Veteran-owned business loans, fast.

Apply for financing today to build your business, upgrade your equipment, or fund your next project.

$
Applying is free and won't impact your credit*
$250K veterans loan approved!

Reviews from veteran business owners.

Business owners love that Lendio helps them get funding without the headaches.

Proven veteran-owned business lending expertise.

Get the answers and the funding you need with support all along the way.

$16 billion

in small business funding facilitated in the last decade.

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21,000 Trustpilot® reviews.
50% repeat customers.

75+ lenders

providing broad coverage for small business lending.

How our loan matching process works

Tell us about your business.

Answer a few simple questions and complete the application in minutes.

Submit your application.

We’ll present your application to our marketplace 75+ lenders. Applying is free and won’t impact your credit score.

Compare offers.

Find the funding option with the terms that best fit your small business goals.

Get funded.

Once you accept, funding can hit your bank account in as little as 24 hours.

Quickly estimate your funding options.
Time In Business
0 - 6 Months
6 - 12 Months
1 - 3 Years
3+ Years
Monthly revenue
Industry
Credit Score
Business type
Legal partnership
LLC
Corporation
Sole proprietor
Congrats--it looks like you qualify.*

Based on your business information you could qualify for up to $ 52,000 in funding

Funding amount *

$ 36,000 - $ 52,000

*Amount is an estimate only using the information provided Businesses like yours typically receive offers like these.
Compare your funding options today.
Apply now

Many businesses don't qualify for funding for all kinds of reasons. A few factors could include:

Not enough revenue
Not enough time in business
Credit score is too low

*Qualification criteria, rates, and other funding terms will vary depending on the type and location of your business, and upon other factors. This is not a guarantee of funding, and it should not be relied upon as an accurate assessment of the availability or terms of the represented funding products.

How much can I qualify for?

Not sure what you need or what funding options are best for you? Use our simple calculator to get a rough idea of your options with no commitment, and apply when you’re ready.

Lendio knows veteran-owned businesses.

You’ve helped our country’s cause, and now it’s time to work in service of your own. We’re dedicated to helping U.S. service members access the capital they need to fuel their own American dreams.

Bridge capital during business growth

Purchase supplies, inventory, or equipment

Refinance existing debt

Pay your staff

Invest in marketing

What type of commercial real estate funding is best for your business?

These are the most popular types of funding that other veteran-owned businesses qualify for through Lendio.

Business Line of Credit

Access available funds whenever you need them, and only pay interest on what you draw.

Revenue-Based Financing

Access funding based on your future revenue and repay with regular payments.

SBA Loan

Get low-interest, government-backed funding to expand your business.

What types of business loans are available to veteran-owned businesses?

Military Reservist Economic Injury Disaster Loan (MREIDL)

If a key member of your staff is a military reservist called to active duty, and their military service will have a negative financial impact on your business that you can not recover from in other ways, the SBA offers the MREIDL from the date the employee receives notice to one year after the employee is released from active duty. The first payment on the loan is deferred for 12 months with no interest accrual during that time. The interest rate after the first 12 months is 4%.

Term Length
Up to 30 years
Max Loan Amount
Up to $2,000,000

SBA Express Loan

An SBA Express Loan is a loan guaranteed by the U.S. government and administered through a lender. The SBA guarantees up to 50% of the loan. The SBA waives guaranty fees for veterans or a spouse of a veteran applying for Express loans as part of the CARES Act. See full qualification and documentation criteria.

Term Length
up to 10 years
Max Loan Amount
up to $500,000

Asset- or revenue-based financing

Both asset-based financing (invoice factoring) and revenue-based financing rely on expected revenue to secure the loan. With invoice factoring, the funder purchases an invoice from the borrower at a discounted rate, which the business will then pay back to the funder as the business collects on the invoice. Revenue-based financing provides you with a cash advance that you repay with future revenue.

Term Length
1-15 months
Max Loan Amount
$1 million (revenue-based financing)
$50 million (factoring)

Debt financing

Debt financing provides a lump sum of money with a fixed interest rate, which you repay over a set period of time. Opt for either a term loan or an SBA loan backed by the government to fuel your business.

Term Length
6 months-25 years
Max Loan Amount
$5 million

Line of credit

A line of credit (LOC) lets you draw on your account as you need funds. So if you get a large purchase order, you can borrow the exact amount you need and repay it to replenish the LOC as soon as your customer pays. A line of credit is good for both cash flow management and emergency expenses.

