Approximately 2.45 million veteran-owned businesses are now active in the USA. A logical question arises then: is it possible to launch a small business if you are a veteran and where to apply for a small business loan then?
Personal Money Service can’t evaluate the complexity of launching a small business but here are a few resources that can facilitate this process:
- Military economic injury loans sponsored by SBA. Such aren’t suitable for all veterans. They are beneficial for veterans, who’s small business suffered due to the active duty service, and offers affordable small business loans with 4% interest only.
- Veterans Business Fund. This resource offers extremely affordable small business startup loans for veterans. In some cases, such loans might be non-interest but these cases are limited by the law.
- Veteran Entrepreneur Portal by the Department of Veterans Affairs and BusinessUSA. Almost every resource of the small business loans for disabled veterans or small business loans for veterans with bad credit goes through the Veteran Entrepreneur Portal. So, applying to the Portal directly would be a reasonable decision.
These ways of the small business loans for veterans help are the most reliable, though there exist others way to finance your small business.