6 issues for $14.97 Subscribe Now
Subscribe via RSS Feed

The VetLoan Advantage Program Helps Veterans Start Businesses

[ 0 ] Nov. 11, 2013 | SBO Editor

Veterans who own small businesses can save up to $3,000 by tapping into the VetLoan Advantage program.  It’s a way of saying thanks to all veterans for their service, including those just re-entering the workforce.

The VetLoan Advantage incentives apply to several types of loans:

SBA-504 – used to purchase commercial/industrial buildings.  Vets can take advantage of a low-down payment (typically 10%), long-term fixed rates (now under 5%). CDC will issue a cash rebate up to $3,000 for any funded loan to help veteran owners offset loan expenses.

Contact a Loan Experts for more information on the SBA-504 Loan Program.

Community Advantage – provides up to $250,000 for working capital, equipment, inventory, tenant improvements and business acquisition.  CDC will waive the packaging fee for veterans, a savings of up to $2,500.

SBA Microloan – provides up to $50,000 for working capital, equipment, inventory, tenant improvements and business acquisition. CDC will waive the 2% loan fee for veterans, a savings of up to $1,000.

Tags: , , , , , ,

Category: Features