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bobaloub asked in Politics & GovernmentMilitary · 1 decade ago

How easy is it to get Money from the VA?

My friend says he's going to get money from the VA to start his own business....he talking like they will just hand him money and he will go out and buy a lot of stuff. And if the business fails he won't have to pay any of the money back and he'll get to keep everything he bought.

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  • Anonymous
    1 decade ago
    Favorite Answer

    your friend is ignorant. yes he can get a business loan, that is true but if he fails at his business he will still have to pay back the money. it is a loan just like from a bank. he pays or gets screwed.

  • Anonymous
    1 decade ago

    The VA has standards like most agencies but they just have to be slightly less " a$$hole like " than regular lenders and yes they usually back their loans with 80% of the amount borrowed but realize they do this to help veterans and if you screw of a VA loan it does fck your credit like a regular loan and will may *** off your chances of ever getting another, way more difficult to get another in the future, think a civilian loan standards are bad just wait till you screw over the VA. Yes he/she is still liable for the amount owed, period!

    Source(s): Veteran
  • Anonymous
    1 decade ago

    i'm a social worker and i try to get things for my patients everyday from the VA. it's freakin hard. almost as bad as trying to squeeze money out of Medicaid.

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