Business Loans for Veteran-Owned Businesses
Financing solutions for veterans and military business owners
- SBA Veteran Advantage fee waivers available
- Lenders who honor your service with dedicated programs
- Funding as fast as same business day
At a Glance
Business Loans for Veteran-Owned Businesses
Veterans bring exceptional discipline, leadership, and resilience to entrepreneurship — and deserve access to capital that honors their service. Approvd connects veteran-owned businesses with lenders who have specific programs and reduced fees for veterans, including SBA Veteran Advantage loans and mission-aligned lenders who prioritize the veteran business community.
Best Loan Options for Veteran-Owned Business
We match you to the right product based on your specific situation — not just credit score.
SBA Financing
SBA Veteran Advantage program waives upfront loan fees for eligible veteran-owned businesses — potentially saving thousands
Business Term Loan
Straightforward financing with predictable fixed payments for growth, equipment, or expansion
Revenue-Based Financing
Fast capital with flexible repayment — no rigid fixed payments, ideal for businesses with variable revenue
Business Line of Credit
Revolving credit for ongoing operational needs without committing to a fixed long-term loan
Tips to Improve Your Approval Odds
Pursue VOSB/SDVOSB Certification
Veteran-Owned Small Business (VOSB) or Service-Disabled Veteran-Owned Small Business (SDVOSB) certification opens access to federal contracting set-asides worth $25B+ annually.
Use the SBA Veteran Advantage Program
SBA Veteran Advantage reduces or eliminates the SBA guarantee fee — ask your lender specifically about this program when applying through Approvd.
Contact a VBOC
Veterans Business Outreach Centers (VBOCs) provide free business counseling, training, and application preparation support for veteran entrepreneurs.
Leverage Your Military Training
Lenders often view military background positively — the discipline and leadership associated with military service can be highlighted in your application narrative.
Minimum Requirements
General requirements across our lender network. Actual requirements vary by product and lender.
See Your Options — Free
Our free 5-minute application matches you with lenders who specialize in your situation.
- No hard credit pull to check options
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Frequently Asked Questions
Are there specific business loans for veterans?
Yes. The SBA Veteran Advantage program reduces fees on SBA 7(a) loans for veteran-owned businesses. Several lenders in Approvd's network also have specific veteran lending programs. Additionally, organizations like StreetShares and Hivers & Strivers focus specifically on veteran entrepreneurs.
What is the SBA Veteran Advantage program?
SBA Veteran Advantage waives the upfront guarantee fee on SBA 7(a) loans under $150,000 for veteran-owned businesses. For larger loans, the fee is significantly reduced. This can save veteran entrepreneurs thousands of dollars compared to standard SBA loans.
Do I need to prove my veteran status to apply?
Not for standard business loans. For veteran-specific programs, lenders will request proof of military service (DD-214 or equivalent). VOSB/SDVOSB certification requires verification through the VA's CVE program.
Can active duty military members get business loans?
Active duty service members can apply for business loans for businesses they own. The Servicemembers Civil Relief Act (SCRA) also caps interest rates at 6% on pre-service obligations. Speak with a Approvd advisor about your specific situation.
Rate Disclosure: APR and total cost of capital vary by lender, loan type, credit profile, and other factors. Rates shown are representative examples only and do not constitute an offer. Actual rates are determined by lenders at the time of application. Applying does not guarantee approval or any specific rate or term.
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