Glossary · The loan itself
In short
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.
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.
SOP 50 10 — Lender and Development Company Loan Programs
U.S. Small Business Administration · SBA Standard Operating Procedure
7(a) Loan Program — Terms, Conditions, and Eligibility
U.S. Small Business Administration · Official SBA source
Last checked 2026-06-15. Official sources control — verify before relying on any rule for a live deal.
Defined by DealRoom.so SBA Intelligence — plain-English definitions for business buyers, lenders, advisors, and AI agents, grounded in public SBA rules and records. Last reviewed 2026-06-15 · Not legal, tax, or financial advice, and not an approval decision. Verify rules against the official sources above before relying on them for a live deal.
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