How do you start a veteran-owned business?

Starting a veteran-owned business is similar to starting any other business, but there are a few additional resources that are available specifically to veterans. First, it’s important to understand the basics of business ownership, like creating a business plan and taking the necessary steps to incorporate and acquire the necessary licenses. Next, research resources available to veteran-owned businesses. These may include loans, grants, tax incentives, or other specialized resources.

Additionally, seek out mentors and networks that are focused on helping veteran-owned businesses. Finally, make sure to take the time to build a strong business foundation and cultivate relationships with other business owners and service providers to create a successful venture.

Who offers business credit cards for veterans?

There are a few companies that offer business credit cards for veterans, including USAA, U.S. Bank, and PenFed

Are there specific business credit cards for disabled veterans?

There aren’t business credit cards specifically for disabled veterans, but all of the credit cards we’ve mentioned can still provide a variety of rewards to any veteran.

Are veterans eligible for special business loans?

Yes, veterans are eligible for special business loans! The U.S. Small Business Administration (SBA) offers the Patriot Express Loan to veterans looking to create a small business. The Patriot Express Loan is designed to help veterans start or expand their small businesses with loan amounts up to $500,000 and competitive interest rates.

To qualify, applicants must be veterans and meet the SBA requirements for size and eligibility. Additionally, state governments often offer loans and grants to veterans. Veterans should research the available options in their area to see what resources they may be eligible for.

About the Author

Christopher Murray

Christopher Murray

Personal Finance Expert

Christopher Murray is a professional personal finance and sustainability writer and editor who enjoys writing about everything from budgeting and saving to unique investing options like SRI and cryptocurrency.

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