小企业局放宽退伍军人收购小企业融资：10%首付可全部由外部资金筹集
美国小企业局（SBA）11月9日在华盛顿宣布，在全国退伍军人小企业周第一天推出7(a)贷款新规：退伍军人通过7(a)贷款计划收购现有小企业时，须投入的10%自有资金今后可全部由许可的外部资金来源筹集，不必再动用个人储蓄。新规自今年退伍军人节起实施，一直持续到2027财年结束。
按原有规定，收购现有小企业的买家须投入至少相当于项目总成本10%的自有资金，其中卖方备用票据、投资者资本和外部股权出资等外部来源最多只能占一半。新规实施后，符合资格的退伍军人买家可以把这10%全额用外部资金解决，融资安排更灵活。
小企业局局长 Kelly Loeffler 说，在推进贷款计划现代化时，局方看到一个明确的机会，既能扶持退伍军人创业者，也能应对所谓「银发海啸」：大批年长企业主临近退休、企业亟待交接。她说，新规让退伍军人买家在凑足自有资金时有更大灵活性，为这些久经考验的领导者打开更多创业通道，他们也是下一代主街就业岗位的创造者。
小企业局说，这项调整针对的是企业交接市场的一个关键堵点。据该局倡导办公室数据，在有雇员的企业主中，51%年龄在55岁或以上，接班人储备因此格外重要。新规让退伍军人买家可以保留个人储蓄和流动性，用于收购完成后的经营周转，而不是全部锁进交易首付。
小企业局表示，这项改革是本届政府扶持退伍军人企业、加强国防工业基础、升级核心贷款计划的一环。退伍军人创业相关计划与资源的更多信息，可查阅小企业局官网的退伍军人专页。（来源：美国小企业局）
SBA Eases Financing for Veterans Buying Small Businesses: Full 10% Equity May Come From Outside Sources
The U.S. Small Business Administration (SBA) announced in Washington on November 9, the first day of National Veterans Small Business Week, a new 7(a) Loan Program policy: veterans acquiring an existing small business may now raise the entire required 10 percent equity contribution from permitted outside sources, without drawing on personal savings. The policy takes effect this Veterans Day and remains in place through fiscal year 2027.
Under the previous rules, buyers of an existing business had to contribute equity equal to at least 10 percent of total project costs, and outside sources, including seller standby notes, investor capital and external equity contributions, could provide no more than half of that amount. Under the new policy, eligible veteran buyers can raise the full amount from permitted outside sources, giving them greater flexibility to finance an acquisition.
SBA Administrator Kelly Loeffler said that as the agency worked to modernize its lending programs, it saw a clear opportunity to empower veteran entrepreneurs and to address the 'Silver Tsunami,' as a large share of business owners approach retirement. By providing veteran buyers greater flexibility to meet the equity requirements, she said, the SBA is opening up more pathways to entrepreneurship for proven leaders and problem solvers, and for the next generation of Main Street job creators.
The SBA said the policy adjustment addresses a critical bottleneck in the business transition market. According to the agency's Office of Advocacy, 51 percent of owners of businesses with employees are age 55 or older, underscoring the importance of preparing the next generation of business owners. The change lets veteran buyers retain their personal savings and liquidity to support post-acquisition operations rather than locking it into the initial transaction equity.
The SBA said the reform expands on the administration's broader agenda to support veteran-owned businesses, strengthen the defense industrial base and enhance its core lending programs. More information on SBA programs and resources for veteran entrepreneurs is available on the agency's veterans page. (Source: U.S. Small Business Administration)
来源：美国小企业局
发布：GSM·美国（发布链接）
图片来源：图：美国小企业局局长 Kelly Loeffler 官方肖像（GSM联邦固定图库）。 / Photo: SBA Administrator Kelly Loeffler, official portrait (GSM federal asset library).
GSM Global · 本篇英文版 English edition of this story
