BUSINESS STRATEGY & GROWTH • June 1, 2016
1 minute Read
Did you know that veterans own or operate over 2.4 million businesses across the United States? But this fact, though impressive, doesn’t mean funding a small business comes easily to those who have served our country. Veterans who are looking to become their own boss, in fact, face real obstacles, such as a lack of collateral, gaps in their financial history or even an absence of credit.
But there are options for veterans looking to overcome financial challenges and fund their small business. Here are some helpful resources.
Veteran Entrepreneur Portal
The Veteran Entrepreneur Portal (VEP) is one of the best places for veterans to start when looking to open or expand a small business. The VEP connects veterans with resources, access to financing, franchise opportunities and various government agencies that serve small business owners.
Veterans Business Outreach Centers
Starting a small business involves a lot more than securing funding, so Veterans Business Outreach Centers provide mentorship, business development training and business counseling. With 16 centers across the country, this is a great place for those who prefer face-to-face meetings and guidance. Pre-business plan workshops, concept assessments and comprehensive feasibility analyses are just a few of the services they provide. Some centers also offer low or no-cost tuition.
Veterans Business Services
Veterans who are struggling to get started on launching a small business might seek resources from a private consulting company. Veterans Business Services is a consulting service that helps with everything from securing a small business loan to finding investors.
Other franchising opportunities
Several companies offer special franchising programs for veterans including UPS, 7-Eleven and Little Caesars:
For more franchise opportunities, check out this article.
As a veteran, your determination to serve our country and defend our freedom makes you a great candidate to be a small business owner. For more resources on small business funding, visit cancapital.com.
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