{"id":172940,"date":"2019-10-16T16:08:13","date_gmt":"2019-10-16T16:08:13","guid":{"rendered":"http:\/\/www.georgianewsdesk.com\/news\/story\/172940\/can-small-business-loans-for-veterans-be-a-stimulant-to-the-economy.html"},"modified":"2019-10-16T16:08:13","modified_gmt":"2019-10-16T16:08:13","slug":"can-small-business-loans-for-veterans-be-a-stimulant-to-the-economy","status":"publish","type":"post","link":"http:\/\/www.honolulunewsnow.com\/news\/story\/172940\/can-small-business-loans-for-veterans-be-a-stimulant-to-the-economy.html","title":{"rendered":"Can small business loans for veterans be a stimulant to the economy?"},"content":{"rendered":"<p style=\"text-align: justify\" dir=\"ltr\"><span>A study by the Small Business Administration (SBA) revealed that over 2.5 million small businesses are owned by veterans of the U.S. armed forces, representing over 9% of all U.S. firms. Collectively, veteran-owned businesses haul in $1.22 trillion in revenue each year and employ nearly 5.8 million people. Another study revealed that over 59% of veteran business owners start their companies with personal or family savings, compared to 57% of all business owners who do the same. This basically means that better funding for veteran-owned business can significantly improve the economy of the US.<\/span><\/p>\n<p style=\"text-align: justify\" dir=\"ltr\"><span>In a similar vein, there are several bodies that are willing to support such businesses, providing a wide range of small business loans for veterans.&nbsp;<\/span><\/p>\n<p style=\"text-align: justify\" dir=\"ltr\"><strong>Small business loans available for veterans<\/strong><\/p>\n<p style=\"text-align: justify\" dir=\"ltr\"><span>There are several financing options, including <\/span><a rel=\"nofollow\" href=\"https:\/\/fundbox.com\/blog\/when-is-cash-for-invoices-a-good-idea\/\"><span>cash for invoices<\/span><\/a><span> available to veteran-owned small businesses as highlighted below:<\/span><\/p>\n<ul style=\"text-align: justify\">\n<li>\n<p dir=\"ltr\"><span>Loans From Veteran-Focused Funding Firms<\/span><\/p>\n<\/li>\n<\/ul>\n<p style=\"text-align: justify\" dir=\"ltr\"><span>Several veteran-specific financial groups have emerged to help make it easier for members of the military to get the funds they need to make their transition into the entrepreneurial world a lot easier. Some of these firms include Hivers and Strivers and Veterans Business Fund.<\/span><\/p>\n<p style=\"text-align: justify\" dir=\"ltr\"><span>However, it is worth noting that it may be tricky to secure financing through these firms due to their competitive nature.&nbsp;<\/span><\/p>\n<ul style=\"text-align: justify\">\n<li>\n<p dir=\"ltr\"><span>Loans from Traditional Financial Institutions<\/span><\/p>\n<\/li>\n<\/ul>\n<p style=\"text-align: justify\" dir=\"ltr\"><span>Traditional financial institutions like banks also provide financing to businesses, including veteran-owned businesses. For business owners choosing this route, it is important to have all the necessary documentation in place to ensure a smooth process that could take anything between two to three months.<\/span><\/p>\n<ul style=\"text-align: justify\">\n<li>\n<p dir=\"ltr\"><span>Debt Financing From Venture Capitalists and Other Investors<\/span><\/p>\n<\/li>\n<\/ul>\n<p style=\"text-align: justify\" dir=\"ltr\"><span>Venture Capitalists are always available to give money to promising businesses through debt financing. Debt financing enables business owners to get money from a financier who almost certainly knows how to run a successful business and has a lot of connections that can be leveraged.&nbsp;<\/span><\/p>\n<ul style=\"text-align: justify\">\n<li>\n<p dir=\"ltr\"><span>Loans from the Small Business Administration<\/span><\/p>\n<\/li>\n<\/ul>\n<p style=\"text-align: justify\" dir=\"ltr\"><span>The SBA also offers several small business financing options, some of which are only available to veterans. <br \/><\/span><\/p>\n<p class=\"caps\"><span style='font-size:18px !important'>Media Contact<\/span><br \/><strong>Company Name:<\/strong> <a rel=\"nofollow\" href=\"https:\/\/www.abnewswire.com\/companyname\/fdbox.com_48198.html\">Funding Box Company<\/a><br \/><strong>Contact Person:<\/strong> Viola D. Hayes<br \/><strong>Email:<\/strong> <a rel=\"nofollow\" href=\"https:\/\/www.abnewswire.com\/email_contact_us.php?pr=can-small-business-loans-for-veterans-be-a-stimulant-to-the-economy\">Send Email<\/a><br \/><strong>Address:<\/strong>4450 Elmwood Avenue   <br \/><strong>City:<\/strong> Philadelphia<br \/><strong>State:<\/strong> PA <br \/><strong>Country:<\/strong> United States<br \/><strong>Website:<\/strong> <a rel=\"nofollow\" href=\"http:\/\/fdbox.com\" target=\"_blank\">fdbox.com<\/a><\/p>\n<p><img loading=\"lazy\" src=\"https:\/\/www.abnewswire.com\/press_stat.php?pr=can-small-business-loans-for-veterans-be-a-stimulant-to-the-economy\" alt=\"\" width=\"1px\" height=\"1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A study by the Small Business Administration (SBA) revealed that over 2.5 million small businesses are owned by veterans of the U.S. armed forces, representing over 9% of all U.S.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"http:\/\/www.honolulunewsnow.com\/news\/wp-json\/wp\/v2\/posts\/172940"}],"collection":[{"href":"http:\/\/www.honolulunewsnow.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.honolulunewsnow.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.honolulunewsnow.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.honolulunewsnow.com\/news\/wp-json\/wp\/v2\/comments?post=172940"}],"version-history":[{"count":0,"href":"http:\/\/www.honolulunewsnow.com\/news\/wp-json\/wp\/v2\/posts\/172940\/revisions"}],"wp:attachment":[{"href":"http:\/\/www.honolulunewsnow.com\/news\/wp-json\/wp\/v2\/media?parent=172940"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.honolulunewsnow.com\/news\/wp-json\/wp\/v2\/categories?post=172940"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.honolulunewsnow.com\/news\/wp-json\/wp\/v2\/tags?post=172940"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}