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According to the most recent census data, there are 2.45 million veteran-owned businesses in the U.S. Veteran entrepreneurs contribute to the economy through their businesses and their willingness to hire veterans.
There are a number of funding resources available to veterans in order to get their business off the ground, or expand an existing business.
• The Office of Veterans Business Development, through the Small Business Administration (SBA) supports new and existing veteran entrepreneurs and military spouses. The program offers a variety of training and financial services. The SBA Veterans Advantage Guaranteed Loans program offers loans of $150,000 or less with no guaranty fee. Larger loans carry a low guarantee fee. SBA Express Loans have no upfront borrower fee for eligible veterans and military spouses on loans up to $35,000. Leveraging Information and Networks to Access Capital matches businesses with SBA-approved non-profit lenders. The 7(a) Loan Program is the SBA’s most common loan program, and includes financial help for businesses with special requirements.
• The Department of Veteran Affairs is a great starting point when looking for financing, and has created the Veteran Entrepreneur Portal (VEP), which can help you quickly identify financing resources for your business.
• The Military Reservist Economic Injury Disaster Loan provide funds to eligible small businesses to meet necessary operating expenses that it could have met, but is unable to meet, because an owner/essential employee was “called-up” to active duty.
• The USDA Veteran and Minority Farmer Grant, run by the Department of Agriculture, aims to bring traditionally underserved people into farming through training and technical and financial assistance.
• The VetFran(R) program is designed to help veterans start their own business. While these aren’t traditional business loans for veterans, the program offers financial incentive for veterans to launch a franchise.
In addition to lending resources, don’t discount the value of networking resources. Who better to share advice than those who have walked the path before you?
• American Corporate Partners links veteran entrepreneurs with successful businesspeople for training and mentorship.
• National Veteran-Owned Business Association presents you with a great networking opportunity and the chance to learn much more about running a business.
• SCORE Foundation Veteran Fast Launch Initiative offers advertising, marketing and business mentoring, all at no cost.

• Syracuse University’s Institute for Veterans and Military Families provides entrepreneurial training. Their Entrepreneurial Bootcamp for Veterans program is free for post-9/11 veterans.
• Veterans Business Resource Center provides business consulting and mentoring.
• Veterans Business Services can assist in obtaining capital for your business.

Money: It’s one of the biggest factors in starting a business. How much do you need and what types of financial products does the U.S. Small Business Administration offer? Join Alexandra Piotrowski, Economic Development Specialist from the Washington Metropolitan Area District Office, as she talks about SBA financial products during a panel discussion at the 2nd Annual Food and Beverage Industry Symposium and Expo on August 25, 2014. In addition, she will answer questions from prospective and current entrepreneurs.

Date: August 25, 2014
Time: 8:30 a.m. to 1 p.m.
Place: Walter E. Washington Convention Center
801 Mount Vernon Place NW
Washington, DC 20001

For more information, visit www.entreedc.com or contact Claudia Herrera or Jacqueline Noisette

There are many business loans for veterans, order business loans for military and service disabled veteran business loans available. Most of these small business loans are provided by the Small Business Administration and some are specifically created for veteran business owners, more about military business owners and vet-owned businesses. The Small Business Administration understands the value of small businesses owned by veterans—vet-owned businesses make up about 5% of the total small business market—and want to help support them by offering these service disabled veteran business loans, business loans for veterans and business loans for military businesses. Small business loans are, sometimes, the only way veterans wanting to become veteran business owners or military business owners can pursue those dreams.

The Small Business Administration recently enacted the Patriot Express Loan, a program providing business loans for veterans, business loans for military and service disabled veteran business loans for military and veterans looking to start a new business. They are similar to regular small business loans but the Patriot Express program is available only to prospective veteran business owners and military business owners. Utilizing resources from the Small Business Administration such as the Patriot Express Loan Program can jumpstart vet-owned businesses and other military owned businesses.

Veteran and Military Business Owners Association (VAMBOA) acts as a great connection between vet-owned businesses, veteran business owners and military business owners. It bridges the gap between veterans and the small business loans they need by connecting veterans and businesses with the Small Business Administration and other veteran business owners. The best way to find out about the best loans for small businesses is by connection with others who are either experienced with loans or who are also searching for business loans for veterans, business loans for military organizations or service disabled veteran business loans. VAMBOA is a key resource when it comes to business loans for veterans.

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