Small Business Grants for Veterans

Small Business Grants for Veterans

Often retired, working or service disabled Veterans look for opportunities to start their businesses but lack of funds and assistance cause a barrier in the fulfillment of their dreams. As per the SBA 2012 Veterans’ Report, there are almost 2.4 million businesses run by Veterans in the country which are still escalating.



To boost further growth and development of businesses the government, state and recognized agencies offer funding aid, grants and benefit programs to Veterans for their undertakings. This has created better prospects for Veterans to accomplish their goals.

List of Small Business Assistance Programs for Veterans

The U.S. Small Business Administration (SBA)

The SBA has multiple plans and business programs that assist Veterans and service related disabled Veterans to establish their independent business undertakings. The programs offer the required resources like planning, training, survey, customers, etc that help in commencing, functioning and developing of small businesses. The following are the list of programs offered:

·         Starting a business
·         Growing a business
·         Financing a business
·         Mentoring and training
·         Selling to the government

Besides, SBA offers many loan programs like Patriot Express Pilot Loan, Military Reservist Economic Injury Disaster Loan (MREID) and Express Loan Program that offers loans up to $350,000.

Office of Veterans Business Development

Administered by SBA, the Office of Veterans Business Development offers many assistance programs and services to Veterans, helping them commence their independent businesses and procure government contracts for steady growth and development. Veterans interested in starting their venture can apply at the main office of SBA or in the state office where an official staff person is designated to guide applicants.

Moreover, Veterans can avail professional training, mentoring, counseling and ideas about business planning from the SBA Veterans Business Outreach Centers located in almost all regions. It gives a clear understanding of the procedures and the right proposal to start business.

Venture Capital Fund

Businesses owned, commenced, headed and managed by US Veterans can now avail Veterans’ Opportunity Fund (VOF), a venture capital fund offered for investment purpose. Eligible Veterans can obtain funds to maximum of $3 million for the growth and development of businesses specializing in specialty manufacturing, technology, business services and healthcare.

Self-Employment Grant Program

The Veterans Administration provides self-employment program to the service-disabled Veterans, enabling them to fund for marketing, training, supplies, licensing fees or buy equipment, inventory or any other start-up requirements. The Veterans just need to contact their VA office to apply for the program.

There are however, two groups---Category I and Category II. The former category is related to Veterans with severe service-related disabilities while the latter category relates to not so severe employment related disability. The grants depend on the category in which the Veterans belong. Submit your business plan in VA for consideration.

If you have served the nation before and now looking to invest in no-profit business then start applying for the small business programs specialized for Veterans for funds. Get information about the application procedures, resources and funding opportunities available, the eligibility criteria and start applying today.


Comments

Post a Comment

Popular posts from this blog

Housing Grants for Low Income Families

Image
Housing Grants for Low Income Families to Improve Their Home A protected and permanent shelter is an essential pre-requisite for all but not all have the financial strength to purchase a home or reside in a rented apartment. In US there are several low income families who face eviction and foreclosure every year due to shortage of funds and become homeless. To lend help and housing support to such monetarily distressed families the government, states, nonprofits, community agencies and organizations have initiated several housing grants and programs that assist in paying the rent and mortgages and also offer financial backing for home purchasing. Let’s have a look at the housing grants. U.S. Department of Housing and Urban Development (HUD) Low income families may seek assistance from HUD for their rental needs. It’s a federal agency that offers approximately $1 billion every year for the safe and secured housing of the financially constrained people. The funds ar
Keep reading

Apply Federal Loans for Single Mothers to Start Small Business

Image
Federal Loans for Single Mothers The countless dreams of single mothers have been turned into reality with the innumerable grants offered by the federal government, public or private organizations, state and local authorities and nonprofit organizations. With the upsurge in the economy, women have set milestones by starting business at an accelerated pace. The National Women’s Business Council states that in 2014 at least one of four companies were owned by women entrepreneurs thus, attaining the title of “fastest growing sector in the small business community. In U.S. more than 9.1 million businesses are women owned. If you too wish to establish your own business venture for an independent and secured profession then start today. For a single mother the decision can be challenging along with home, family, children and job to manage. The government has thus, contrived several grant for single mothers for small business, offering financial assistance to cover the establi
Keep reading

Small Business Grants for Veterans 2018: The Complete Guide

Image
Small Business Grants for Veterans After going or discharging from the strenuous responsibility, the army experts frequently face the vicious truth in their schedule lifestyle. In short, the strain starts for them in buying job, to get along with the new type of perform which may be just reverse to their army perform or building a house. How to Apply Small Business Grants for Veterans Due to this, the government and some of the companies with non profitable organisations have provided grants to help make them for a conversion from the army perform to the private perform much easily. This is the least thing that can be done for them for the support they have delivered to the loved nation. Some of the experts, after treated off from army may not like the private lifestyle relaxing. This is mainly true for the professionals in the non technological area. The grants are available in various types and experience to support each expert to find a position in the private lifestyle.
Keep reading