The U.S. Small Business Administration has authorized fee relief to help support veterans and eligible members of the military community establish or expand a business.
The SBA has eliminated the upfront SBA guaranty fee on SBA Express Loans to veterans and those who qualify as a veteran* in the military community. For all SBA Express loans to qualified veteran-owned businesses, the upfront guaranty fee will be 0% up to the maximum loan amount of $350,000.
Get More Veteran-Owned Business Resources for starting, growing and running your business from SBA.gov »
*To qualify, the business must be 51% or more owned and controlled by an individual(s) in one or more of the following groups: Veterans (other than dishonorably discharged), Service-Disabled Veterans, Active Duty Military service member participating in the military's Transition Assistance Program (TAP), Reservists and National Guard Members, Current spouses of any of the previously listed and widowed spouses of a service member or veteran who died during service or of a service-connected disability.