arrow_back Back to App

Waiving SBA Loan Fees and Reducing Equity for Veteran Entrepreneurs.

This law aims to boost veteran entrepreneurship by removing major financial hurdles. It eliminates guarantee fees on certain Small Business Administration (SBA) loans up to $1 million and significantly lowers the minimum personal investment (equity injection) required for veterans and their spouses to start or buy a business. These changes directly reduce the cost and complexity of accessing capital for military-affiliated business owners.
Key points
Eliminates SBA guarantee fees on business loans up to $1 million for small businesses owned by veterans or their spouses.
Reduces the minimum required personal equity injection by at least 5 percentage points for veterans seeking startup or change-of-ownership loans.
Requires the SBA to collect and publish data on the participation of veterans and their spouses in loan and entrepreneurial development programs.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_S_3171
Sponsor: Sen. Markey, Edward J. [D-MA]
Process start date: 2025-11-10
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-09-2025
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

Veteran Entrepreneurship Empowerment Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_S_3171.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2025-11-10.

What are the main provisions?

Key points include:

  • Eliminates SBA guarantee fees on business loans up to $1 million for small businesses owned by veterans or their spouses.
  • Reduces the minimum required personal equity injection by at least 5 percentage points for veterans seeking startup or change-of-ownership loans.
  • Requires the SBA to collect and publish data on the participation of veterans and their spouses in loan and entrepreneurial development programs.
What is the specific legal status?

The current status is Introduced.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Markey, Edward J. [D-MA].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-23.

CATEGORIES

Economy Benefits