S 3136
Heroes Business Opportunity Act of 2025
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- Passed House
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Bill overview
The Heroes Business Opportunity Act of 2025 aims to support veteran and veteran spouse-owned small businesses by waiving the guarantee fees associated with loans guaranteed by the Small Business Administration (SBA). This bill modifies SBA regulations to allow the agency to forgo collecting these fees for loans specifically targeted at veterans and their families, provided certain conditions are met. Specifically, the loans must not be for activities covered by certain SBA programs and the loan amount must be under $1,000,000. This change is intended to reduce the financial burden on veteran entrepreneurs.
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