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119-s-3136119th CongressWALLET

Heroes Business Opportunity Act of 2025

Sponsored By: Senator Shaheen, Jeanne [D-NH]

Introduced

Summary

Creates a fee waiver for SBA 7(a) loans made to veteran- or spouse-owned small businesses. This bill would stop the Small Business Administration from collecting the standard guarantee fee on qualifying 7(a) loans when the deferred participation share is $1 million or less and the loan is not made under the specified paragraphs. It also spells out which veterans and spouses count as eligible.

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 1 benefits, 0 costs, 0 mixed.

SBA fee waiver for veterans

If enacted, the bill would bar the Small Business Administration from collecting the guarantee fee on some SBA 7(a) loans. The waiver would apply only to small businesses owned by a veteran or a spouse of a veteran. The loan must not be made under paragraphs (36) or (37). Also, the deferred participation share of the loan must be $1,000,000 or less. The bill defines "veteran or spouse" to include veterans and those eligible for Transition Assistance. It also covers certain reserve members, their spouses, and some surviving spouses.

Sponsors & CoSponsors

Sponsor

Shaheen, Jeanne [D-NH]

NH • D

Cosponsors

  • Sen. Markey, Edward J. [D-MA]

    MA • D

    Sponsored 11/6/2025

Roll Call Votes

No roll call votes available for this bill.

View on Congress.gov
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