Small Business Grants
Small Business Grants for Disabled Veterans to
Start A Business
U.S. has more than 2.4 million
businesses being operated by Veterans that has significantly contributed for
the growth of the economy. Veterans have once served our nation and often post
retirement find it tough to sustain their living, especially is they are
disabled. Most of them possessing leadership and technical skills seek to
commence their independent business but run out of finance to realize their
dreams.
To help Veterans with their
entrepreneurial goals the government, Veteran offices, states and accredited
organizations offer financial assistance, loan programs, essential resources
and striking ideas for the commencement and growth of business. There are also
special programs for service related disabled Veterans. Start applying now to
accomplish your business goals.
Small
Business Grants that Disabled Veterans Can Apply for Small Business
The
U.S. Small Business Administration (SBA)
The SBA with its specialized Veterans Business Development (OVBD) offers the much needed
assistance and backing to Veteran entrepreneurs seeking to start a business of
their own. Its varied business programs like Starting a business, Growing a
business, Financing a business, Mentoring and training, Selling to the
government enable in entrepreneurial development and expansion.
SBA offers more than $1 billion
loans for Veteran-owned businesses along with the essential resources like
planning, survey, training, mentoring and customers for business start-ups.
Some loan programs have also been initiated by SBA like Military Reservist
Economic Injury Disaster Loan (MREID), Patriot Express Pilot Loan and Express
Loan Program, offering up to $350,000.
Self-employment
Grants for Veterans with Service Disability
The Veterans Administration
grants the self-employment program for Veterans with service related
disabilities. Interested applicants need to structure out a striking yet
feasible business plan to be submitted and may receive funds for their business
marketing, training, licensing fees and purchase of important supplies,
equipment, inventory and other start up requirements. These funds are non
repayable.
The Self-employment Grants has
two divisions Category I or Category II that determine the funding amount. Category
I is related to severe service-related disabilities while Category II addresses
Veterans having serious but not severe employment challenges. Contact your
local VA office to apply for the program.
Venture
Capital Fund Serving Veterans
Businesses run by Veterans can
obtain funds from the Veterans’ Opportunity Fund (VOF), the first venture
capital fund that invests more than $3 million for the startup, growth and
expansion of business undertakings. The funds are mostly granted for ventures
associated with healthcare, technology, manufacturing and business services.
Veterans need to submit an interesting business plan for selection.
Financial Assistance from
Non-Profit and Local Governments
Veterans may also seek funds from
some nonprofit organizations for their business undertakings. Several charities
for Veterans may agree to lend financial assistance to eligible applicants.
Moreover, local government, communities and Veteran offices can also offer
support for the venture.
There are even certified SBA loans
for disabled Veterans, funds from angel investment groups like Hivers and
Strivers and assistance from organizations and local governments. Make thorough
research about your funding sources, eligibility criteria and opportunities and
start applying today for the Small Business Grants from disabled Veterans.
Comments
Post a Comment