The SBA’s Office of Veterans Business Development is an SBA department dedicated to helping veterans in line of business. The goal of the SBA’s Office of Veterans Business Development is to maximize the usability, availability and applicability of all small business programs for Veterans, Reserve Component Members, Service-Disabled Veterans and their Dependents.
The SBA’s Patriotic Express Pilot Loan Initiative provides support for veterans and members of the military who want to start their own business. This program falls under the SBA’s 7(a) program and so it is a flexible loan which can be used for general start-up expenses. To find more details about the 7(a) program and its requirements go, visit our write-up on the 7(a) program.
The military community members eligible for the Patriot Express Pilot Initiative include:
To find more details about eligibility and loan requirements, go to the Brain’s Guide section on the 7(a) program.
The SBA does not offer grants, but it does provide various resources for veterans.
To find out information on what Federal grants are offered to veterans, two helpful sources are the U.S Department of Veteran’s Affairs and Grants.gov.
For other ways to receive funding and support, SBA provides several sources to look into, such as: Veteran Outreach Centers, Service Corps of Retired Executives and Veterans Business Development Officers.