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Basics of SME Loans
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Who offers VA small business loans?

Veterans' small business loans are distributed by all participants of the SBA loan programs. This means all governmental and private sector banks with other lending institutions provide loans to veterans who qualify. SBA has listed its local offices and CDCs on its web site for the benefit of loan seekers.

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However office of Veterans Business Development (OVBD) established under Public Law 106-50, Small Business Development Act of 1999 and the Veterans Entrepreneurship, in August of 1999 directs such as SBA, advisory committee on veterans' business and so on to train veterans who might be in need as a precursor to processing their loan applications. Veterans can get in touch with them through their (VBOC - veterans' business outreach program) regional offices in all five regions.


What options do small veteran businesses have?

Veterans are at liberty to start any business in which they have some degree of competence or they had been in prior to joining military. They can obtain training through various agencies of department of veteran administration wherever needed.

Getting small business loans for veterans should not be a problem. It is time the country paid its attention to the services these veterans rendered to their country. After all, there are still over 20 million veterans waiting to decide on starting a stable business and life.







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