Loan Options Specifically Designed for Veteran-Owned Businesses
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Loan Options Specifically Designed for Veteran-Owned Businesses

Veterans bring leadership, discipline, and resilience to the business world. But like any entrepreneur, access to capital is key to launching, expanding, or stabilizing a company. Fortunately, there are loan options specifically tailored to support veteran-owned businesses. From low-interest SBA programs to nonprofit lenders, veterans have access to unique funding opportunities built with their service and business goals in mind.

Why Choose Veteran-Specific Loans?

Veteran-focused loan programs often include:

  • Competitive interest rates

  • Lower fees or waived guarantee charges

  • Flexible eligibility criteria

  • Business training and mentorship alongside capital

  • Streamlined applications for military service members and spouses

These benefits are designed to help veteran entrepreneurs transition successfully from service to self-employment.

Top Loan Options for Veteran-Owned Businesses

SBA 7(a) and SBA Express Loans (with Veteran Incentives)
The SBA doesn’t offer loans directly, but it guarantees a portion of loans made by approved lenders. Veteran-owned businesses can apply for:

  • SBA 7(a) Loans: Up to $5 million for working capital, real estate, or equipment. Veterans may qualify for reduced guarantee fees.

  • SBA Express Loans: Faster approvals (within 36 hours), with loans up to $500,000. The SBA guarantees up to 50%.

Veteran-owned businesses also receive priority processing on Express applications.

SBA Veteran Advantage Program (Currently Integrated into 7(a))

Previously known as the SBA Veterans Advantage, this program is now folded into SBA 7(a) and Express loans. Key benefits:

  • Fee waivers for loans under $500,000

  • Available to veterans, service-disabled veterans, reservists, National Guard members, and their spouses or widows

This lowers the total cost of borrowing, making it ideal for startups and small expansions.

Military Reservist Economic Injury Disaster Loan (MREIDL)

This unique SBA disaster loan provides funds to small businesses when an essential employee (often the owner) is called to active duty.

Key details:

  • Loans up to $2 million

  • Interest rates around 4%

  • Terms up to 30 years

  • Must demonstrate economic injury directly tied to the call-up

It’s a safety net that protects veteran-owned businesses during active service interruptions.

StreetShares Foundation and Veteran Business Bonds

StreetShares is a veteran-run financial platform offering both traditional business loans and grants.

  • Loans from $2,000 to $250,000

  • Short-term and working capital options

  • Competitive rates for veterans with good credit

  • May include access to the Veteran Business Grant Program, where select businesses receive non-repayable funds

StreetShares is built to serve military-affiliated businesses, often looking at character and mission—not just credit scores.

LiftFund Veteran Loan Program

LiftFund is a nonprofit that offers microloans and training programs to underserved entrepreneurs, including veterans.

  • Loans from $500 to $500,000

  • Low interest rates, flexible terms

  • No prepayment penalties

  • Business guidance, financial education, and mentoring included

LiftFund operates in select states—check their coverage before applying.

Hivers and Strivers Angel Fund

For veteran-owned startups, especially those with high-growth potential, Hivers and Strivers is a unique source of funding.

  • Angel investing group focused on West Point, ROTC, and military academy grads

  • Provides capital in exchange for equity (not a loan)

  • Ideal for tech, health, and service-driven ventures

While not a loan, it’s a valuable option if you’re scaling a high-growth veteran-owned business.

7-Step Checklist to Secure a Veteran Business Loan

  1. Verify eligibility (DD-214, military ID, or spouse documentation)

  2. Determine funding needs: startup costs, working capital, equipment, etc.

  3. Choose the best loan type (SBA, nonprofit, short-term)

  4. Gather financial documents (business plan, tax returns, credit report)

  5. Apply through approved lenders or SBA partners

  6. Explore additional training or mentorship opportunities

  7. Track usage and ROI of funds to prepare for repayment or refinancing

Helpful Resources for Veteran Entrepreneurs

Conclusion: You Served Your Country—Now Let Your Country Serve Your Business

Veteran-owned businesses are vital to the American economy. With special loan programs, waived fees, and dedicated resources, veteran entrepreneurs can access the capital they need to launch and lead. Whether you're just starting out or ready to scale, there's a funding solution designed with your service—and your success—in mind.
Mariela Merino

About Author: Mariela Merino

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