Guidelines and advice for veterans starting their own businesses from the small business lending experts at Freedom Small Business Lending BIDCO, Inc.

1. Lending
Requirements
for Veterans

2. Did you know:
1 in 10 small business owners is a veteran? [1]

3. Veteran-run businesses employ
more than 6 million workers
and generate nearly $1.2 trillion in revenue. [1]

4. There are many resources for veterans looking to open their own
business.
So what are the loan opportunities for
veterans who want to start their own business?

5. Option 1: 7(a) Loan Program
• Maximum of $5 million [2]
• 7(a) loans allow veterans a 50%
reduction in upfront guarantee fees[2]

6. Eligibility for 7(a) Loan Program

7. 1. Must use loan for starting or acquiring a small
business
2. Must apply through a participating lender
3. Loan amounts negotiated between
borrower and SBA-approved lender

8. Option 2: Military Reservists
Economic Injury Loans

9. Military Reservists Economic Injury Loans
provide funds to help small businesses
when an essential employee is called to
active duty. [3]

10. Eligibility for Military Reservists
Economic Injury Loans

11. 1. Businesses must file between date of
notice and one year after discharge or
release from active duty
2. For loans more than $50,000 collateral
will be required
3. Means for ineligibility: if credit can be
found through another source without
creating financial hardship

12. To find out more about lending opportunities available to veterans,
contact Rob Dwyer of Freedom Small Business Lending
at (844) 508-8488.

13. [1] https://www.sba.gov/blogs/fee-reduction-sba-7a-loans-veterans-
renewed
[2] https://www.kabbage.com/blog/funding-veteran-owned-businesses-
patriot-express-loan-v-sba-veterans-advantage-loan-program
[3] https://www.sba.gov/loans-grants/see-what-sba-offers/sba-loan-
programs/disaster-loans/types-disaster-loans/military-reservists-
economic-injury-loans