Heroes Business Opportunity Act of 2025

This bill changes the Small Business Act so that the Small Business Administration may not charge its guarantee fee on certain 7(a) business loans made to small businesses owned by veterans or their spouses. The waiver applies when the guaranteed share of the loan is $1,000,000 or less and the loan is not made under two specific loan programs (paragraphs 36 and 37). Eligible owners include veterans, people eligible for the military Transition Assistance Program, members of the reserves, their spouses, and certain surviving spouses. The bill also removes an existing subparagraph from a separate section of the law on loans and renumbers the one after it.

Full text and official record on Congress.gov

Sponsors

• Jeanne Shaheen Democrat sponsor
• 1 cosponsors