Small Business Loans for Veterans

As a veteran entrepreneur, you know the value of hard work and dedication. Yet, you may face significant obstacles to receiving small business financing. Despite veteran businesses representing nearly 10 percent of all small businesses in the U.S., between 2010 and 2017, SBA loans to non-veteran owned businesses increased 82 percent compared to 48 percent for veteran-owned businesses.

Clearly, there is a significant opportunity gap for veteran-owned businesses; along with transitioning to civilian life, you may face unique challenges in starting and growing businesses. However, you also have acquired unique experiences during service – including leadership, teamwork, and management – that aid with entrepreneurship.

The process of finding and securing traditional small business loans can be challenging. Connect2Capital can help fulfill business financing needs when traditional lenders aren’t an option.

As you look for business growth opportunities like hiring new employees and increasing revenue, it’s important to work with a lender as committed to your goals as you are.

Which type of small business loan is right for my veteran-owned business?

Whether you’re looking to build inventory, cover payroll, buy equipment, or launch a new marketing campaign, there’s a funding option out there to help you accomplish your small business goals.

Whether you’re just starting out or opened your doors decades ago, you’ll need cash to cover essentials at different times and for different reasons. But before you decide which type of funding is right for your business, you’ll need to have a thorough understanding of what each one is and how they work.

Learn more about loans that may be right for your veteran-owned business.

How can I use my small business loan for veteran-owned businesses?

Your small business loan can be used for a variety of business-related expenses. Whether you need capital to launch your startup, purchase equipment or obtain a line of credit to maintain and grow your business, there are many different ways veteran-owned businesses can use small business loans.

But before you take the next step, be sure you have everything you need to proceed. Creating a plan of action for how you’ll use and pay back your small business loan before you apply will help increase your approval chances and better position your business for success.

About Connect2Capital small business loans for veterans

Connect2Capital helps level the playing field for veterans by connecting them to responsible, fair, and mission-driven lending partners committed to making small business loans for veterans more accessible. Veteran-owned businesses across the United States turn to Connect2Capital when traditional funding isn’t an option.

Why? Because we believe that every business owner—regardless of current circumstances—deserves the resources, tools, and guidance to get ahead. We invite you to explore our community, resources, and programs designed to support veteran business owners on every step of their journey.

Your future is not only out there, it’s just around the corner. And it starts by connecting to a small business loan for veterans through Connect2Capital.