Veteran Loan Fund Marks Milestone with $100 Million in Business Loans to Veterans

Veteran Loan Fund Celebrates a Major Achievement

On November 25, 2025, the Veteran Loan Fund (VLF) proudly announced that it has successfully facilitated over $100 million in small business loans, benefiting 1,350 veterans and military spouses since its inception in 2021. This significant milestone is not merely a numeric achievement; it reflects the positive impact of the fund's initiatives on local economies and the lives of those who serve in the armed forces. Through these loans, more than 7,500 jobs have been created or retained across the nation, a testament to the bold vision of the VLF.

The VLF operates as a collaboration among Community Development Financial Institutions (CDFIs) and specialized partner organizations. Its primary mission is to provide accessible financial resources and support for veteran entrepreneurs who may not have conventional access to funding options. With the launch of a new $15 million round of funding, the VLF aims to support an additional 300 veteran-owned businesses in the upcoming year, underscoring its commitment to supporting the entrepreneurial spirit of veterans and military spouses.

Sheri Flanigan-Vazquez, the Chief Operating Officer of Justine Petersen, a Missouri-based CDFI and VLF member, expressed her enthusiasm regarding the new funding. “This third round of funding represents a major step forward for veteran entrepreneurs,” she stated. Building on previous successes, this latest initiative is expected to empower veterans with the capital and business coaching needed to expand their ventures, thereby driving local job creation and community strengthening.

The resources offered through the Veteran Loan Fund are tailored specifically for veterans and military spouses. Interested applicants can access various forms of financial and technical assistance via the website, www.veteranloanfund.com. The process begins with a custom-designed assessment that collects essential information about the applicant and their business. This assessment not only performs a loan readiness check but also evaluates risk factors, ultimately connecting applicants with a suitable CDFI or national education partner.

In addition to facilitating loans, the VLF provides crucial marketing support for its member CDFIs, enhancing lead generation to better serve veteran entrepreneurs. Through a centralized platform, VLF members can efficiently manage leads, funding allocations, and reporting, thereby streamlining their processes.

Ray Pennie, a veteran and Chief of Business Advisory Services for a Georgia-based CDFI and VLF member, expressed gratitude to those who supported the initiative. “Their trust has made possible thousands of real livelihoods that strengthen communities across the country,” he remarked, highlighting the essential relationship between community support and the success of veteran-owned businesses.

For veterans and military spouses looking for financial opportunities, the website offers a brief online assessment to match them with the appropriate resources. Entrepreneurs are encouraged to apply for low-interest loans and can also access complimentary technical assistance, which includes resources for business coaching and education, regardless of whether they secure funding.

The Veteran Loan Fund recognizes the role of its partners and investors in making its mission a reality. Notable contributors such as Bank of America, which led the investment for the first two rounds, along with JPMorgan Chase, Wells Fargo, and other foundations, have been invaluable in fostering veteran entrepreneurship. Their collective support has enabled the VLF to continue its impactful work.

In conclusion, as the Veteran Loan Fund marks this remarkable milestone, it continues to pave the way for future success stories among veterans and military spouses. By providing access to essential resources and financial support, the VLF is not only transforming lives but is also contributing positively to the broader economy.

For those interested in learning more about the Veteran Loan Fund or accessing its services, visit www.veteranloanfund.com.