You probably already know most of the amazing benefits SBA loans for veterans have to offer—the prime lending rate of 3.75%+, the huge range of funding totals from $50k-$5 million, the lengthy terms of 10-25 years, the guarantee from the federal government—the list goes on.
What you probably don’t know is what it takes to qualify for veteran SBA funding.
As a veteran, you’ve earned the right to be frank about what you need. You also earned the right to know the truth behind empty SBA promises.
As a company that helps veterans get SBA qualified every day, we know what you need—and more importantly, don’t need—to do to get approved as quickly, easily and efficiently as possible.
We’ll also go through crucial steps every veteran should take to avoid the common pitfalls most business owners encounter when applying for SBA loans in order to save yourself time, cash, and frustration.
Before we begin, it’s important to note that approval requirements vary depending on which type of lender you apply for a veteran SBA loan through. Take a look at the chart for the fast facts, and we’ll discuss the details after.
Yes—SBA approval for veterans really does vary that much depending on the provider you choose.
Why? The Small Business Administration (SBA)—the creators of the SBA loan—does not set qualification standards for sba loans for veterans themselves.
Instead, they leave it up to banks and other lenders to set their own standards, making for a wide range of approval processes for veterans seeking SBA funding.
If searching for the right SBA loans for veterans is starting to seem overwhelming, don’t worry—we got you covered.
Despite the many amazing benefits SBA loans can bring to veteran-owned businesses, they also come with quite a few drawbacks that most lenders won’t tell you about, until you’re already in the middle of a sticky SBA situation.
Fortunately, they’re very easily avoidable. Here’s 5 steps you can take to make veteran SBA approval easier on yourself:
National Business Capital is proud of their reputation as the nation’s leading veteran SBA financing company.
Give us a call at (877) 482-3008 to ask about how we help secure SBA loans for veterans with greater honesty, transparency, speed and convenience than anyone else.
Or, you can take advantage of NBC’s 90% approval rate today by filling out our 1-minute online application, and a Business Financing Advisor will call you in minutes to discuss your options moving forward. Thank you for your service, and all that you’ve done for our country!
National Business Capital helps entrepreneurs secure quick and fair financing to save time and cultivate sustainable growth.
Our stress-free online platform is designed for simplicity and speed, helping business owners go from application to approval in a matter of hours. And while we remain a leader in the Fintech industry, our clients agree it’s our personalized service and award-winning team that sets us apart.
From SBA loans to lines of credit, to equipment financing, and more, business owners can access all the different financing programs available to them in one place. Through our streamlined process, we have helped clients secure $2 billion in financing since 2007, and, more importantly, we’ve helped entrepreneurs save a tremendous amount of time and grow faster.
Joseph Camberato, CEO of National Business Capital, developed a passion for business at a young age. Joe started his company in 2007 in his spare bedroom and has grown to secure over $1 Billion dollars in financing for small business owners nationwide. National’s team has an amazing culture and has been name the #1 Top Workplace on Long Island 3 years in a row and counting. Joe is a trusted financial expert who’s published more than 2,000 articles in the last 3 years. His articles have generated over 5 million page views and has been featured on blogs such as Google News, Yahoo, CNBC, Forbes Magazine, etc. His passion has also inspired him to build the "GrowByJoe” YouTube channel where he shares his insights into small business trends and tips for growth. Joe also holds a seat on Forbes Finance Council and is an active member of the Young Presidents' Organization (YPO), a global leadership community.