NAGGL Veteranborrower/Lender Template
NAGGL VeteranBorrower/Lender Template
With an influx of veterans returning home, opportunities are increasing for lenders to help these veterans transition from the battlefield to small business ownership. Sharing stories about your loans to veterans helps spread the word about the program and demonstrates NAGGL's commitment to veterans.
Utilizing a press release to bring attention to a recent loan made to a veteran in your community is a great opportunity to engage with media and policymaker and educate them on SBA loan recepients in their community. The following template provides you with a framework of a press release to help you amplify critical messaging regarding the value of small business lending upon closing a loan. As always, feel free to tailor this release accordingly to fit your borrower’s needs and ensure their approval of any information you plan to distribute regarding their loan.
At NAGGL, we hope this provides you with resources needed to confidently reach out to your local media and policymakers. Your help is needed to increase awareness of 7(a) lending outside of the small business community and create additional advocates of the job creation and economic growth our members are spurring across the country.
If you have any questions regarding this process or best practices when reaching out to media or policymakers, don’t hestitate to contact us at
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BORROWER LETTER
[Name], ntribution to the board me addition to our growing membership base.11111111111111111111111111111111111111111111111111111[INSERT COMPANY LOGO HERE]
The Honorable [INSERT NAME]
United States (Senate/House of Representatives)
[Office Address]
Washington DC (20510/20515)
Dear (Senator/Representative) [INSERT NAME HERE],
As a constituent, and veteran who served in the [BRANCH OF MILITARY], and small business owner, I want you to know that I recently received access to capital through a Small Business Administration 7(a) loan which will allow my business [INSERT BUSINESS NAME] to [BRIEF DESCRIPTION OF LOAN PURPOSE].
Through this lending initiative, I am able to [CREATE/RETAIN] XX jobs in [COMMUNITY NAME/STATE] that would have not been possible without the financing opportunity created through the Small Business Administration’s public-private partnership. In the future, I urge you to continue to support funding to SBA initiatives, as the 7(a) program provided vital support to me as a small business owner and allowed me to revitalize the economy and provide job growth in my local community.
According to data released by the Small Business Administration, in 2013, the SBA experienced its third highest year of lending to date, supporting more than $29 billion dollars in loans across its varied programs. SBA’s flagship 7(a) program supported $17.9 billion loans to more than 46,000 small businesses in fiscal year 2013, providing financing that often fills an important void for startup and early-stage companies that need access to longer-term loans. We need the continued support of you and your colleagues to ensure the long term viability of SBA lending initiatives in the future as we look to continue the economic resurgence that has led been by the small business sector and I urge to be active in support of this issue.
I would be honored to have you as a guest of my business at anytime, if you are interested in stopping by and seeing a small business in action in [COMMUNITY/STATE], please don’t hesitate to contact me.
Best,
[NAME]
[POSITION], [COMPANY]
[ADDRESS]
[CITY], [STATE]
LENDER LETTER
[INSTITUTION LOGO]
The Honorable [INSERT NAME]
United States (Senate/House of Representatives)
[Office Address]
Washington DC (20510/20515)
Dear (Senator/Representative) [INSERT NAME HERE],
As a [POSITION] at [LENDING INSTITUTION], it give me great pleasure to inform you that my institution recent closed a 7(a) loan to a veteran [INSERT BRANCH OF MILITARY]in your [COMMUNITY/STATE]. This financingbrings a dynamic small business offering to [CITY], spurring job growth and economic revitalization for [STATE NAME] as a part of a public-private partnership made possible through the Small Business Administration.
[LENDING INSTITUTION] is proud to be a 7(a) lender, joining thousands of institutions across the country committed to leveraging small businesses as an incubator of economic revitalization. According to data released from the Small Business Administration, in 2013, the SBA experienced its third highest year of lending to date, supporting more than $29 billion dollars in loans across its varied programs. SBA’s flagship 7(a) program supported $17.9 billion loans to more than 46,000 small businesses in fiscal year 2013, providing financing that often fills an important void for startup and early-stage companies that need access to longer-term loans.
As a member of the financial industry, our priority has always been to provide financing to our borrowers and we look forward to continuing to make a difference in the lives of small business owners and the customers they serve on a daily basis. Accordingly, we need your continued support to ensure the long term viability the 7(a) lending for years and continue the economic resurgence that has been led by the small business sector
Best,
[NAME]
[POSITION], [COMPANY]
[ADDRESS]
[CITY], [STATE]