Keyword Analysis & Research: business loans for va

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Frequently Asked Questions

How do you get a VA business loan?

Call your local Small Business Administration and tell the representative that you would like to apply for a VA business loan. The representative will then take down your information to see if you qualify and mail you a VA business loan application known as the "Patriot Express Pilot Loan Initiative".

Can a VA loan be used to start a business?

The VA does not approve or guarantee loans for running or funding a small business via the VA home loan program. Borrowers in need of a business loan should explore other means of financing a small business. The VA home loan program is only for residential mortgages only.

Can I get a VA business loan?

The following classes of the military are eligible for VA small business loans: Honorably discharged veterans Service-disabled veterans Active-duty military service member eligible for the Transition Assistance Program (TAP) Active reservists and/or National Guard members More items...

Does VA give business loans?

In most cases, VA small business loans are only given if the owner is a veteran. This is one requirement that is rarely overlooked by the lender. This means that a veteran must own at least 50 percent of the company.

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