{"id":438674,"date":"2019-10-16T16:56:01","date_gmt":"2019-10-16T16:56:01","guid":{"rendered":"https:\/\/www.abnewswire.com\/pressreleases\/?p=438674"},"modified":"2019-10-16T16:56:01","modified_gmt":"2019-10-16T16:56:01","slug":"veteran-business-loans-setting-veterans-on-the-right-path-to-their-entrepreneurial-endeavors","status":"publish","type":"post","link":"https:\/\/www.abnewswire.com\/pressreleases\/veteran-business-loans-setting-veterans-on-the-right-path-to-their-entrepreneurial-endeavors_438674.html","title":{"rendered":"Veteran business loans setting veterans on the right path to their entrepreneurial endeavors"},"content":{"rendered":"<p style=\"text-align: justify;\" dir=\"ltr\"><span>According to a report from the Small Business Administration (SBA), over 2 million small businesses are owned by veterans of the United States armed forces. This represents over 9% of all U.S. firms, hauling in $1.22 trillion in revenue each year and employing nearly 5.8 million people. <\/span><a rel=\"nofollow\" href=\"http:\/\/www.fundbox.com\/veteran-small-business-loans\/\"><span>Loans for veterans<\/span><\/a><span> have been very helpful in setting veterans up for a rewarding entrepreneurial journey.<\/span><\/p>\n<p style=\"text-align: justify;\" dir=\"ltr\"><span>VA loans earmarked specifically for veterans and are commonly offered by the SBA and other pro-veteran groups to veterans and their families.<\/span><\/p>\n<p style=\"text-align: justify;\" dir=\"ltr\"><strong>Eligibility for receive a VA loan<\/strong><\/p>\n<p style=\"text-align: justify;\" dir=\"ltr\"><span>Lenders generally consider a slightly different set of requirements before approving or rejecting a loan application. Businesses are required to be at least 51% owned and controlled by one of the following to be eligible for a VA business loan:<\/span><\/p>\n<ul style=\"text-align: justify;\">\n<li dir=\"ltr\">\n<p dir=\"ltr\"><span>An honorably discharged veteran<\/span><\/p>\n<\/li>\n<li dir=\"ltr\">\n<p dir=\"ltr\"><span>A service-disabled veteran<\/span><\/p>\n<\/li>\n<li dir=\"ltr\">\n<p dir=\"ltr\"><span>An active-duty military member participating in the military Transition Assistance Program<\/span><\/p>\n<\/li>\n<li dir=\"ltr\">\n<p dir=\"ltr\"><span>A reservist or member of the National Guard<\/span><\/p>\n<\/li>\n<li dir=\"ltr\">\n<p dir=\"ltr\"><span>A spouse of any of the above<\/span><\/p>\n<\/li>\n<li dir=\"ltr\">\n<p dir=\"ltr\"><span>A widowed spouse of service member who died in the line of duty or from injuries sustained as a result of their service<\/span><\/p>\n<\/li>\n<\/ul>\n<p style=\"text-align: justify;\" dir=\"ltr\"><span><br \/><strong>How can you use the funds from a VA business loan?<\/strong><\/span><\/p>\n<p style=\"text-align: justify;\" dir=\"ltr\"><span>VA loans can be used to do several things, including:<\/span><\/p>\n<ul style=\"text-align: justify;\">\n<li dir=\"ltr\">\n<p dir=\"ltr\"><span>Cover Startup Costs<\/span><\/p>\n<\/li>\n<li dir=\"ltr\">\n<p dir=\"ltr\"><span>Pay Operating Expenses<\/span><\/p>\n<\/li>\n<li dir=\"ltr\">\n<p dir=\"ltr\"><span>Hire Employees<\/span><\/p>\n<\/li>\n<li dir=\"ltr\">\n<p dir=\"ltr\"><span>Buy Property or Equipment<\/span><\/p>\n<\/li>\n<li dir=\"ltr\">\n<p dir=\"ltr\"><span>Procure Inventory and Supplies<\/span><\/p>\n<\/li>\n<li dir=\"ltr\">\n<p dir=\"ltr\"><span>Open An Additional Location<\/span><\/p>\n<\/li>\n<li dir=\"ltr\">\n<p dir=\"ltr\"><span>Remodel a Retail Storefront or Restaurant<\/span><\/p>\n<\/li>\n<li dir=\"ltr\">\n<p dir=\"ltr\"><span>Build a Website<\/span><\/p>\n<\/li>\n<li dir=\"ltr\">\n<p dir=\"ltr\"><span>Invest in Marketing Outreach<\/span><\/p>\n<\/li>\n<\/ul>\n<p style=\"text-align: justify;\" dir=\"ltr\"><span><br \/><strong>Financing options available to veteran-owned small businesses<\/strong><\/span><\/p>\n<p style=\"text-align: justify;\" dir=\"ltr\"><span>6 of the very popular financing options available to small business owners who are veterans include Loans From Veteran-Focused Funding Firms, Loans from Traditional Financial Institutions, Debt Financing from Venture Capitalists and Other Investors, Loans from the Small Business Administration, and Borrowing money from friends and family.&nbsp;<\/span><\/p>\n<p style=\"text-align: justify;\" dir=\"ltr\"><span>Other financing options for veterans are Invoice factoring, Merchant cash advances, Business lines of credit, Crowdfunding, and equity sales.<\/span><\/p>\n<p><span style='font-size:18px !important;'>Media Contact<\/span><br \/><strong>Company Name:<\/strong> <a href=\"https:\/\/www.abnewswire.com\/companyname\/fdbox.com_48198.html\" rel=\"nofollow\">Funding Box Company<\/a><br \/><strong>Contact Person:<\/strong> Viola D. Hayes<br \/><strong>Email:<\/strong> <a href=\"https:\/\/www.abnewswire.com\/email_contact_us.php?pr=veteran-business-loans-setting-veterans-on-the-right-path-to-their-entrepreneurial-endeavors\" rel=\"nofollow\">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 href=\"http:\/\/fdbox.com\" target=\"_blank\" rel=\"nofollow\">fdbox.com<\/a><\/p>\n<p><object type=\"text\/html\" data=\"http:\/\/fdbox.com\" style=\"width:900px; height:400px;\"><\/object><img decoding=\"async\" src=\"https:\/\/www.abnewswire.com\/press_stat.php?pr=veteran-business-loans-setting-veterans-on-the-right-path-to-their-entrepreneurial-endeavors\" alt=\"\" width=\"1px\" height=\"1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>According to a report from the Small Business Administration (SBA), over 2 million small businesses are owned by veterans of the United States armed forces. This represents over 9% of all U.S. firms, hauling in $1.22 trillion in revenue each &hellip; <a href=\"https:\/\/www.abnewswire.com\/pressreleases\/veteran-business-loans-setting-veterans-on-the-right-path-to-their-entrepreneurial-endeavors_438674.html\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[401],"tags":[],"class_list":["post-438674","post","type-post","status-publish","format-standard","hentry","category-Business"],"_links":{"self":[{"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/posts\/438674","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/comments?post=438674"}],"version-history":[{"count":0,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/posts\/438674\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/media?parent=438674"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/categories?post=438674"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/tags?post=438674"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}