Jun 08, 2022
For many entrepreneurs – and especially veterans – determining how to fund your small business ownership dreams is one of the biggest barriers to overcome. At VetCor, one of our primary missions is
to educate veterans about financing and the many ways to secure the funds needed to launch your own franchise operation with us. First and foremost – it’s not so much a fee, as it is an investment, an important distinction. You’re making an investment in your future to provide you with flexibility, freedom, and income stability for you and your loved ones. And as with any investment, you should expect a return, and we’ll do everything in our power to ensure this outcome happens.
In our mission to help you explore your options for self-funding, we’re sharing some recent advice published in Forbes Advisor. Please review these grants and funding options, grouped accordingly, to see how they might be applied to your own situation…
Veteran-Based Funding Options
If you’ve experienced a disability, you may qualify for the Service-Disabled Veteran-Owned Small Business Program (SDVOSB). Federal contract dollars are available for those whose condition and small business concept meet the program’s eligibility requirements. For more information, please visit the System for Award Management (SAM) website.
Warrior Rising, a preferred nonprofit of VetCor, has a small business grant program that comes with built-in resources for mentorship. You can find out more and apply for their “Vetrepreneur” program on their website.
Federal funding is available for veterans through Grants.gov. The beauty of this process is that, once you sign up and are in their system, you can apply for multiple grants and get notifications about programs that match up with your needs. Simply register for a Workspace account and you’ll be on your way.
Though this next option requires a membership fee, with GrantWatch, veterans can gain access to more than 28,000 different funding opportunities. View more by following this link.
Angel investment groups like Hivers and Strivers invest in veteran-owned business opportunities for veterans. To find out how to access a funding amount that meets your requirements, apply through their “Gust Venture Capital for Veterans” platform. And you can learn more about Angel Investors here.
The Forbes Advisor article we referenced for this blog post is well worth your time to read. Make sure to review the five additional veteran-specific funding resource organizations at the bottom of the article. Just follow this link.
VetCor also has our own third-part lending partners that we can introduce you to. No matter your personal situation and credit history, we can work with you to find the right solution. We have big plans to expand our operational footprint in 2022 and we’d love for you to become part of our family of teammates. Getting started is easier than you think – VetCor has a simple six-step process that takes you from an introductory phone call to ownership of your own business. If you feel stuck and want to do something about it, we’d like to hear from you. To begin reclaiming your destiny and control of your life, simply call (813) 727-8113 or fill out this online form on our website.