VetLoan Advantage

To help veterans get the financing they need for small business ownership and success, the Houston-Galveston Area Local Development Corporation (H-GALDC) is proud to offer the VetLoan Advantage program.

For every SBA 504 loan funded, H-GALDC will issue a cash rebate of up to ½% of 1% of the SBA 504 loan amount or up to $5,000 to help offset the veteran’s loan expenses, including appraisal and environmental reports. For every direct loan funded through the H-GALDC Revolving Loan Fund, H-GALDC will waive the 1% processing fee and rebate that to the veteran to assist in closing cost.