Waives guarantee fee for certain business loans made to veterans and spouses of veterans.
The Heroes Business Opportunity Act of 2025 waives the guarantee fee for certain business loans made to veterans and spouses of veterans. This waiver applies if the loan is made to a small business concern owned by a veteran or spouse of a veteran, and the deferred participation share of the total loan amount is not more than $1,000,000. The term "veteran or spouse of a veteran" includes veterans, individuals eligible for the Transition Assistance Program, members of reserve components, spouses of such individuals, and surviving spouses of individuals who died while on active duty or due to a.
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