Small Business Administration

The Small Business Administration offers programs and information for transitioning service members and military spouses to help get their businesses up and running.

Learn about the resources and assistance available through the SBA.

Learn more by checking out the SBA’s Office of Veterans Business Development.

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The SBA’s loan programs can help provide financing for veterans with small businesses that may not be available through other channels. Contact the SBA to learn about programs such as these:

• • Military reservist loans help eligible small businesses facing financial needs because an owner or an essential employee was called to active duty. Small businesses may apply for the loan after the key employee receives orders to report for active duty.
  • Debt relief such as repayment deferrals, interest-rate reduction and other assistance from an SBA direct or guaranteed loan may be available. Find more information and resources from the Office of Veterans Business Development.

If a call to duty requires that the day-to-day management of a company be transferred to a person other than the one to whom the original certification was granted, the transfer will not disqualify the firm from program participation. Visit the SBA’s 8(a) Business Development Program to find out more.

Individuals who are employed by HUBZone and called to military service will continue to be counted as employees when calculating the 35% HUBZone residency requirement or determining the firm’s principal office — assuming they continue to be employed by the firm. Opening a small business may be a big step, but by tapping into the resources above, you can become a veteran entrepreneur.