Small Business Funding for Veterans
There are over 2.4 million veteran-owned businesses in the USA, employing nearly 6 million people nationwide. Veteran business owners in all industries can strengthen their success and outpace their competition with up to $250,000 in funding from Greenbox Capital® in as little as 24 hours.
Fast, Easy Small Business Loans for Veterans
There are many resources available to help veteran-owned businesses succeed, including government support, grant programs, and special financing programs. However, these resources can be hard to find and even harder to access, especially for newer businesses or veterans with gaps in their financial history.
Sometimes, your business needs an infusion of working capital to meet the challenges of your industry or to continue to grow and expand. Veteran-led enterprises may be able to get the funding they need from other sources, but the application process can take months, and there’s no guarantee of approval. Opportunities to grow and expand can quickly disappear while you wait.
With a simpler application, faster turnaround, and flexible approval requirements, Greenbox Capital can fund more veteran-owned small businesses in as little as one business day. We offer a variety of small business funding options for veterans, from as little as $3,000 up to $250,000. We fund all industries, including construction businesses, retail businesses, law firms, medical practices, business services, retailers, manufacturers, and more.
Base Conditions Of Financing Veterans Entrepreneurs
| Funding Range | up to $250K |
| Setup Fee | $349 minimum or 4% of funding amount |
| Funding Disbursement Fee | $75 USD for US-based entities |
| Term US States & Territories: | • 1st Position: 3 – 15 months |
| • 2nd Position: 3 – 9 months |
How To Use Small Business Loans for Veterans
There are no restrictions on how you can use alternative business loans for veterans. Veteran-owned small business funding is most ideal for supporting growth initiatives that will increase your business’s revenue, such as:
- Hiring staff so you can expand services and take on more business
- Purchasing new equipment or technology
- Renovating or remodeling your space to offer a more comfortable environment
- Expanding your business or acquiring another business
- Building a new website or expanding your existing online presence
- Purchasing raw materials or inventory in bulk at lower prices
- Investing in continuing education and training
- Energizing your marketing and advertising to bring in more business
Alternative small business financing can also help you meet the unique challenges of your field, such as:
- Meeting changing client and customer needs
- Standing out from competition in your niche
- High cost of equipment or raw materials
- Skilled labor shortages and employee turnover
- High cost of repairing appliances or equipment
How To Get A Veteran Small Business Loan: The Application Process
- 1
Apply
Gather 3 months of bank statements and other records. For faster approval, grant us secure access to your bank account’s transactional data.
- 2
Choose Funding
A Funding Advisor will reach out to you within 1 hour (during regular business hours) to complete your application & discuss your financing options.
- 3
Get Funded
Once you and your Advisor determine what funding option works for your business, your funds can be approved and deposited within 24 hours.
- 4
Set Repayment
Payments will be automatically deducted from your business’s daily or weekly debit and credit card sales. Payment amounts will be based on your sales.
Business Loans for Veterans Eligibility Requirements
| Minimum Revenue | $10,000 / month |
| Length in Business | 5 months or more (Michigan requires 1+ year TIB) |
| Ownership % | Minimum of 51% Ownership |
| Personal Credit | US FICO 500+ |
| Business Activity | At least 2 transactions per month |
| Bank Balance | Positive average bank balance |
| Overdrafts & NSFs | Fewer than 25 overdrafts/NSFs in 3 months, and less than 20 negative balance day |
| Entity Types | All entity types, including sole proprietorships and non-profits |
Will You Qualify for Veteran Small Business Funding?
Exact qualification requirements depend on the type of business loans you are seeking. Approval for small business funding from Greenbox Capital isn’t based solely on your credit score or financial history. Instead, we focus on the overall health of your business, including:
- Business revenue
- Cash flow
- Vendor payment history
- Years in business
- Public records
FAQ about Funding for Veteran-Operated Companies
How do I get certified as a veteran-owned small business?
To qualify as a veteran-owned business, you must register your business as Veteran-Owned Small Business (VOSB) through the Vets First Verification Program. You must meet certain criteria to register. Learn more at va.gov.
What is the Patriot Express Loan?
Patriot Express Loans are part of a special veteran-owned business financing program offered by the Small Business Administration. Learn more at sba.gov.
What do I need to do to qualify for a small business loan?
We have a very simple application process, with same day funding available. To get started, fill out our one-page application form or speak with a Funding Advisor.
How hard is it for a veteran to get a business loan?
Veterans can access business loans through GreenBox Capital easily, as the approval process is flexible and can provide funds in as little as 24 hours. Veterans don’t necessarily need perfect credit to qualify, making it a viable option.
Can I get a veteran business loan with bad credit?
Yes, GreenBox Capital offers funding options like merchant cash advances and collateral loans that are accessible to veterans with less-than-perfect credit, focusing more on the overall health of the business rather than just credit scores.
What are the benefits of using small business loans for veterans?
Loans for veterans can support various business growth activities, such as hiring staff, purchasing equipment, or marketing initiatives. Our flexible funding options allow for targeted investments that can help veterans expand and scale their enterprises effectively.
Why is business financing for veterans so important?
Business financing is crucial for veterans transitioning from military service, enabling them to leverage their skills in leadership and management to build and grow businesses. Access to capital helps bridge financial gaps, allowing veteran entrepreneurs to innovate and thrive.
How to choose a small business loan for a veteran entrepreneur?
Veterans should consider their specific needs, such as the amount of funding required and the speed of funding. We have various fast and flexible funding options, making it important for veterans to discuss their goals with a Funding Advisor to select the best option for their business scenario.
Where To Get Loan for Military Veteran-Run Businesses In the United States
Arizona
- Phoenix
Pennsylvania
- Philadelphia
Ohio
- Columbus
Indiana
- Indianapolis
North Carolina
- Charlotte
Washington
- Seattle
Colorado
- Denver
District of Columbia
- Washington D.C.
Alaska
Arkansas
Connecticut
Delaware
Georgia
Hawaii
Idaho
Iowa
Kansas
Kentucky
Louisiana
Maine
Maryland
Massachusetts
Michigan
Minnesota
Mississippi
Missouri
Montana
Nebraska
Nevada
New Hampshire
New Jersey
New Mexico
North Dakota
Oklahoma
Oregon
Rhode Island
South Carolina
South Dakota
Tennessee
Utah
Vermont
Virginia
West Virginia
Wisconsin
Wyoming
