The graphs on this page offer some analytics of SBA loans approved under both the 7(a) guaranty and CDC/504 program that were identified as involving business owners who are veterans of American military service. Results of these loans have been made public by SBA FY 2009, and SBFI will update these statistics annually.
Veteran Loans $ Approved**
The first graph illustrates the total $ volume of loans approved for veterans through the 7(a) and CDC/504 loan programs respectively, with the total level of SBA program loans highlighted with the green line.
The second graph compares the total $ volume of loans approved for veterans as a percentage of total 7(a) loans and CDC/504 loans respectively, and as a percentage of the total SBA loan program volume.
Number of Veteran Loans Approved
The third graph illustrates the total number of loans approved for veterans by the 7(a) and CDC/504 loan programs respectively, with the total level of SBA program loans highlighted with the green line.
The fourth graph compares the total number of loans approved for veterans as a percentage of total 7(a) loans and CDC/504 loans respectively, and as a percentage of total SBA loan program volume.
Military veterans own roughly 2.4 million businesses in the U.S., which is approximately nine percent of all American firms. Those companies employ almost six million workers and provide an aggregate annual payroll of more than $210 billion.
About 78% of veteran-owned small businesses are driven by retiring military officers with at least 20 years of career service and plenty of experience.
SBFI tracks a range of business lending results and lender performance through published statistics and lender surveys. Finance programs facilitated by the U.S. Small Business Administration offer several financing assistance programs to small business concerns for a variety of purposes.
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** Previously reported figures related to Veteran Loans compiled for this page were modified in October, 2015 to remain consistent with changes reflected in the SBA’s 9/30/15 report, which altered previously reported statistics.