The Department of Veterans Affairs and the Small Business Administration
The Department of Veterans Affairs (VA) is a benefit system set up to aid military veterans. The VA’s mission statement is: “To fulfill President Lincoln’s promise ‘To care for him who shall have borne the battle, and for his widow, and his orphan’ by serving and honoring the men and women who are America’s veterans.”
The VA itself does not give out business loans. VA business loans are given by the Small Business Administration (SBA) to veterans, soldiers, and military wives and widows. The SBA’s Office of Veterans Affairs oversees this lending, which is why these loans have come to be known as VA business loans.