VA Business Loan

VA business loans are not directly available through the Department of Veterans Affairs (VA), but they cooperate with the SBA and "The Veterans Entrepreneur and Small Business Development Act of 1999" (Public Law 106-50). Anyone seeking a VA business loan through the SBA is offered information at various web sites that will help in the search. Part of the rehabilitation program offered to veterans includes resources for job training, either as an employee or an owner.

Any veteran of the armed services who has an honorable discharge is eligible as long as the venture is going to be at least 51% veteran owned. If the establishment to be opened by a VA business loan is owned by a disabled veteran or veterans, it too must be at least 51% disabled vet owned. The degree of disability is not important. Besides the training provided, the SBA provides links to other businesses, and contacts with individuals who might be able to help a veteran who has acquired one with building his venture. Some services are available in connection with the state and local government, where the veteran lives. Legal requirements by those entities are part of the package of information available through SBA and the Veteran's Administration system.

The Veterans Business Outreach Program (VPOT) provides networking with other veterans for entrepreneurial development services in connection with this type of financing. Practical advice from peers is among the most valuable services offered when a VA business loan is the means by which a veteran has entered this type of life. God designed each of His children to reap the benefits of different aspects of life. When good service has been done it is only natural that some sort of special opportunities are available to them. VA business loans through SBA are available for healthy veterans with proper education and/or training.

In conclusion, although there is not financing available directly through the VA, that hardly seems to be an obstacle. VA business loans, then, become a generic term referring to the vast network of start-up aids available through the many programs of the SBA. There is every possibility that any military veteran who wishes to go into business for himself or herself can find the means to do so. Educational assistance is a well-known benefit available to all veterans, and it can include either formal higher education, which could be geared toward a related career, or a trade school. VA business loans, therefore, are a somewhat roundabout benefit of having been a member of the U.S. armed forces.

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