Top Tips for Veterans Starting Businesses with VBOC Support

Qualifying for Veteran-Specific Grants and Loans

Accessing financial resources is a key step for many entrepreneurs. VBOCs can guide veterans to grants and loans specifically designed for them, such as:
  • Veteran Advantage Loans: SBA-backed loans with reduced fees for veterans.
  • Service-Disabled Veteran Grants: Financial assistance for businesses owned by service-disabled veterans.
  • Local and State Programs: Additional funding opportunities are available through state-level initiatives.
Pro Tip: Work with a VBOC advisor to create a polished business plan that strengthens your funding applications.

Strategies for Using VBOC Mentorship Programs

One of the greatest assets of VBOCs is their mentorship program. Here’s how to maximize its value:
  • Set Clear Goals: Before meeting your mentor, outline specific challenges or questions you want to address.
  • Be Open to Feedback: Use your mentor’s experience to refine your strategies and avoid common pitfalls.
  • Leverage Their Network: Many mentors have extensive connections that can open doors for your business.

Scaling Your Veteran-Owned Business

For veterans looking to grow their businesses, VBOCs provide advanced resources such as:
  • Government Contracting Support: Learn about certification programs like SDVOSB to compete for exclusive contracts.
  • Export Assistance: Expand into global markets with tailored guidance from VBOCs.
  • Leadership Development: Enhance your skills to manage larger teams and operations effectively.