A Commitment to Veteran-owned Small Businesses
Our military veterans possess traits that make them successful entrepreneurs and small business owners; things like motivation, discipline, focus, resilience, strategic orientation, and team orientation - to say nothing of having accomplished ambitious goals with the weight of a gigantic bureaucracy on their backs.
As veterans transition from military to civilian life and want to open their own business, many have difficulty securing a small business loan because many lenders don’t want to finance startups. We are committed to providing loans to underserved small business owners, including veterans. As a non-profit lender, we are willing to take the time to look at the story behind you and your business with an eye towards saying yes to your loan request.
Money to Help Veteran-owned Small Businesses Just Like Yours
- Larger loans: from $50,000 - $4 million.
- Longer loan terms: loan terms as high as 25 years keep your monthly payment low.
- Lower interest rates: You never pay all the interest up front and there are no hidden fees.
- Lower down payment: down payments start as low as 10%.
- Better Structure: Matching the term of the loan to the life of the assets being financed, ensuring debt does not exceed available cash flow.
Veteran-owned Small Business Facts
- According to the Small Business Administration, veterans are 45 percent more likely than non-veterans to start their own business.
- Veteran entrepreneurs are responsible for nearly one out of every 10 small businesses.
- Veteran-owned small businesses generate more than $1.2 trillion in receipts every year and employ nearly 6 million workers.
- As more than a million service men and women end their military careers over the next five years and transition back to civilian life, veteran business owners will play a critical role in creating economic opportunities for the entire nation.
- 94% of American consumers said the gratitude they feel makes them more likely to buy veteran.
- 95% of Americans feel a sense of gratitude toward military veterans.
- 70% of American consumers would rather buy from a veteran.