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sba

The U.S Small Business Administration (SBA) is looking to serve small business owners as they look for ways to access capital.

Earlier this year, symptoms the SBA implemented a new measure to help get small business loans into the hands of veterans.  To continue supporting America’s veterans, the SBA Veterans Advantage reduces the up-front guaranty fee from 3% to 0% for SBA Express loans over $150,000 approved to small businesses owned by qualified veterans.

The SBA has implemented this measure in order to encourage greater participation in SBA lending programs with a direct benefit to veteran-owned small businesses.

This measure set the borrower upfront fee to zero for all veteran loans authorized under the SBA Express program (up to $350,000) which accounts for 73 percent of these loans.  The initiative started on January 1st, and will continue through the end of the fiscal year.

This change makes loans more affordable for borrowers.

Again, this policy announcement means that under the SBA Express program, veteran borrowers will no longer have to pay any upfront fee for any loan up to $350,000.

SBA provides veterans access to business counseling and training, capital and business development opportunities through government contracts. In FY 2013, SBA supported $1.86 billion in loans for 3,094 veteran-owned small businesses.   And since 2009, the dollar amount of SBA lending support to veteran-owned firms has nearly doubled.

Businesses must be 51% or more owned and controlled by an individual or individuals in one or more of the following groups: Veterans (other than dishonorably discharged); Service-Disabled Veterans; Active Duty Military service member participating in the military’s Transition  Assistance Program (TAP); Reservists and National Guard Members; or the Current spouse of any Veteran, Active Duty service member, or any Reservist or National Guard member; or widowed spouse of a service member who died while in service or of a service-connected disability.

 

streetsharesfoundation

By Debbie Gregory

StreetShares, Inc., one of VAMBOA’s strategic partners, is a lending and investing community for veterans and their supporters. StreetShares’ principals have announced the formation of the StreetShares Foundation.

The goal of the StreetShares Foundation is to inspire, educate, and support veteran small business owners. The foundation is partnering with JPMorgan Chase & Co. to provide up to $10,000 each month in Veteran Small Business Awards.

Both StreetShares Foundation and StreetShares, Inc. are veteran-operated..

Iraq War veteran Mark L. Rockefeller, CEO/Co-Founder of StreetShares, said, “Veteran business ownership has been the backbone of the United States economy since World War II. The goal of the StreetShares Foundation is to provide a new generation of veteran and military-spouse small business owners the support they need to thrive.”

The Foundation plans to give three Veteran Small Business Awards each month. Small businesses owned by military veterans, current reserve or active duty members, and qualified military spouses are eligible to apply. The awards are $2,000 for third place, $3,000 for second place, and $5,000 for the first place winner.

Award applications and educational material can be found on the foundation’s website at StreetShares.com/Foundation.

StreetShares had previously conducted a small award program. Last year’s winners collectively reported increasing revenues by over $1 million, hiring 24 new employees, and scoring a “Shark Tank” TV show appearance. With sponsorship from JPMorgan Chase and others, the StreetShares Foundation has plans to substantially expand the award program.

The Veteran Small Business Award program encourages everyone who supports veterans and entrepreneurship to participate in voting for their favorite veteran business at StreetShares.com/Foundation. Finalists will be presented for public vote each month.

We at VAMBOA are proud to partner with StreetShares and further the opportunities they present to military owned and veteran owned businesses.

VAMBOA

VAMBOA, thumb the Veterans and Military Business Owners Association, viagra 100mg has announced that new corporate sponsors are being offered the opportunity of two years of corporate sponsorship for the cost of only one year, at all levels, through September 30th, 2016. The opportunity is also available for current sponsors who renew.

VAMBOA is supported through corporate sponsorship, and does not charge military business owners, veteran business owners or service disabled business owners any membership fees.

VAMBOA recognizes that corporations are seeking to connect with a diverse group of suppliers within their supply chain. Our membership includes Service Disabled Veteran Business Owners, Veteran Business Owners and Military Business Owners. Many are also minorities and women. Corporate sponsorship supports the mission and successes of these Service Disabled Veteran Business Owners, Veteran Business Owners and Military Business Owners. It also provides companies the ability to place their Requests for Proposals (RFPs) and needs in front of VAMBOA’s membership, as well as participate in webinars and conferences, connecting with these diverse suppliers on various levels.

With a nationwide membership of over 6,500 registered business owners, VAMBOA is quickly becoming the Go-To Trade Association for Service Disabled and Veteran and Military Business Owners, and those who want to support them. The 501(c)6 non-profit trade association also has a vibrant social media presence, approaching 300,000 combined fans and followers on social media.

VAMBOA’s founder, Debbie Gregory, said, “Supporting the businesses of our military members and veterans and contributing to their successes provides us with the opportunity to express our pride and appreciation to and for the many who have served and sacrificed to make our country free. It also enables corporations to work with companies run by America’s heroes.”

