U.S. veterans are highly entrepreneurial. Even though veterans make up less than 8% of the population, nearly one in 10 small businesses nationwide are veteran-owned. Collectively, these 2.5 million small businesses employ almost 6 million Americans and generate more than $1 trillion in annual receipts.
You’ve served our country, now let the U.S. Small Business Administration (SBA) serve you. The following are four specialized SBA-funded resources for veteran entrepreneurs:
- SBA Veterans Advantage Loan Program – Eligible veteran-owned businesses can qualify to have their SBA Guaranteed Loan fees discounted or waived. Read more about the Veterans Advantage Program.
- Veterans Business Outreach Center (VBOC) – Veterans and military spouses can get free, expert and confidential business coaching through their local VBOC.
- Veteran training programs on and off base – Boots to Business is an entrepreneurial program offered on military installations around the world and a training track of the Department of Defense Transition Assistance Program (TAP). Boots to Business Reboot extends the entrepreneurship training offered in TAP to veterans of all eras in their communities.
- Veteran contracting programs – Businesses that are 51% or more owned by veterans can qualify for multiple federal certification programs, including the Service Disabled Veteran Owned Small Business (SDVOSB) certification that helps veterans access federal contracting dollars.