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This Memorial Day, we share small business resources to support our veterans

May 22, 2020 | Small business
This Memorial Day, we share small business resources to support our veterans, CDC Small Business

Veterans make a significant contribution to our nation’s small business landscape.

More than 2.4 million of them return to their communities after their service and decide to apply their hard-won skills to establishing their own businesses.

It’s the American dream, but it’s also become more challenging to sustain in the age of the coronavirus. Like all small business owners, veterans are making the necessary adjustments. So are the supporters who want to make sure they have the tools they need to succeed.

Several groups offer workshops, seminars and other programs to promote entrepreneurship among our nation’s veterans. Now they have broadened their focus. They’re also providing veterans with guidance and assistance to help them adapt to the new conditions caused by COVID-19.

We want to express our gratitude to our veterans, not only for their service but also for their unique contributions as small business owners. But we also want to thank the network of organizations that have united to increase business opportunities for veterans. These groups continue to work hard for them now.

Small Business Resources for Veterans

 

Here are some of those groups, along with the services they offer to support and guide veterans (and often their spouses too). Their programs are open to those who have small businesses or are ready to explore taking the first steps to launch one:

Veterans Business Outreach Centers (part of the SBA’s Small Business Development Centers – SBDC) – These centers specialize in the needs of former service members. They’ve also gone virtual to continue offering their support for those who have coronavirus-related business questions. Center locations include Carlsbad in Southern California, Sacramento, which serves Northern California and Nevada and Sierra Vista in Arizona.

Veterans also will find valuable guidance and resources at all SBDC’s. They open their doors to anyone interested in becoming a small business owner. To find a Veterans Business Outreach Center or SBDC near you, see the SBA’s search tool.

Bunker Labs – They call it “All In,” the campaign to help veteran business owners as they face coronavirus impacts. The section on their website includes a resource list and an archive of town halls with CEOS and other experts on topics ranging from revenue strategies to resilience. Bunker Labs also offers “Launch Lab Online,” a four-part course in entrepreneurship.

The Rosie Network – Created by veterans and military spouses who’ve achieved success as entrepreneurs, the network’s services include matching mentors with those interested in becoming small business owners. “Look them up, support them, they’re doing great things,” said Barbara Silver Smith, a military spouse. She started her own personal-coaching service, Write Your Own Now, after being advised by a network mentor.

Veteran Business Project – This group focuses on linking entrepreneurial veterans and their spouses with owners of existing small businesses who want to sell. They maintain a list of available businesses, along with links to COVID-19 recovery resources.

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CDC Small Business Finance is a trusted small business lender, award-winning nonprofit and advocate for entrepreneurs. Over more than four decades, we have provided $18 billion in funding to over 11,000 borrowers … and counting. Unlike a traditional lender, we have the flexibility to offer affordable loans to underserved small business owners. Our lending also plays a role in bolstering economic development, and has helped to create or preserve more than 200,000 jobs in California, Arizona and Nevada.


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