What Are VA Business Loans (Part Two): VPOT And Other Info

Posted on July 16, 2008
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If you are a vet who has acquired a VA business loan to open up your own new venture, you may like the idea of contacting and networking with other veterans as a means to building up or expanding your business enterprises. The veterans Business Outreach Program, known as VPOT, is a great resource that has been designed for this purpose.

Through the VPOT, you can obtain practical advice from your fellow vets in matters of business. It is way to connect and make professional as well as personal relationship with fellow veterans who understand the sort of life circumstances that have brought you to this place. It is about finding some common ground and enriching your hopes for professional financial success.

Beyond the VPOT, the VA business loan program that is fostered by the SBA provides services not only for disabled vets but also to help those who have quit active service and are in good health but lack valuable training or education that could help them success in new business ventures, etc.

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What Are VA Business Loans (Part One): Eligibility

Posted on July 11, 2008
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Like other types of VA loans, VA business loans are available through the Department of veterans Affairs since this organization does not act as a lender. Instead, the business loan is available through a cooperative agreement between the SBA and the provisions of the veterans Entrepreneur and Small Business Development Act of 1999. If a vet wants to start a business, they can get the information they need via the SBA websites and partnering sites to assist in a search for an appropriate lender.

Who is eligible? Well any veteran of the armed services who has an honorable discharge is eligible for a VA business loan as long as the new business is designated at primarily veteran owned (more than 50%). The least percentage of required ownership is 51% for those businesses owned by disabled veterans.

Vets who qualify will be able to received SBA training and assistance via their contacts with other businesses to help with the growth of the new business venture.

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Use A VA Loan For Home Improvement: Part Two

Posted on June 5, 2008
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There are some further advantages to applying to a VA home improvement program.  Some of the most notable benefits include the ability to increase your home equity, providing comfort and market value to you home because of the improvements you’ve made, and having low fixed interest rates at only 5%.  Also, the terms for these loans can be spread out over 15 years if necessary.  Those who are eligible may also apply for additional home improvement loans.

The reasons that many vets choose VA home improvement loans may vary with the individual’s particular needs.  Different home improvement projects can be pursued which will not only provided added comfort to your home environment but also secure you a higher property value.  This second benefit is great for those who may wish to sell their home down the road.  It does not matter what improvements you may have in mind; you can have the financing you need to fulfill these plans.

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