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New Loans for Vets

photo - Kurt, Bob Mulz, Greg McPartlin copyVeterans who own small businesses can benefit from the new VetLoan Advantage program launched by CDC Small BusinessFinance.The VetLoan Advantage program is open to all U.S. veterans from every service branch.  It’s our way of saying thanks to veterans for their honorable service. 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.

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.

Want to talk to a loan expert? Click on VetLoan Advantage.

One response to “New Loans for Vets”

  1. Kim Buttemer says:

    The first rebate was presented to the man in the photo! CDC is proud to offer this program and to Make A Difference in helping our vets prosper in private industry!

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