Small Business Loans for Disabled Veterans

In memory of your military service, we already offer special interest rates. We also offer free educational bootcamps designed to direct you through the transition from military training to ownership of small business. USA Funding Pros is a training program tailored exclusively for helping veterans, active military service, national guards and reserves and military spouses. We’re also providing resources that you need to develop today.

America is home to millions of veterans, which has a growing number of veterans. American people are packed with veterans from the military. For the support of America’s veteran entrepreneurs and their families, USA Funding Pros developed the USA Funding Pros Veteran Entrepreneurs of Texas initiative. We are America’s only organization with connections and access to every tool that a military entrepreneur wants to jump-start a company. We’ve now lent over $6 million to veteran entrepreneurs. Through money and education, we are ready to help you achieve your dreams. The USA Funding Pros education program provides a unique opportunity for your company to network, learn and develop.

The Governor’s Office of Small Business

Governors’ Small Business Loans for Disabled Veterans Works to assist veteran-owned small businesses by recognizing the market opportunities available in the state and federal procurement process, as well as, the private sector procurement opportunities. As part of this process, assistance is given in obtaining the requisite registration or certification(s) for veterans owned small businesses.

In addition, the Small Business Governor’s Office works closely with the following agencies on various veterans jobs and education programs and assists in their designated positions as the state-appointed advocates for Texas veterans in ensuring the benefits rightly received in return for their service in the armed forces of our country.

How Veterans with Disabilities May Secure a Small Business Loan

Veterans often face obstacles when they leave the military and re-enter more conventional workplace environments. What might add to the difficulty is being disabled. Many veterans, however, have both the skills and the tenacity to thrive as small business owners. Coming into a new company requires financial resources, no matter who you are. Small Business Loans for Disabled Veterans is accessible to them, accessed via the Small Business Administration, to fund a new business venture.

SBA Veterans Advantage Loans

The SBA provides Veterans Advantage loans for businesses with a veteran’s contribution of at least 51 percent. The service is included through the Transition Assistance Program for honorably and medically discharged veterans and active duty members, whose respective spouses are also eligible. Express loans range from $150,001 to $350,000, with no payment or upfront costs. These loans have an accelerated two-day settlement with a SBA guarantee of 50 percent.

The SBA also provides 7(a) loans for any borrower, with no loan fees. Loan terms are up to 10 years, though loans to immovable property will stretch to 25 years. The SBA gives borrowers a guarantee of 85 percent.

Putting the Business Plan Together

Lenders would like to see how a potential business owner can develop a company, use the funds and pay back the loan. Disabled veterans, like every other applicant, must write a comprehensive business plan that outlines the product or service, describes the need for the market and provides a clearly specified marketing strategy.

We give you all of the above with USA Funding Pros, and more. USA Funding Pros is the state clearinghouse for reliable information, services, data, technical support and research related to members of the military, veterans, their families, and those serving. We maintain the best-in-class veteran assets database, which is regularly updated and thoroughly audited once a year. USA Funding Pros makes it easier for veterans to find what they need and for veteran groups to meet the civilian and military populations of the state. By engaging people with the science investigators who represent them, we help close the gap between cutting-edge research and real-world implementations.

USA Funding Pros-Access to Capital

We’ll give you an overview of access to capital to ensure you understand the available community tools to help your business expand. The session will discuss loan items, questions to ask your lender, 5 credit c’s and how the processes of loaning operates. We will then review the types of borrowers having to sign up for a loan and show you how to develop or receive those documents.

The United States’ 18.2 million military veterans have made tremendous sacrifices in their career and they deserve all the gratitude they receive and more. Their time in the army and the skills they have built offer them a distinct viewpoint, which they can use to start incredible companies. Veterans, like anyone seeking to start their own company, need capital to get projects off the ground. For combat veterans numerous institutions provide small business grants.

Generally, in order to apply for federal grants, government grants or other military veterans grants or benefits, you must fall into one of the following categories: Honorably Discharged Veterans (some grants may identify a particular dispute or period of time, e.g. post-9/11) Service-Disabled Veterans Active Duty Military Service member participating in the military Transition Assistance.

If you fall into one or more of the categories mentioned above, here are some potential ways to fund or push your company along.

No two businesses are the same, so USA Funding Pros will work with you to build a roadmap for success. We will review the credit recovery needs, business plan assistance, business financial advice, capital access, certifications, and other next steps you may need to develop your business.