of 3%. We lend as high as 25 million euros. We are government approved and our services are clear, fast and guaranteed. Visit us at Email: [info.jaafarlending@gmail.com]. Website: [http://jaafarlending44.wix.com/jaafarlendingfirmplc]
I am a retired Vet and Wondering if there is a loan that provides 100% financing. I'm looking to buy an established business.
Have you been searching for how to get access to a private lender? Have you been worried how to get out of debt? Are you a business man and you need to start a new business or expand an existing one? There is hope for you because this is a private company that offers cheap loan at cheap rate of 3%. We lend as high as 25 million euros. We are government approved and our services are clear, fast and guaranteed. Visit us at Email: [info.jaafarlending@gmail.com]. Website: [http://jaafarlending44.wix.com/jaafarlendingfirmplc]
Retired Vet. with 70% disability and good credit. Would like to know about 100% financing on a loan to buy a business that has a good history on sales, or to start up a franchise.
Hi Katie, What is out there now for vets and a small business loan
My husband wans to start a group home for veteran he is a vet as well . My husband needs capital to get the homes what loans can he get and how much.
I am a 100% service connected vet...I have been in and out of homeless and substance abuse centers for several years. At one time I was a federal corrections officer.I would like to give back the help that I received.I know I can help others to overcome this sickness while I provide a home and a safe environment. I see people every day that I need to help and it breaks my heart that I can not. I was taught that we leave NOBODY behind. How can I do this???

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