AMGEN
 

VAMBOA NVSBEVeterans who are interested in starting or expanding their small businesses should save the date and register today for the largest and most comprehensive Veteran Small Business Expo of the year.

Each year, for the last four years, the Department of Veterans Affairs (VA) and several other government agencies have collaborated to put on the largest event for Veteran entrepreneurs in the country, called the National Veterans Small Business Engagement (NVSBE).

The theme of NVSBE 2014 is “ACCESS” which is an acronym for “Advocate, Create, Commit, Expand, Strengthen, Sustain.” The event is designed to connect Veteran-owned Small Businesses and Veteran entrepreneurs with exclusive access to networking opportunities and learning sessions.

With 3,000 attendees expected, as well as more than 400 exhibitors and 25 government agencies, the NVSBE is a must-attend event for Veteran-owned small businesses.

The NVSBE is chalk full of activities designed to aid in the success of Veteran business ventures. Each day of the event has an Agenda that includes networking functions and breakout learning sessions.The learning sessions consist of dozens of topics that attendees can register for, according to their needs. Topics include creating a small business, business expansion, financing, government contracts, Veterans assistance, procurements, sustaining a small business, leadership, service-disabled Veteran-owned business resources and many more. The last day of the event includes an awards ceremony and one-on-one follow-up meetings with procurement decision makers and program professionals.

One of the most advantageous reasons to attend the NVSBE is the direct access to procurement decision makers, program specialists and acquisition staff from government agencies and large corporations.

The three day event will be held on December 9, 10 and 11, 2014, at the Georgia World Congress Center in Atlanta. To register for the 2014 NVSBE in Atlanta, please visit the Registration Information Page.

The Veteran and Military Business Owners Association (VAMBOA) is a non-profit business trade association that promotes and assists Veteran Business Owners, Service Disabled Veteran Owned Businesses (SDVOB) and Military Business Owners. Small businesses are the backbone of our economy and responsible for job generation. That is why VAMBOA provides its members with Business Coaching, Contracting Opportunities, a Blog that provides information, Networking contacts and other resources. Membership is FREE to Veterans. Join Now!

VAMBOA: Veterans Small Business Expo: By Debbie Gregory

VAMBOA no fee loans

There is great news for veteran entrepreneurs! The U.S. Small Business Administration (SBA) is extendingits Veterans Advantage program through September 30, 2015. The Veterans Advantage program is also being expanded to include loans up to $5 million. The SBA will continue to offer its provision to eliminate the upfront fee paid by all borrowers for the guaranteed portion of 7(a) loans of $150,000 or less.

Prior to the change, entrepreneurs using the SBA guarantee through private lenders had to pay up to 2% of the guaranteed portion of their loans. This would leave small business owners with fees of up to $2,700.

The SBA is also waiving servicing fees for participating lenders paid by them on loans of $150,000 or less.  Beginning on October 1, 2014, the servicing fee that lenders pay each month on 7(a) loans greater than $150,000 will drop to 0.519% on the guaranteed portion of the outstanding balance.

The up-front guaranty fee is being waived for qualified Veteran owned small business owners using SBA Express loans for amounts up to $350,000.  For Veterans using 7(a) loans outside the Express program, upfront fees continue to be waived for loans up to $150,000.

For loans of $150,000 to $5 million, with a maturity in excess of 12 months, the no upfront-fee will drop by 50% using this formula:

Loans of $150,001 to $700,000 will be at 1.5% of the guaranteed portion.

Loans of $700,001 to $5,000,000 will be at 1.75% of the guaranteed portion up to $1,000,000, plus an additional 1.875% of the guaranteed portion over $1,000,000.

Loans with a maturity of 12 months or less can expect to pay an upfront fee of 0.125% of the guaranteed portion.

In order to qualify for SBA Veterans Advantage, small businesses must be at least 51% owned and managed by an individual or individuals who are veterans, service-disabled veterans, active duty military service member participating in the military’s Transition Assistance Program (TAP), Reservists and National Guard members. Also eligible are the current spouses of any of the previous,  or the widowed spouses of service members who died while in service, or of a service-connected disability.  Verifying documentation proving eligibility is required.

