You can access up to $5 million with up to 10-year terms.
Franchising – Veteran franchising entrepreneurs are preferred
in some organizations because of the training and skills they
learn serving their country.
– Businesses that hire veterans may receive up to
$1,500 income tax credits through the Work Opportunity Tax
Credit Program.
– Many organizations like the
SBA or Boots to Business offer specialized workshops to assist
veterans in starting their own businesses.
– In November of each
year, the SBA celebrates veteran-owned businesses and their
accomplishments. They also provide resources, webinars, and
other assistance to guide veterans to success.
– The SBA
dedicates a portion of its work to providing business and
personal resources, grants, loans, and education. Veterans,
service-disabled veterans, reserve members, dependents, and
survivors can all access the SBA OVBD.
– The Veterans Small Business
Enhancement Act opens the door for veteran-owned
businesses to acquire unused federal surplus supplies and
equipment for free.
Veterans can open millions of dollars’ worth of new
business through government contracting. However, it is
not an easy process.
As a veteran, particularly a disabled veteran, your business could
be preferred for eligible federal contracts and subcontracts.
To qualify, you must register the business through Vets First
VFV opens access to government contracts. Veteran-owned
businesses. Their role is to help veteran-owned businesses
network and gain government contracts.
They identify you as a veteran if you meet all requirements:
Served active duty for any amount of time for the Air Force,
Army, Coast Guard, Marine Corps, or Navy, and did not receive
a dishonorable discharge or you served as a member of the
National Guard or Reserves, and you were called to federal
active duty and disabled in the line of duty or in training status.
You or another veteran at your company must maintain control
of the daily operation, decision-making, and management
of the business. Own 51% or more of the business or work
full time at the business. You hold the highest position in the
company and/or possess leadership ability to manage the
why your lower pay helps the business). Because government
contracting can be a convoluted exercise, many vets are not
interested in pursuing this avenue. Conversely, advertising your
Veteran-owned business status on your social media, website,
SBA The Small Business Administration is a government
organization dedicated to helping small businesses succeed.
98 VETERANS AFFAIRS 90 YEARS: Military & Wellness