{"ok":true,"canonical_url":"https://dealroom.so/glossary/veteran-owned-business","api_url":"https://dealroom.so/api/public/glossary/veteran-owned-business","data_freshness":{"sba_records_through":"2026-05-31","fdic_records_through":"2026-03-31","dealroom_last_updated":"2026-06-15","timezone":"America/Chicago"},"source_summary":["Public SBA 7(a) loan records","FDIC institution data","DealRoom lender and franchise enrichment"],"term":{"slug":"veteran-owned-business","term":"Veteran-owned business","group":"The loan itself","definition":"A business where at least 51% of the ownership is held by one or more veterans. The SBA offers specific incentives and reduced fees for loans to acquire or operate these businesses, which can lower your overall deal costs.","what_it_means":"If the business you're buying qualifies as veteran-owned, you may benefit from a reduced upfront guaranty fee on your SBA 7(a) loan. Verify the seller's veteran status and ownership percentage during due diligence to ensure eligibility for these benefits.","url":"https://dealroom.so/glossary/veteran-owned-business","official_sources":[{"slug":"terms-conditions-eligibility","title":"7(a) Loan Program — Terms, Conditions, and Eligibility","official_url":"https://www.sba.gov/partners/lenders/7a-loan-program/terms-conditions-eligibility","official_label":"View on SBA.gov","authority_tier":5,"publisher":"U.S. Small Business Administration","source_guide_url":"https://dealroom.so/sba-7a/sources/terms-conditions-eligibility"},{"slug":"sop-50-10","title":"SOP 50 10 — Lender and Development Company Loan Programs","official_url":"https://www.sba.gov/document/sop-50-10-lender-development-company-loan-programs","official_label":"View on SBA.gov","authority_tier":2,"publisher":"U.S. Small Business Administration","source_guide_url":"https://dealroom.so/sba-7a/sources/sop-50-10"}],"related":[{"slug":"7a-loan","term":"7(a) loan","url":"https://dealroom.so/glossary/7a-loan"},{"slug":"upfront-guaranty-fee","term":"Upfront Guaranty Fee","url":"https://dealroom.so/glossary/upfront-guaranty-fee"},{"slug":"guaranty-fee","term":"Guaranty fee","url":"https://dealroom.so/glossary/guaranty-fee"},{"slug":"equity-injection","term":"Equity injection","url":"https://dealroom.so/glossary/equity-injection"}],"related_questions":[{"question":"Does the SBA loan program offer any specific benefits for veteran-owned businesses?","url":"https://dealroom.so/sba-loans/basics/does-the-sba-loan-program-offer-any-specific-benefits-for-veteran-owned-businesses"},{"question":"Does the SBA program have any specific requirements for minority or women-owned businesses?","url":"https://dealroom.so/sba-loans/basics/does-the-sba-program-have-any-specific-requirements-for-minority-or-women-owned-businesses"},{"question":"What if the business property is owned personally by the seller?","url":"https://dealroom.so/sba-7a/questions/what-if-the-business-property-is-owned-personally-by-the-seller"},{"question":"What if the business real estate is owned separately by the seller?","url":"https://dealroom.so/sba-7a/questions/what-if-the-business-real-estate-is-owned-separately-by-the-seller"},{"question":"What happens if a business real estate is owned separately by the seller?","url":"https://dealroom.so/sba-7a/questions/what-happens-if-a-business-real-estate-is-owned-separately-by-the-seller"},{"question":"How can life insurance facilitate a smooth succession plan for a family-owned business?","url":"https://dealroom.so/sba-7a/questions/how-can-life-insurance-facilitate-a-smooth-succession-plan-for-a-family-owned-business"}]},"caveats":["Definitions represent DealRoom's plain-English interpretation for buyers; verify regulatory terms against the official SBA and eCFR sources listed.","Not legal, tax, or financial advice, and not an SBA eligibility determination."],"citation":{"label":"DealRoom.so Glossary — Veteran-owned business","url":"https://dealroom.so/glossary/veteran-owned-business","source_type":"DealRoom Data"}}