VA SBA LOAN

[adam clingan]

I am new to this and trying to absorb as much information as possible. I am in central FL and many laundromats are around the $250k and up price range. My wife and I have no debt other than our home which is modest. If we make around 150-200k a year together and have 800 plus credit, how hard would a VA SBA loan be to get? Any idea on the range of interest rates? We are hoping to have about $100k saved up within the next year. I would rather use as much of the bank’s leverage as possible to keep cash on hand for growing the business, emergency fund, repairs, and general peace of mind until I get the hang of the business. If anyone has any insight or recommended companies I would love to hear about them. Or if you have any other VA programs that I may take advantage of.
Thank you all so much.

[Sean Barker]

With your high credit scores and strong annual income, securing a VA SBA loan shouldn’t be too difficult—especially since lenders often use credit bureaus like TransUnion to evaluate eligibility. Interest rates typically vary based on market conditions, but your profile should help you secure favorable terms. Keeping extra cash aside for business growth and unexpected expenses is definitely smart. You might also want to talk directly with local SBA-approved lenders who specialize in veteran-friendly programs. Best of luck with your laundromat venture!

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