Bill > S3136

This bill, known as the Heroes Business Opportunity Act of 2025, aims to waive the guarantee fee for certain business loans made to veterans and their spouses. Specifically, the bill amends the Small Business Act to eliminate the guarantee fee (a standard charge for loan insurance) for small business loans up to $1,000,000 made to veterans, their spouses, and certain related individuals. The definition of "veteran or spouse of a veteran" is expansive, including not just veterans themselves, but also those eligible for the Transition Assistance Program, members of reserve components of the Armed Forces, spouses of these individuals, and surviving spouses of service members who died while on active duty or from a service-connected disability. The bill does not apply to loans under certain other specific paragraphs of the Small Business Act, and it represents a targeted effort to reduce financial barriers for veterans and their families seeking to start or expand small businesses by removing one of the typical costs associated with obtaining a business loan.

Business and Industry

https://www.congress.gov/bill/119th-congress/senate-bill/3136/all-info