Veterans have a track record of starting and running successful small businesses. With VetLoan Advantage from Six Bridges Capital Corporation, veterans have access to capital at a lower cost. VetLoan Advantage from Six Bridges Capital Corporation provides businesses with a substantially lower processing fee, allowing more opportunity for veterans to start or expand their businesses with fixed assets.
VetLoan Advantage, which is part of the SBA 504 product, provides up to 90% financing for owner-occupied commercial and industrial real estate and machinery and equipment. In addition to a low down payment, borrowers can take advantage of attractive long-term fixed rates. Six Bridges Capital works with clients’ community banks to ensure long-term success.
Military service is highly correlated with self-employment, according an SBA Office of Advocacy study. In the same study, it was found that veterans are at least 45 percent more likely than those with no active-duty military experience to be self-employed. However, challenging economic times often make it difficult for veterans to find capital for their businesses. VetLoan Advantage is a highly successful initiative that has helped thousands of veterans expand their businesses. Veterans are able to strategically position themselves for long-term growth while preserving their working capital.
VetLoan Advantage is limited to businesses that meet SBA’s standard eligibility requirements and that are 51% or more owned and controlled by an individual or individuals 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), which is applicable to potential retirees within 24 months of separation and to discharging active duty members within 12 months of discharge
- Reservists and National Guard members
- Current spouse of any veteran, any active duty service member, or any reservist or National Guard member; widowed spouse of a service member who died while in service; or widowed spouse of a veteran who died of a service-connected disability
Eligibility for Reservists and National Guard members is limited to current members of the Reserve or Guard (and their current spouses). Former Reservists and National Guard members (and their spouses) are not eligible, unless they qualify from active duty as veterans.
Six Bridges Capital, established in 1989, is a private, non-profit, lending corporation specializing in financing for small businesses, and has the expertise to ensure your veteran-owned small business is strategically positioned for the future.
When you are ready to discuss your businesses’ lending needs, call Six Bridges Capital at 800.216.7237 or email Al Hodge at firstname.lastname@example.org.