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Happy first day of December! It’s December and the end of the year is in full-swing. Don’t go into the holiday travel season without the December Book-of-the-Month: Business Adventures by John Brooks.

December means that its holiday time. No matter what holiday you celebrate it’ll...

Female celebrities are breaking the stereotypes of Hollywood and diving into the world of business. Check out how these women are using their fame, fortune, and power to start their own companies. From media production to makeup, these Top Female Celebrity Business Owners are doing it all!

As...

With only a few weeks lefts in 2017, it’s time to get organized now! The holidays are around the corner and you don’t want to be scrambling at the end of the year. Use these Small Business Organization and Tax Tips to End 2017 to help you keep the end of the year stress to a minimum.

Happy...

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Resource Center > Article
SBA Partners with Leading Banks to Kick Start Veteran-Owned Business Opportunity Growth
27 May 13 Posted by: Kathleen C Lanza
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Just in time for Memorial Day, the U.S. Small Business Administration (SBA) has announced it is joining forces with more than twenty of the country’s largest banks in an effort to increase lending to veterans who are interested in starting their own businesses. Wells Fargo, JP Morgan Chase and TD Bank are just some of the key lending institutions who are on board.

veteran-businessThe goal? To increase lending to veterans by a full five percent for a total of roughly $475 million in capital over the next five years, resulting in some 2,000-plus veterans being added to the current estimated total of 2.4 million veterans who are now small-business owners. The effort is part of the SBA’s recently launched Operation Boots to Business: From Service to Startup Initiative, which is a national entrepreneurship training program to help veterans transition back into civilian life.

With more than one million veterans expected to leave military service by 2015, the SBA and its partners are dedicated to ensuring veteran-owned small businesses can get the financing assistance, business training and mentoring and assistance with federal procurement programs they need to be successful. Currently, an estimated nine percent of small businesses are owned and operated by veterans, a trend that has grown in recent years. In fact, veterans are more likely than those with no active-duty military experience to be self-employed, making the fact that they face special challenges in raising capital following deployment of particular concern to the SBA and its partners, which also include the U.S. Department of Veterans Affairs and the U.S. Department of Defense.

"Our service men and women have made incalculable contributions and sacrifices for our country, and supporting them as they pursue their dreams to start or grow their own business is one of SBA’s highest priorities," said SBA Administrator Karen Mills in a recent statement. “Through this partnership with national lending partners and regional and community lenders across the U.S., we stand ready to serve veteran entrepreneurs with loan-guarantees, entrepreneurial training and resources that are critical tools to help them start businesses, drive the local economy and create jobs for themselves and their communities.”

If you’re a veteran who is looking to buy a home-based or any other business opportunity, distributorship, licensee opportunity or franchise and is looking for advice, loan options or any other information that can help you to start or grow your own small business, we encourage you to go to either http://www.sba.gov/content/veteran-service-disabled-veteran-owned or http://boots2business.org/ now!

To all the veterans out there, on this Memorial Day and always, thank you for your service from all of us here at BusinessOpportunity.com!

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I had the pleasure of chatting with Shawn Pigg, CEO of Hotels Etc. for BusinessOpportunity.com's Podcast series that will be released very soon on our new Digital Platform.  Here is the transcript from that call for our regular RSS feed subscribers who get all of our posts first.

If you would...
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