The next VAMBOA conference is planned for early 2017.

Supporting the businesses of our military members and veterans and contributing to their successes provides us with the opportunity to express our pride and appreciation to and for the many who have served and sacrificed to make our country free

About VAMBOA
VAMBOA, a 501(c) 6 non-profit organization, has been providing its members with knowledge of government provisions that help service-disabled veteran business owners, Veteran business owners and military business owners since 2010. VAMBOA’s mission is to help drive the success of these veteran business owners. VAMBOA also connects it members to contacts within large corporations and government agencies who can mentor members, and in some cases, can even directly provide members with government contracts and vending contracts within large corporations. Membership in VAMBOA is free.

JDAM

Boeing Co was awarded a $3.2 billion contract modification to a previously awarded contract for Joint Direct Attack Munition (JDAM) tailkits, according to the Pentagon.

The contract for the tailkits, which use GPS to boost accuracy for conventional bombs, was raised from an initial $1.75 billion contract awarded on Oct. 30, 2014, due to warfighter demand and to replenish depleted inventories, the Pentagon said in a statement.

The JDAM tailkit converts existing unguided free-fall bombs into accurate, adverse weather “smart” munitions. With the addition of a new tail section that contains an inertial navigational system and a global positioning system guidance control unit, JDAM improves the accuracy of unguided, general purpose bombs in any weather condition.

Once released from the aircraft, the JDAM autonomously navigates to the designated target coordinates. Target coordinates can be loaded into the aircraft before takeoff, manually altered by the aircrew before weapon release, or automatically entered through target designation with onboard aircraft sensors.

With a range of more than 15 nautical miles, JDAM can defeat high-value targets in any weather, day or night, with minimal risk to air crews. This system works fine even in bad weather, because the JDAM gets all its information from satellite signals, which aren’t blocked by cloud cover or obstacles. The bomb doesn’t have to see anything at all to find its way to the target.

New variants such as Laser JDAM and JDAM Extended Range allow warfighters to prosecute moving targets and deploy the weapon from greater distances, capabilities that come with little to no development risk since they are based on proven technology.

The JDAM played a major role in the U.S. invasion of Afghanistan in 2001, and it will certainly play a significant role in any U.S. bombing campaigns in the near future. While the newest smart bombs aren’t 100 percent accurate, they are such an improvement over their predecessors.

More than 260,000 JDAM kits have been built at Boeing’s production facility in St. Charles, MO.

JDAM is a joint U.S. Air Force and Department of Navy program.

EBV10 part2

By Tina M Kapral | Senior Director of  Education and Training
Institute for Veterans and Military Families (IVMF) at Syracuse University

In July of 2007,  Dr. J. Michael Haynie held the first Entrepreneurship Bootcamp for Veterans with Disabilities (EBV) class of seventeen students. These individuals were from across the U.S., viagra buy from different service branches and ages, more about but all had the dream of owning their own businesses. The business ideas ranged from construction firms to non-profit organizations helping other veterans. The EBV residency phase was and still is intense — long days of classes, taught from a very practical standpoint, and late nights working on venture pitches to present at the end of the week. This was a purposeful approach.  Servicemembers know what to expect in “bootcamp” and that is exactly what they received, classes delivered on opportunity recognition, marketing, operations, supply chain, government contracts, legal and human resource management to name a few.  It was a great success; all seventeen students graduated at the end of week with pride and a new “mission” in life.

As it is often said, good news travels fast. As other schools heard of EBV and its success, many more schools wanted to have their own EBV programs.  This led Dr. Haynie to create the EBV consortium. First to join, Florida State University, then UCLA, Purdue, UCONN, Texas A&M, to today, where the EBV’s 10-university consortium also includes Cornell, LSU, Saint Joseph’s University, and University of Missouri, with the Whitman School of Management at Syracuse University continuing to serve as the national hub. EBV has since helped Dr. Haynie launch other veteran and military family entrepreneurship training programs to include EBV-F, VWISE, Boots to Business, and Boots to Business Reboot

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Dr. Haynie never envisioned EBV to grow to ten schools, nor did he anticipate the launch of the IVMF in 2011. Yet, through these programs and services dedicated to advancing the post-service lives of America’s servicemembers, veterans and their families, the Institute and current Syracuse University Chancellor Kent Syverud are bringing Syracuse University’s commitment to veterans and their families full circle.

In 1940, “The University promised programs that would address individual needs of veterans, whether they wished to complete job training, their high school diploma, or an advanced degree.”  Post-World War II, Chancellor William Pearson Tolley recognized the role that higher education can play in advancing our nation’s returning veterans. He announced Syracuse University’s “uniform admissions program,” which ensured all military personnel admission to Syracuse upon return from war.” http://vets.syr.edu/about/role-impact.

History repeats itself, but this time in a positive, impactful way for our aspiring vetrepreneurs.

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