We like independence, we like passion and we like dedication. That’s partly why we like empowering small business owners, and veteran owners in particular. Did you know, veterans own 7.5% of businesses with employees in our country? That’s more than 400,000 military bosses getting it done.
As the Memorial Day Weekend approaches, we honor and remember those who served our country and are no longer with us. Those who gave their lives for this great nation and to protect the independence, passion and dedication all Americans share. But we also remember that these values did not die with the fallen, nor will they ever. These values live on within our nation because of the acts of those we’ve lost and the acts of those still with us.
As we remember those fallen, we must also remember those who continue to carry the torch in civilian clothes. While veterans may be tough, making it in the business world ain’t easy, particularly when you factor in the transition from military to civilian life. We’re talking some hard core dudes and dudettes out there, but sometimes they too can use some empowerment, particularly when it comes to building their livelihoods.
Turns out, there are loads of grants, loans and training programs out there to help veteran business owners and entrepreneurs make their business dreams a reality. The trick is knowing where to look. So, we’ve pulled together a list of empowering programs that might serve you or a veteran you know – folks who continue to carry on the values of those we’ve lost.
Boots to Business: The U.S. Small Business Administration created this free, three-part education and training program for service members who want to become entrepreneurs. If you think you have what it takes to make it on Shark Tank someday, this crash course might be for you. All active-duty members transitioning out of the military and their partners are eligible.
The StreetShares Foundation: The online lender StreetShares teamed up with JP Morgan Chase to grant $10,000 in awards each month to eligible veterans, reserve or active-duty members, and military-spouse small business owners. If you’re military connected with a business or business idea, submit an application for cash to make it happen.
Service-Disabled Veteran-Owned Small-Business Program: This Small Business Administration (SBA) program helps wounded veteran entrepreneurs obtain sole-source government contracts up to $5 million. We’re grateful to know there’s a program out there dedicated to those who have given so much to our country.
Military Reservist Economic Injury Disaster Loan: Many members of the military start or run small businesses while still serving. These SBA loans help small businesses meet operating expenses if called to active duty.
So if you’re a veteran, active duty service member, military spouse or child, or have any other connection with the military services, know that small business grants exist specifically to serve you. Tap into these opportunities to continue to empower yourself, your small business, and the values of our nation.
References made to businesses and organizations in this post does not imply endorsement of or by Rubicon in affiliation with those businesses or organizations.