Veterans who own small businesses can save up to $3,000 by tapping into our VetLoan Advantage program. It’s our way of saying thanks to all veterans for their service, including those just re-entering the workforce.
Our VetLoan Advantage incentives apply to several types of loans:
SBA-504 – used to purchase commercial/industrial buildings. Vets can take advantage of a low-down payment (typically 10%), long-term fixed rates (now under 5%). CDC will issue a cash rebate up to $3,000 for any funded loan to help veteran owners offset loan expenses.
Contact one of our Loan Experts to for more information on the SBA-504 Loan Program.
Community Advantage – provides up to $250,000 for working capital, equipment, inventory, tenant improvements and business acquisition. CDC will waive the packaging fee for veterans, a savings of up to $2,500.
SBA Microloan – provides up to $50,000 for working capital, equipment, inventory, tenant improvements and business acquisition. CDC will waive the 2% loan fee for veterans, a savings of up to $1,000.
Contact one of these loan officers for more information on Community Advantage and Microloans:
|Susan Lamping||Stacey Sanchez||Al Thiel||Carla Ulloa|
|Senior Community Loan Officer||Senior Community Loan Officer||AssociateLoan Officer||Community Loan Specialist
|(619) 243-8639||(714) 918-0886||(916) 473-0204||(951) 905-5701|