VA Business Loans: What to Know Before You Apply

Now it’s Our Turn to Fight for You.

VA small business loans were created by the Small Business Administration (SBA) to help military veterans interested in entrepreneurship.

Similar to VA home loans provided by the US Department of Veterans Affairs, VA business funding was created to make funding easier and faster for veterans with new ambitions at home.

Read on to learn everything you need to know about how to get the veteran business loan you need quickly and easily, with the respect you deserve.

VA Business Loan Benefits

  • 90% Approval
  • Minimized Paperwork
  • NO Collateral Needed
  • NO Minimum Annual Sales
  • NO Business Profitability Necessary
  • NO Minimum Time in Business Required

VA Small Business Loan Requirements

There are only a couple boxes veterans need to check in order to qualify for NBC’s VA business financing. Veteran applicants must be:

  • A military veteran,
  • A member of the National Guard,
  • Or an active member in the Transition Assistance Program to apply.
  • At least 51% of your business must be owned by one or more veterans.
  • You must make $10K in monthly gross sales,
  • And your business must be active for more than 6 months.

And that’s it-t least through us.

Through banks and other lenders, the process is a lot trickier, and requires a lot more paperwork, and much tougher requirements to meet in regards to credit, annual sales, time in business, etc.

We think this is wrong, which is why we provide VA small business loans for veterans and veterans with disabilities with easier qualifications and exclusive benefits that you won’t find through any bank.

Veteran Loan Approval Rates

Approval standards including minimum credit scores, annual sales, and time in business all entirely depend on the lender you apply through.

Banks are often the hardest to get funding from, as they tend to have the toughest requirements.

Most veterans who apply are denied VA small business loans due to low credit scores and blemished financial histories—two things that are often out of their control altogether.

We at NBC think this is wrong. Veterans fought for our freedom—now it’s our turn to fight for you. Besides, the whole point of applying for a VA business loan is to help veterans.

That’s why our approval process depends less on the cold financial stats of veteran-owned businesses, and instead values the bigger picture, which accounts for our approval rate of over 90% of all veterans.

How Long Does it Take to Get One?

Small business loans for veterans are usually pretty difficult to apply for. Finding the best lender that matches your needs and acts in your best interest requires a lot of time spent shopping around.

And being that VA loans involve governmental agencies, it’s no surprise that getting funds comes only after long periods of waiting, and mountains of red tape and paperwork.

National Business is a company that does all the shopping for you, and finds the best VA business lender in their exclusive global marketplace that perfectly matches your business needs, no matter what they may be.

We also have a team of experts that specialize in preparing all the necessary paperwork needed, so you can spend less time stressing, and get back to growing your business.

Through our expedited and simplified veteran funding process, we can secure you with funds in as little as 24 hours.

VA Small Business Loan Online

Here’s all you need to do to apply: fill out our 1-minute application online, and a Business Financing Advisor will get in contact with you in minutes to discuss your options moving forward.

Or, give us a call at (877) 482-3008 for a free consultation.

Additional Resources

For more information, download our FREE eBook on avoiding the 10 common pitfalls in business financing.

National Business Capital & Services is the #1 FinTech marketplace offering small business loans and services. Harnessing the power of smart technology and even smarter people, we’ve streamlined the approval process to secure over $1 billion in financing for small business owners to date.

Our expert Business Financing Advisors work within our 75+ Lender Marketplace in real time to give you easy access to the best low-interest SBA loans, short and long-term loans and business lines of credit, as well as a full suite of revenue-driving business services.

We strengthen local communities one small business loan at a time. For every deal we fund, we donate 10 meals to Feeding America!


About the Author, Matt Carrigan

Matt Carrigan is the Content Writer at National Business Capital & Services. He loves spending every day creating content to educate business owners across every industry about business growth strategies, and how they can access the funding they need!

Disclaimer: The information and insights in this article are provided for informational purposes only, and do not constitute financial, legal, tax, business or personal advise from National Business Capital & Services and the author. Do no rely on this information as advice and please consult with your financial advisor, accountant and/or attorney before making any decisions. If you rely solely in this information it is at your own risk. The information is true and accurate to the best of our knowledge, but there maybe errors, omissions, or mistakes.