Term Length
6-24 months
Max Loan Amount
up to $250,000

FAQs

Find answers to some commonly asked questions by veteran-owned businesses.

What are the SBA Loan qualification and documentation requirements for veterans?

In order to qualify for a waived guaranty fee for an SBA Express loan, you’ll need to meet the following requirements:

51% or more of the business is owned by a veteran (excluding those with a dishonorable discharge), service-disabled veteran, Active Duty Military service member in the Transition Assistance Program, reservist, National Guard Member, the current spouse of any of the groups mentioned above, or a widowed spouse of a service member who died while in service or due to a service-related disability.

Documentation requirements include:

  • For veterans: Copy of Form DD214
  • For Transitioning Active-Duty, Reservists and National Guard: DD Form 2 and DD Form 2648
  • Current spouse of veteran: Veteran’s Form DD 214 and evidence of marital status.
  • Widow of Active Duty Service Member or Widowed Spouse of Veteran: Documentation from DOD or from DVA.
What is the Vets First Verification Program?

The Vets First Verification Program gives veteran-owned businesses exclusive access to bid on eligible federal government contracts. Up to 3% of government contracts must be reserved for vet-owned businesses, so registering for this program gives you greater opportunities to grow your company with federal contracts.

What is a VA loan?

You might have heard of VA Loans. Rather than focusing on businesses, they are a type of mortgage offered through the Department of Veterans Affairs. The program allows veterans, service members, and surviving spouses to purchase homes with very little down payment, and sometimes no down payment at all. VA loans also don’t require borrowers to purchase private mortgage insurance and approved applicants can typically expect low interest rates compared to other mortgage lenders.

Does the SBA offer business loans to veterans?

The SBA does not loan money directly to veteran-owned small businesses, nor is there an SBA loan type specifically for veterans. Generally, most SBA loan programs utilize another lender to actually service SBA loans.

The SBA used to run a lending program for veterans called Veterans Advantage 7(a) loan program, but that program no longer exists. These VA small business loans were set aside specifically to help veterans succeed as entrepreneurs, and they were a prime example of special benefits not available to the general public.

However, vets can benefit from some perks. For instance, the SBA waives guaranty fees for veterans applying for Express loans. This relief for veteran small business owners was passed as part of the 2020 CARES Act, aimed at mitigating the COVID-19 pandemic’s impact on small businesses.

There are also Military Economic Injury Loans designed to help military reservists who run small businesses to overcome any negative impacts that may have occurred during the time they were on active duty.

The agency also provides assistance to those who have been disabled during the time of their service with the 8(a) Service-Disabled Veteran-Owned Business Contracting Program. This program helps qualifying veterans apply for lucrative government contracts that aren’t available to the general public.

How can a veteran business loan be used?

SBA loans and most other forms of business financing can be used for nearly all facets of running your business. This includes:

  • Buying land or property, or paying rent for an office
  • Payroll
  • Buying an existing business
  • Refinancing your existing debt
  • Buying inventory or equipment
  • Buying any other needed furniture or supplies

With any financing or grant, check the terms closely to ensure you can use the funds on what your business needs.

Why might my business loan application be denied?

Five mistakes have sunk more than a few applications:

  1. Not meeting the credit requirements – Every loan has specific requirements for your financial history—and your application won’t even get a glimpse if you don’t have a qualifying credit score. Nip this problem in the bud by monitoring your score with Experian, TransUnion, and Equifax, and then only apply for loans that you qualify for.
  2. Choosing a loan that doesn’t match up with your needs – Beyond the credit requirements, numerous factors make certain loans optimal for various business scenarios. For example, some lenders refuse to work with businesses in high-risk industries. Make sure you align with a lender’s specifications before you click submit on any application.
  3. Failing to complete the application – This mistake sounds obvious, but you’d be surprised how many well-meaning entrepreneurs submit applications without filling out all of the pages. Following the lender’s instructions dutifully is the best way to get them to return the favor by reviewing your application.
  4. Not including all the necessary documents – If a lender requests a certain document from applicants, they expect to see it—so it’s a red flag when you fail to follow directions from the get-go. Make sure you’ve gathered all the required documents, and then double-check that you’ve included them before sending in your application.
  5. Not hitting deadlines – Lenders typically run a tight ship. Carefully make a note of all deadlines associated with a loan application, then stay at least one day ahead of them. That way, if something unpredictable arises, you’ll have time to find a solution.

Ready for funding?

See what you can qualify for on the Lendio Marketplace.