Navigating the financial landscape can be daunting, especially for those who have dedicated their lives to serving our country. Fortunately, the Small Business Administration (SBA) has crafted specific loan programs to support veterans’ entrepreneurial journeys. Let’s explore these tailored opportunities that can help our nation’s heroes build and grow their businesses.
Speed and Support with the Express Loan Program
A Swift Financial Boost
The Express Loan Program stands out with its promise of an expedited process. Veterans looking to start or enhance their business endeavors can tap into this resource for quick funding. With a faster turnaround time for loan approvals and the added benefit of reduced fees, the Express Loan Program is an attractive option for those who value time and cost efficiency.
Stand Strong with the Military Reservist Economic Injury Disaster Loan
When Duty Calls, Support Follows
For veterans who are also military reservists, the SBA recognizes the unique challenge of balancing a business with the call to active duty. The Military Reservist Economic Injury Disaster Loan (MREIDL) ensures that when you are called away to serve, your business does not suffer. This loan provides the necessary financial cushion to maintain your business until you can return to the helm.
The Service-Disabled Veterans Program
Honoring the Sacrifice
For our brave servicemen and servicewomen who have been injured in the line of duty, the Service Disabled Veterans Program is a testament to their valor. Understanding the additional challenges service-disabled veterans face, this program offers special assistance to help them establish and maintain successful businesses. It’s a small way to honor those who have sacrificed significantly for our nation.
First Union Lending is committed to supporting our veterans in their business pursuits. We understand the importance of these SBA loan programs and stand ready to assist you in navigating the application process. Our veterans have served us; now it’s our turn to serve them with financial growth and stability opportunities.