Can Veterans Get Help Starting a Business?
Yes. There are many different business focused government and non-profit organizations that help people start businesses. Many of them also have programs specifically for veterans.
What Resources are Available to Help Me?
Below are 4 sources of information that can help veterans start a new business or grow an existing one.
Vermont Small Business Development Center (SBDC)
The VT SBDC is a non-profit organization that provides high-quality, no-cost counseling and affordable training programs to help both current and future business owners. There are 12 SBDC locations across the state with advisors that can help you.
- Vermont Small Business Development Center - (802) 728-9101
- Toll Free - (800) 464-SBDC
U.S. Small Business Administration (SBA)
In addition to the services they provided to the all current and potential business owners, the SBA has programs specifically catered to veterans, most notably being the Patriot Express Loan Initiative to help start new or grow existing small businesses.
- U.S. Small Business Administration, Montpelier Office - (802) 828-4422
Vet Biz is the U.S. Department of Veterans Affairs web portal for veteran business owners. It has advice on everything from starting a business to obtaining federal contracts.
National Veteran Owned Business Association (NaVOBA)
NaVOBA is an advocate for veteran owned business. They work to help make the 3 million veteran owned business across America become preferred vendors for corporations and governments. They have great information for current and potential veteran business owners.
Do Business Owned by Disabled Veterans Have Priority in Government Purchases?
Yes. By law, 3% of federal contracts must go to businesses that are owned by disabled veterans.
Do Companies that Franchise Actively Seek Veterans to Open New Franchises?
Yes. Many companies recognize veterans as ideal candidates for franchise ownership. Some of them offer deeply discounted franchises for veterans. More information can be found at Military Franchising.