Waiving SBA Loan Guarantee Fees for Veterans and Military Spouses.
This bill eliminates the guarantee fee charged by the Small Business Administration (SBA) on certain business loans for veterans, their spouses, and members of the reserve component. This change aims to reduce the upfront costs associated with starting or expanding a small business for military-affiliated individuals. The fee waiver applies to loans where the deferred participation share does not exceed $1 million.
Key points
Veterans, their spouses, and certain military personnel will no longer pay the SBA guarantee fee on eligible business loans.
The fee waiver applies to loans up to $1 million (based on the deferred participation share), making financing more affordable.
The goal is to support entrepreneurship within the military community by lowering the initial financial barrier to obtaining capital.
Status:
Expired
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