Military Investing

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Bryan Esparza
  • Investor
  • California, Bay Area
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Are there any Commercial Loans for Veterans?

Bryan Esparza
  • Investor
  • California, Bay Area
Posted Jul 7 2022, 07:08

My business partner is a Veteran and we are aware of the VA Home Loan. However, we are wondering if there are any loans that Veterans can use to help them purchase commercial property. Any advice would be appreciated.

Little Rock, Arkansas

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Erik Browning
  • Lender
  • CA AZ TX
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Erik Browning
  • Lender
  • CA AZ TX
Replied Jul 7 2022, 08:20

That's a good question, I'm not sure however there has to be something out there. I'd reach out to your local SBA and see what they have to offer first.

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Bryan Esparza
  • Investor
  • California, Bay Area
2
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Bryan Esparza
  • Investor
  • California, Bay Area
Replied Jul 7 2022, 11:23

Thanks @Erik Browning for the suggestion. We'll reach out and ask. I'll post back here what useful information we hear. 

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Kevin Taylor
  • Rental Property Investor
  • Derwood, MD
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28
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Kevin Taylor
  • Rental Property Investor
  • Derwood, MD
Replied Jul 8 2022, 14:45

I have to second Erik on his response. I recently had an investor I know that wanted to by a 6 unit cabins in a mountain community. The lender she talked to said that she might be able to get an SBA loan for this type of purchase. Although, I would imagine and I'm not 100% sure about this and I recommend talking to an SBA rep but you might have to create an LLC in order to take this route. Reach out to your lender, local credit unions and a real estate attorney.

I hope this helps.