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Military Veterans Catching A Break

11 years ago written by
Veterans

Veterans

According to the Post the Small Administration (SBA) is offering a break to former military members who need capital to start or grow a . The SBA has announced that it will waive its initial borrower fees for veterans who secure next year via the department's Express Loan Program, through which the agency backs small- of up to $350,000.

The announcement came at end of the agency's annual National Veteran Small Week, during which officials traveled the country to mentor veterans who already own or are considering starting a company. Still, for the most part, the department's lending programs have provided a valuable lifeline to capital-starved during what has proved to be a slow economic recovery. Officials recently announced that the department supported around $30 billion in for the third straight year in fiscal year 2013, even as small- lending nationwide continued to decline in the wake of the recession.

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