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Recognizing Our Veterans Through Access To Capital

November 9, 2012 | Small Business Loans

Military service members transitioning from active duty to the civilian workforce carry the natural skills of an entrepreneur. By possessing training, experience and leadership skills veterans are able to start businesses and create jobs for their communities.

The SBA in collaboration with their expert network of Resource Partners have created the goal to provide entrepreneurship awareness and training nationwide to the 250,000 service members from all military branches that changeover from non-civil to civilian work. Launched in Spring of 2012, Operation Boots to Business: From Service to Startup has began streamlining it’s processes through piloting the program with the United States Marine Corps in four of their Marine bases: Quantico (VA), Cherry Point (NC), Camp Pendleton (CA), and Twenty-Nine Palms (CA). This pilot launch provided training to approximately 20,000 transitioning military members.

In 2013, Operation Boots to Business will be implementing it’s national roll out in 3 phases:
Phase 1: Video - Short Introduction on Entrepreneurship: Call to action for returning veterans to consider entrepreneurship, with a description of the career path   Phase 2: Classroom Instruction - In-Person Course: Provides a 90-minute training course on entrepreneurship  Phase 3: Online Instruction - In-depth Online Entrepreneurship Course: Provides an 8-week online/distance learning course that leads to the creation of a business plan
If you are a transitioning service member interested in learning more about the program, visit the Boots to Business website at http://boots2business.org/apply.asp.

“Nearly one in 10 small businesses nationwide are veteran-owned.  Collectively, these 2.4 million small businesses employ almost 6 million Americans and generate more than $1 trillion in receipts.  In the private sector workforce, veterans are 45 percent more likely than those with no active-duty military experience to be self-employed.”

Also through the U.S. Small Business Administrations’s Patriot Express Loan Program, the SBA 7(a) and SBA-504 loan programs veterans received nearly $2.1 billion in small business financing during SBA’s fiscal year 2012.

CDC Small Business Finance graciously and proudly thanks the courageous heros and she-roes of our past and present. During this time of reflection and gratitude for our military’s dedication to service we believe it is our duty to help integrate them into the greater good of economical development and job growth which helps to make the greatest difference.

Other helpful links:
Office of Veterans Business Development 

Veterans Business Outreach Centers

More about the Operation Boots to Business Program

SBA Resource Partners


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