SBC Loan Programs
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Veterans Advantage Loan
The Veterans Advantage Loan is geared toward new or existing businesses which are owned by a Veteran or a Spouse of a Veteran. The maximum loan amount is $25,000 and may be used for a variety of purposes depending on the needs of the business. Funds are wired directly in to the business checking account for immediate access. The guarantee of 85% provided by the SBA allows the lender to lend money with significantly less risk.
Rates & Terms:
The interest rate is prime + 4.5% with a term of 10 years. The 10 year term allows a business to repay the loan with smaller monthly payments making it easier and more affordable.
There are no collateral requirements under this program.