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The advantage of starting a veteran-owned business

| Sep 16, 2018 | Uncategorized

American veterans receive several well-earned benefits once they return to civilian life. They may receive employment preference, additional financial assistance for higher education or enjoy various discounts and benefits while traveling or shopping. These are just a few of the ways that the citizens of The United States say that they appreciate and value their service.

Less-known benefits that veterans have access to center around starting their own business. Enterprising vets may receive a host of discounts, boosters and education designed to help them get their business of the ground.

Benefits for veteran entrepreneurs

If you are a veteran with an entrepreneurial drive, the Small Business Administration is available to give you a leg up on starting your business. They offer several programs, including the SBA Veterans Advantage, which provide guarantees on loans for businesses owned by veterans or their spouses.

For individuals not quite ready to start their new enterprise, SBA also offers several training programs exclusively for veterans. These programs are designed to fit any individual’s needs. You can hone your drive for business with:

  • Boots to Business – A generalized entrepreneurial class designed to help you get your head around business ownership. Available for veterans and their spouses alike, this program is also available to National Guard and Reserve members.
  • Women Veteran Entrepreneurship Training Program – Entrepreneurial training specifically for women seeking to start or grow their businesses; these programs are available to female veterans and service members, as well as spouses of veterans and service members. You will be able to receive training from V-WISE and Bunker Labs, to name a few.
  • Service Disabled Veteran Entrepreneurship Training Program – Service-disabled veterans are also granted several programs, including Entrepreneurship Bootcamp for Veterans with Disabilities. Those that qualify, as well as their family caregivers, will have access to top tier training designed to open new opportunities.

This is by no means a comprehensive list of financial benefits or training for vets. Speak to Veterans Affairs or the Small Business Administration to see what they can offer you at your specific direction.

More experience, new experiences

Military service provides on-the-job experience unlike any other vocation in the world. Harnessing the discipline, drive and determination you have developed is all it takes to be off and running on a new venture. There is no shortage of benefits to help get you started, not to mention the pride your customers will feel supporting both a veteran and a local business.

If you feel like you’re ready, contact the Small Business Administration to find out how they can help you along the way to achieving your own version of The American Dream.

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