SMB Law Group Highlights New SBA Financing Flexibility for Veteran Business Buyers

ORLANDO, Fla., November 9, 2026 — SMB Law Group LLP is highlighting a new U.S. Small Business Administration policy that could make it easier for eligible military veterans to acquire an existing business through the SBA 7(a) Loan Program.

Announced November 9, the policy takes effect on Veterans Day, November 11, 2026, and is scheduled to remain in place through fiscal year 2027. It allows eligible veteran buyers to satisfy the full required 10% acquisition equity contribution through permitted outside funding sources, subject to applicable SBA requirements and lender approval.

The change could reduce the personal savings veterans need to commit to a business acquisition. Permitted sources may include qualifying investor capital and seller standby financing. The required contribution remains 10% of total project costs.

For example, a transaction with $1 million in total project costs would require at least $100,000 in acquisition equity. Under the announced policy, an eligible veteran could potentially obtain the entire $100,000 from permitted outside sources, preserving personal liquidity during the transition into ownership.

“A veteran can be ready to run a business without having six figures available for a down payment,” said Eric Pacifici, co-founder and managing partner of SMB Law Group. “This change could help more veterans get to the closing table while keeping savings available for the transition into ownership.”

The new flexibility may also give business owners preparing to sell a broader pool of potential buyers. Buyers should work with their lender and acquisition counsel to confirm eligibility, permitted funding sources and the required terms of any seller financing or outside investment. Financing remains subject to underwriting and applicable personal-guarantee requirements.

SMB Law Group advises business buyers and sellers on acquisition structure, negotiations and closing, including transactions financed through the SBA 7(a) program. Veterans evaluating an acquisition can contact the firm to discuss how the announced policy may affect their transaction.

About SMB Law Group

Founded in 2022, SMB Law Group LLP represents entrepreneurs, business owners, investors and acquisition sponsors nationwide. The firm focuses on mergers and acquisitions involving Main Street and lower middle market businesses, with legal support from the letter of intent through closing.

Learn more or contact the firm at smblaw.group/contact.