The Veteran and Military Business Owners Association (VAMBOA) is a non-profit business trade association that promotes and assists Veteran Business Owners, Service Disabled Veteran Owned Businesses (SDVOB) and Military Business Owners. Small businesses are the backbone of our economy and responsible for job generation. That is why VAMBOA provides its members with Business Coaching, Contracting Opportunities, a Blog that provides information, Networking contacts and other resources. Membership is FREE to Veterans. Join Now!

VAMBOA: SBA Extends No-Fee Loans: By Debbie Gregory

SBA Michigan District Office

Take advantage of Early Bird Registration through September 30th!

Ford Motor Company’s Dan Fortunato, Director of Construction and Services Purchasing will be providing the luncheon keynote address for this year’s conference.  To register click on:  http://private.vetbizcentral.com/main.sc

Veterans Business Confernce

VAMBOA DOTThe U.S. Department of Transportation (DOT) views military Veterans as a valuable resource, one that needs to be cultivated and utilized. Proving that the department isn’t just offering lip service, the DOT’s Office of Small and Disadvantaged Business Utilization (OSDBU) has been teaming with the U.S. Small Business Administration (SBA) and other partners to administer the Boots to Business: Reboot program to Veterans and Veteran entrepreneurs.

Through the summer of 2014, Boots to Business: Reboot has presented instructional events with discussions on topics such as developing a business plan, molding business concepts, and overall business fundamentals. Veterans were also connected to a network of resources through the OSDBU and its Small Business Transportation Resource Centers.

The OSDBU’s centers work closely with the transportation contracting community to assist transportation-related businesses in their respective regions. The resource centers also serve to provide business counseling to Veteran-owned businesses.

Veteran entrepreneurs participating in the Boots To Business: Reboot were also connected with resources conducive to locating access start-up capital and additional technical assistance. These resources include: Veteran Business Outreach Center, Women’s Business Centers, Small Business Development Centers, and SCORE Counselors.

The DOT sees Veterans as natural entrepreneurs who can make a real impact on the transportation industry. Veterans are disciplined and mission-oriented. Veterans are also decisive and are used to being held accountable.

Unemployment among Post-9/11 Veterans has been consistently higher than the national average. With an increasing number of locally and federally sponsored business ownership programs available to current and former Military personnel, it only makes sense for Veterans to pursue entrepreneurship.

The Veteran and Military Business Owners Association (VAMBOA) is a non-profit business trade association that promotes and assists Veteran Business Owners, Service Disabled Veteran Owned Businesses (SDVOB) and Military Business Owners. Small businesses are the backbone of our economy and responsible for job generation. That is why VAMBOA provides its members with Business Coaching, Contracting Opportunities, a Blog that provides information, Networking contacts and other resources. Membership is FREE to Veterans. Join Now!

VAMBOA: Training for Veteran Entrepreneurs: By Debbie Gregory

VAMBOA and brazzlebox for VAMBOAThe Veteran and Military Business Owners Association (VAMBOA) is partnering with Brazzlebox to provide more services to Veteran owned businesses. This co-op is great news for Veteran entrepreneurs!

At VAMBOA, we are proud to provide resources and information for our members. To that end, we have joined forces with Brazzlebox, a social media website that is set to officially launch on September 18, 2014. The website is a networking resource, designed to connect and promote small and home-based businesses. Brazzlebox will allow small owners to create profiles and setup their own custom outreach, based not only on their geographic location, but also their industry.

Brazzlebox’s Founder and CEO Glen Zinszer came up with the idea for the resource through his own experience as a small business owner. Zinszer has owned and operated a retail store and an insurance firm. Brazzlebox is intended to bring small business owners together in order to share ideas and experiences.

As a team, Brazzlebox and VAMBOA will provide Veteran and service-disabled Veteran small business owners with useful information for starting, maintaining and expanding their companies. The co-op will also allow VAMBOA members to use Brazzlebox to create a network of Veteran small business owners so that they can share knowledge, experience regarding their common needs, concerns and goals.

VAMBOA membership is free to all military and Veteran business owners.

The Veteran and Military Business Owners Association (VAMBOA) is a non-profit business trade association that promotes and assists Veteran Business Owners, Service Disabled Veteran Owned Businesses (SDVOB) and Military Business Owners. Small businesses are the backbone of our economy and responsible for job generation. That is why VAMBOA provides its members with Business Coaching, Contracting Opportunities, a Blog that provides information, Networking contacts and other resources. Membership is FREE to Veterans. Join Now!

VAMBOA: VAMBOA to Team with Brazzlebox: By Debbie Gregory