{"ok":true,"canonical_url":"https://dealroom.so/glossary/veteran-owned-cooperative","api_url":"https://dealroom.so/api/public/glossary/veteran-owned-cooperative","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-cooperative","term":"Veteran-owned cooperative","group":"Reading the business","definition":"While most cooperatives are ineligible for SBA 7(a) loans, certain veteran-owned cooperatives can qualify. This is a specific exception to the general rule against financing co-ops.","what_it_means":"If you're looking at a cooperative, especially one marketed as veteran-owned, you need to verify it meets strict SBA criteria for eligibility. This typically means it must be 51% or more owned by veterans and meet other specific cooperative requirements. Don't assume eligibility; confirm with your lender.","url":"https://dealroom.so/glossary/veteran-owned-cooperative","official_sources":[{"slug":"13-cfr-part-120","title":"13 CFR Part 120 — Business Loans","official_url":"https://www.ecfr.gov/current/title-13/chapter-I/part-120","official_label":"View on eCFR","authority_tier":1,"publisher":"Office of the Federal Register","source_guide_url":"https://dealroom.so/sba-7a/sources/13-cfr-part-120"},{"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":"ineligible-businesses-rule","term":"Ineligible businesses rule","url":"https://dealroom.so/glossary/ineligible-businesses-rule"},{"slug":"partnership","term":"Partnership","url":"https://dealroom.so/glossary/partnership"},{"slug":"corporation","term":"Corporation","url":"https://dealroom.so/glossary/corporation"},{"slug":"llc","term":"LLC","url":"https://dealroom.so/glossary/llc"}],"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":"What is the policy for a 7(a) loan when the borrower is a small agricultural cooperative?","url":"https://dealroom.so/for-lenders/questions/what-is-the-policy-for-a-7-a-loan-when-the-borrower-is-a-small-agricultural-cooperative"},{"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 cooperative","url":"https://dealroom.so/glossary/veteran-owned-cooperative","source_type":"DealRoom Data"}}