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Sunday, February 26, 2017

Why Veterans Should Look Into These 4 Small Business Financing Opportunities

veterans_should_look_into_these_small_business_financing_opportunities
There were 2.45 million businesses with majority ownership by veterans in the U.S., according to the 2007 Survey of Business Owners data released in 2011. Veterans play an important role as small business owners in contributing to the overall economy of the U.S. There has never been a better time for veterans to look into the many sources of funds and financing available to veteran entrepreneurs.

4 business financing opportunities for veterans who want to be entrepreneurs

#1 U.S. Small Business Administration (SBA) - offers loan options designed for veteran business owners. Loans up to $350,000 are available at reduced fees. In addition, veteran borrowers will no longer have to pay an upfront fee for any loan up to $350,000 under the SBA Express program. Find out more information by visiting www.sba.gov/offices/district/pa/pittsburgh/resources/sba-business-loan-information-veterans

#2 The Veterans Business Fund - the Veterans Business Fund (VBF) is a non-profit organization designed to focus specifically on service members. VBF offers non-interest bearing loans to veteran business owners at terms of five years or longer, providing them with the supplemental capital required to satisfy the equity requirements for a small business loan. Find out more information by visiting veteransbusinessfund.org/about-the-fund

#3 The Veterans Business Resource Center - provides training for veterans on several aspects of entrepreneurship, from marketing to sales to business planning, and much more. It teaches veterans how to launch a business. Find out more information by visiting www.vetbiz.com/

#4 Veteran Entrepreneur Portal - helps veteran small business owners access Federal services, and connects veteran entrepreneurs to relevant ‘best-practices’ and information and access relevant Federal, state, and local programs and services geared toward the Veteran small business community. Find out more by visiting www.va.gov/osdbu/entrepreneur/

Read more at blog.credit.com/2017/02/great-financing-resources-for-veteran-entrepreneurs-166283/
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