This bill, known as the "Heroes Business Opportunity Act of 2025," seeks to support veteran entrepreneurs by waiving the guarantee fee for certain Small Business Administration (SBA) loans. It amends the Small Business Act to prevent the SBA from collecting this fee for qualifying business loans, thereby reducing costs for military-affiliated small business owners. The waiver applies to loans made to small business concerns owned by a veteran or spouse of a veteran , provided the loan is not from specific programs and the deferred participation share does not exceed $1,000,000 . The definition of "veteran or spouse of a veteran" is comprehensive, encompassing veterans, active service members, reservists, their spouses, and certain surviving spouses. This initiative aims to foster economic opportunities and ease the financial burden for those who have served.