Fayeteville State University School of Business and Economics Veterans Business Outreach Center Fayetteville State University
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SBA Veterans Advantage Loan Program

SBA Veterans Advantage, beginning January 1, 2014 and continuing through September 30, 2014, is intended to facilitate lending to veteran-owned small businesses so that they have the tools they need to start and grow their businesses.

To Qualify:

Businesses must be 51% or more owned and controlled by an individual or individuals in one or more of the following groups:

  • Veterans (other thank dishonorably discharged)
  • Service-disabled veterans
  • Active-duty service members eligible for the military’s Transition Assistance Program
  • Reservists and National Guard members
  • Current spouses of any of the above
  • The widowed spouse of a service member or veteran who died during service or of a service-connected disability.

Currently, all SBAExpress loans (which include SBA Veterans Advantage Loan) of $150,001 to $350,000 have an up-front guaranty fee of 3%. To continue supporting America’s veterans, the SBA Veterans Advantage reduces the up-front guaranty fee from 3% to ZERO% for SBAExpress loans up to $350k approved to small businesses owned by qualified veterans. This policy announcement means that veteran borrowers will no longer have to pay an upfront fee for any loan up to $350,000 under the SBA Express program.

Of all SBA loans that go to veterans, 73 percent are $350,000 and below. The SBA Express Loan Program, which supports loans under $350,000, is SBA’s most popular loan delivery method, with nearly 60 percent of all 7(a) loans over the past decade being authorized through the program. Since the program’s inception, it has also been one of the most popular delivery methods for getting capital into the hands of veteran borrowers.


Before we can provide assistance, the U.S. Small Business Administration requires all clients to complete the Request for Counseling (Form 641).

This form will act as our Confidentiality and Code of Conduct Agreements. All client information is held in strict confidence. Counseling is FREE AND CONFIDENTIAL.

To start the process, please click on the "Contact us today" button below to access our electronic Request for Counseling form.

BUSINESS START-UPS START HERE!

Request for Counseling!
Fayetteville State University
1200 Murchison Road
Fayetteville, NC 28301
Office: 910.672.2683
35.0723 -78.8951
Funded in part by a cooperative agreement with the U.S. Small Business Administration. All opinions, conclusions, or recommendations expressed are those of the author(s) and do not necessarily reflect the views of the SBA.