Insureon Blog

21 Resources to Help Veterans Start a Business

7. November 2016 08:42

veteran smiling

The transition from service member to civilian is tough, but these organizations give veteran business owners the tools they need to succeed.

1. Veterans Outreach Center (VBOC) Program

The Veterans Business Outreach Center Program, run by the Small Business Administration (@SBAgov), has 19 locations across the United States that offer…

The VBOC is only the beginning of the SBA's resources. Check out the Office of Veterans Business Development for more resources.

2. BusinessUSA

While not geared specifically toward veterans, BusinessUSA (@BizUSA) is a "one-stop platform" designed to make it easier for business owners to access the services they need. You can go directly to the BusinessUSA site, or you can get the information you need through the Veteran Entrepreneur Portal at the U.S. Department of Veterans Affairs (@DeptVetAffairs).

3. EntreSkills

EntreSkills (@EntreSkills) offers a free, interactive web-based tool that helps veterans start or improve their business. Perhaps the best part is the tool was designed by veterans who know how the lessons learned in uniform apply to the business world.

4. Support Warrior Project

A veteran launching a new business can turn to the Support Warrior Project (@S_W_P_INC) for help with LLC formation, website landing pages, and more. Plus, it offers financing opportunities for vets who want to buy a franchise.

5. U.S. Veterans Magazine

Granted, U.S. Veterans Magazine (@USVeteransMag) isn't solely focused on entrepreneurship, but the articles that do offer tips for business-minded vets that are worth the read.

6. VetFran

Veterans interested in buying a franchise can turn to VetFran (@VetFran) for news and opportunities, including financial discounts, mentorship, and training. Be sure to check out their franchise toolkit section for additional resources.

7. Kabbage

Veterans with less than perfect credit may be able to find funding at Kabbage.com (@KabbageInc). Kabbage offers loans to small businesses that have been around for at least one year and have $50,000 in annual revenue without requiring a minimum credit score.

8. Street Shares

The founders of Street Shares (@StreetShares) are former military, so it makes sense they specialize in business loans for vets. Veterans with a credit score of 600+, no bankruptcies for three years, and at least one year in business may qualify for loans.

9. Hivers and Strivers

Securing a loan is tough without some experience. Vets who are true startups can turn to angel investors like Hivers and Strivers. The group provides early-stage investments for companies founded and run by US military academy graduates.

10. TCP Venture Capital

TCP Venture Capital's Veterans' Opportunity Fund is another option for veteran-owned businesses to get the capital they need to grow.

11. Veteran Fast Launch Initiative

SCORE's Veteran Fast Launch Initiative (@SCOREMentors) is a package of free software and services combined with the organization's mentoring program. The goal is to accelerate business ownership for vets.

12. Institute for Veterans and Military Families (IVMF)

The Institute for Veterans and Military Families (@IVMFSyracuseU) out of Syracuse University has tons resources for former military members and their families, but take look at its resources for starting and growing a business. The Virtual Pitch Competition and Vets Small Biz Growth Challenge might be of particular interest.

13. National Veteran Small Business Coalition

Vets interested in scoring federal contracts may want to check out the National Veteran Small Business Coalition. In addition to advocating for greater access to these opportunities, the NVBC recently initiated a counseling program so senior-level individuals can share their business knowledge with new entities.

14. FedBizOpps.Gov

Nothing says "healthy business" like a big, fat government contract. Sign up with FedBizOpps.gov or follow its Twitter feed (@FedBizOpps) to find opportunities in your industry.

15. National Veteran-Owned Business Association

In addition to training and mentorship, the National Veteran-Owned Business Association also advocates on behalf of vetrepreneurs so they get the opportunities they've earned. Be sure to list your business with its directory at BuyVeteran.com.

16. Patriot Boot Camp

Patriot Boot Camp (@patriotbootcamp) is a nonprofit organization that equips veterans and their spouses with the means to build technology companies. Programs include tech boot camps and alumni conferences, plus the group offers community support and access to resources.

17. Bunker Labs

Aspiring vetrepreneurs near a Bunker Labs (@TheBunkerLabs) location can take part in a weekly Braintrust session. The sessions offer a mix of thought leadership, networking opportunities, and real-time problem solving. Not near a Bunker Labs? Check out Bunker in a Box.

18. Trust Vets

Registering your business with Trust Vets (@TRUSTVETS) connects it with the business professionals and consumers who want to support vetrepreneurs. The organization also offers monthly networking meetings.

19. Honor Courage Commitment, Inc.

HCC (@HCCVet) offers an intensive Fellows Program where vets learn about entrepreneurship, develop networks, and work with mentors to become leaders in business and their community. The program is free to veterans but is limited in class size. Apply here.

20. Startup Veterans

Startup Veterans (@StartupVets) is a 16-week online entrepreneurial training program to prepare vets to launch and grow their new businesses. It's taught by vetrepreneurs and offers one-on-one business mentoring. Read about the application process.

21. G.I. Jobs Magazine

G.I. Jobs (@GIJobsMagazine) eases the transition to civilian life with tips for finding the right job, school, and vocational training. Business owners, take a look at the entrepreneurship page.

Tags:

General | How to Grow Your Business | Small Business | Tips for All Small Businesses

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