Top 6 Small Business Loans for Disabled Veterans

December 3rd, 2018 | Author: Megan Capobianco
small business loans for disabled veterans hugging family through business financing

Small Business Loans for Disabled Veterans: Jump To…

Small business loans have been a saving grace for the businesses owned by disabled veterans for many years. After all the sacrifice and time spent serving our country, disabled veterans are still routinely turned down by banks and traditional lenders for reasons as small as low credit scores and less-than-stellar sales. 

Many of these disabled service members simply don’t have time to boost their credit scores or annual sales upon returning home. After medical expenses and readjustment to civilian life, many disabled veterans cannot qualify for the business financing they need due to factors beyond their control.

Fortunately, alternative business financing companies like NBC&S offer small business financing options specialized to make access to capital easier and faster for disabled veterans, as their way of giving back to those who gave everything for our freedom.

Top 6 Small Business Loans for Disabled Veterans

  1. VA Business Term Loans: Small business loans with fixed terms and fixed rates. The ideal choice for veterans looking for a consistent repayment schedule that does not fluctuate cycle to cycle.
  2. Flexible Veteran Small Business Loans: A more flexible type of financing for disabled veterans. These options give veteran entrepreneurs more control over the terms and rates included, as they can fluctuate to match the funding strategies and rate of sales that a business makes. This is the ideal choice for veterans that plan to use different amounts of borrowed funds month to month.
  3. Veteran SBA Loans: Prime rates+, long terms, large amounts and a guarantee from Uncle Sam himself make Small Business Administration Loans a hugely popular choice among veteran business owners.
  4. Equipment Loans for Veterans: These are loans that specialize in getting retired service members the equipment loans they need in as little as 48 hours after applying. The new equipment obtained is used as collateral, so no additional personal or real estate collateral is needed!
  5. Veteran Invoice Factoring: Veterans use these financing options to exchange their invoices for immediate cash. They can then use the funds provided to keep operations running smooth instead of waiting for slow customer payments, and get what they need to start filling out future orders.
  6. Merchant Cash Advances (MCAs) for Veterans: A lump sum of cash is given to veteran business owners in exchange for a portion of future sales. The size of the portion taken out of future sales fluctuates to match the amount of sales a business generates. The less veterans make, the less they have to pay.

How to Qualify for Disabled Veteran Small Business Loans

To get any type of veteran small business loan, at least 51% of your business must be owned by a veteran. 

NBC&S simplified the qualification process to make getting approved for small business loans easier for disabled veterans. Take a look below to see if you apply for the financing option of your choice:

  1. VA Business Term Loans
    • 6+ Months in Business
    • $100K in Annual Gross Sales
    • No Minimum Credit Score Required
  2. Flexible Veteran Small Business Loans
    • 6+ Months in Business
    • $100K in Annual Gross Sales
    • No Minimum Credit Score Required
  3. Veteran SBA Loans
    • 2+ Years Time in Business
    • $100K in Annual Gross Sales
    • 685+ FICO
  4.  Equipment Loans for Veterans
    • NO Minimum Time in Business
    • NO Annual Gross Sales Required
    • NO Minimum FICO Required
  5. Veteran Invoice Factoring
    • NO Time in Business Required
    • NO Annual Gross Revenue Required
    • NO Minimum FICO Required
  6. Merchant Cash Advances (MCAs) for Veterans
    • 6+ Months in Business
    • $100K in Annual Gross Sales
    • NO Minimum Credit Score Required

Get Disabled Veteran Business Loans Without Collateral

A major concern for disabled veterans in obtaining financing is the question of whether they’ll have to leverage personal and real estate collateral in exchange for capital. Many don’t have the kinds of assets needed to be leveraged, and many others simply don’t feel comfortable putting their own properties at risk in case of foreclosure.

To help, NBC&S offers a wide variety of “unsecured” small business loans for veteran business owners. The term “unsecured” means that any capital lended does not have to be “secured” by the borrower’s assets. No collateral is needed for these types of business loans.

Small Business Loans for Disabled Veterans with Bad Credit

What’s more, NBC&S has many small business loans for military veterans with bad credit, which don’t require any FICO minimum in order to qualify for funding.

For more information on small business loans for veterans with bad credit, click the link here: Top 6 Veteran Business Loans with Bad Credit Acceptance in 2018

How to Apply for Small Business Loans for Veterans with Disabilities

Apply online by filling out our simple 1-minute application, and begin the process to receive funds in as little as 24 hours, with 24/7 guidance from a dedicated Business Financing Advisor.

Or, if you would like to speak with a Business Financing Advisor before moving forward, call (877) 482-3008 or contact us here for a free consultation!

About the Author, Megan Capobianco
Megan Capobianco is the Marketing Manager at National Business Capital. Megan is passionate about helping business owners along their journey - providing them with relevant content they can use in their day-to-day operations.