Veteran and Service-Disabled Veteran Owned Business Resources

September 15, 2012 in , , , ,

If you are a veteran or a service-disabled veteran, you have several options to choose from when starting your business. As a small business owner, you are continuing to serve America. To help you get started and locate government contracting opportunities, we’ve collected links to valuable programs and services.

Small Business Assistance for Veterans
Jump-start your new business venture by visiting these guidance and assistance sites specifically for veterans and service-disabled veterans.

Financing a Business
Federal and state government agencies do not provide grants to veterans for starting a business. However, there are a number of low-interest loan programs that help veterans obtain startup financing. The following loan programs are specifically for veterans and members of the military community. Visit the Loans and Grants Search Tool to get a full list of grant, loan and venture capital programs for which you might qualify.

  • Military Reservist Economic Injury Disaster Loan
    Provides funds to eligible small businesses to meet ordinary and necessary operating expenses that the business could have met, but was unable to meet, due to an essential employee being “called-up” to active duty in their role as a military reservist.
  • Patriot Express Pilot Loan Initiative
    Gives financial assistance to veterans and members of the military community wanting to establish or expand small businesses.
  • Employ Illinois – Military Reserve Loan
    Provides active reserve military with low-interest access to capital to hire employees, make capital improvements or pursue other avenues that will lead to business survival.
  • Wisconsin Dept. of Veteran Affairs – Personal Loan Program
    Offers veterans who meet military service and state residency requirements the opportunity to apply personal loan proceeds to starting or expanding a small business.

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Government Contracting
Federal, state and local governments offer businesses the opportunity to sell billions of dollars worth of products and services. Many government agencies require that some percentage of the procurements be set aside for small businesses and for you, the veteran businessperson.

Employing Veterans: Information for Employers
This guide explains how to hire veterans as employees for business owners looking to hire.

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