Section 1 Short title
This Act may be cited as the “Heroes Business Opportunity Act of 2025”.
Heroes Business Opportunity Act of 2025
A BILL
To waive the guarantee fee for certain business loans made to veterans and spouses of veterans.
Sec. 2 Waiver of guarantee fee for certain business loans made to veterans and spouses of veterans
Section 7(a) of the Small Business Act (15 U.S.C. 636(a)) is amended—
in paragraph (18)—
in subparagraph (A), in the matter preceding clause (i), by striking “With respect” and inserting “Except as provided in subparagraph (C), with respect”; and
by adding at the end the following:
“(C) Exception
“(i) In general—Notwithstanding subparagraph (A), the Administration may not collect a guarantee fee under subparagraph (A) with respect to a loan guaranteed under this subsection if—
“(I) the loan is not made under paragraph (36) or (37);
“(II) the loan is made to a small business concern owned by veteran or spouse of a veteran; and
“(III) the deferred participation share of the total loan amount is not more than $1,000,000.
“(ii) Definition—In this subparagraph, the term veteran or spouse of a veteran means—
“(I) a veteran;
“(II) an individual who is eligible to participate in the Transition Assistance Program established under section 1144 of title 10, United States Code;
“(III) a member of a reserve component of the Armed Forces named in section 10101 of title 10, United States Code;
“(IV) the spouse of an individual described in subclause (I), (II), or (III); or
“(V) the surviving spouse (as defined in section 101 of title 38, United States Code) of an individual described in subclause (I), (II), or (III) who died while serving on active duty or as a result of a disability that is service-connected (as defined in such section).”
in paragraph (31)—
by striking subparagraph (G); and
by redesignating subparagraph (H) as subparagraph (G).