VetLoan Advantage

vetloan

At MBFC, we believe in supporting veterans and improving our communities by providing more-affordable funding for Minnesota start-up and existing businesses. That’s why we’ve partnered with the National Association of Development Companies (NADCO) to offer VetLoan Advantage, a program that will complement the Small Business Administration’s (SBA) veteran loan initiatives.

How it works

VetLoan Advantage helps veterans fund commercial real estate and equipment at a lower cost. Through the program, the Minnesota Business Finance Corporation offers veterans who receive an SBA 504 loan the following benefits:

  • Rebates of up to $3,000 to offset SBA 504 loan expenses, including appraisal and environmental reports.
  • Up to 90 percent financing for owner-user commercial/industrial real estate and equipment.
  • Low down payments (typically 10 percent).
  • Attractive long-term fixed rates.

It’s our way of thanking all members of service, especially those who are just re-entering the workforce and transitioning back into civilian life.

VetLoan Advantage FAQ

Have more questions about VetLoan Advantage? Ready to get started with the process? Contact one of our business development officers today.