Grants for Veteran-Owned Small Businesses

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  Veterans Business Outreach Center

  Veterans Business Outreach Center - Supports veteran entrepreneurs with training, counseling, and resources.

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  Small Business Administration

  Small Business Administration - Federal agency supporting small business growth and development.

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  Hivers and Strivers Fund

  Hivers and Strivers Fund - Venture capital supporting historically black colleges and universities (HBCU) startups.

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  StreetShares Foundation

  StreetShares Foundation - Supports veteran entrepreneurs through funding and business resources.

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  PenFed Foundation

  PenFed Foundation - Supports military and veterans through financial assistance programs.

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  Warrior Rising

  Warrior Rising - Supports veterans in starting and growing successful businesses.

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  VetBizCentral

  VetBizCentral - Support center for veteran entrepreneurs and business owners.

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  Veteran Business Outreach Centers

  Veteran Business Outreach Centers - Veteran Business Outreach Centers aid veteran entrepreneurs' business endeavors.

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  Office of Veterans Business Development

  Office of Veterans Business Development - Supports veteran entrepreneurs with resources and business assistance.

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  Veterans Business Fund

  Veterans Business Fund - Provides non-interest loans to veteran-owned startups and businesses.

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Grants for Veteran-Owned Small Businesses

1.

Veterans Business Outreach Center

The Veterans Business Outreach Center (VBOC) is a dedicated resource for veterans, active-duty service members, and military spouses looking to start or grow their own businesses. Funded by the U.S. Small Business Administration (SBA), VBOC provides comprehensive business training, tailored mentorship, and support for securing loans and grants. Through workshops, one-on-one consultations, and networking opportunities, VBOC empowers military entrepreneurs with the skills and knowledge necessary to succeed in the civilian business landscape, fostering economic growth and veteran empowerment.

Pros

• Provides business training
• counseling
• and resources to veterans.

Cons

• Limited locations and resources
• potential long wait times for assistance.

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2.

Small Business Administration

The Small Business Administration (SBA) is a U.S. government agency established in 1953 to support and promote small businesses and entrepreneurs. It provides a range of services including business financing, disaster assistance, advisory and mentoring programs, and access to government contracts. The SBA plays a crucial role in fostering economic growth by helping small businesses start, grow, and succeed in the competitive market. Its programs are designed to empower diverse business owners, including women, minorities, and veterans, ensuring inclusive opportunities across the nation.

Pros

• Access to funding
• expert advice
• networking opportunities.

Cons

• Stringent eligibility
• extensive paperwork
• competitive grants.

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3.

Hivers and Strivers Fund

The Hivers and Strivers Fund is an angel investment group that provides early-stage capital to startups founded and managed by graduates of U.S. military academies. Focused on harnessing the leadership and technical skills of these military veterans, the fund supports high-potential ventures across various industries. By leveraging a robust network of investors and mentors, Hivers and Strivers aims to foster innovation and entrepreneurship within the veteran community, while offering unique investment opportunities that capitalize on the discipline and dedication characteristic of military-trained entrepreneurs.

Pros

• Encourages savings
• offers investment growth.

Cons

• Limited accessibility
• potential for high fees.

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4.

StreetShares Foundation

StreetShares Foundation is a nonprofit organization committed to supporting veteran and military spouse entrepreneurs. Through grant funding, educational resources, and community networking, the Foundation seeks to empower these individuals to launch and grow successful businesses. By fostering a vibrant ecosystem of veteran-owned enterprises, StreetShares Foundation contributes to economic stability and job creation within the veteran community. Their flagship programs include the Veteran Small Business Award and professional mentorship initiatives, which provide critical financial and strategic assistance to entrepreneurial veterans across the United States.

Pros

• Supports veteran entrepreneurs
• grants
• mentoring

Cons

• Competitive
• limited funding
• eligibility restricted to veterans.

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5.

PenFed Foundation

The PenFed Foundation is a non-profit organization dedicated to supporting and empowering military service members, veterans, and their families. Established by the Pentagon Federal Credit Union (PenFed), the foundation provides financial assistance, educational scholarships, and emergency aid to those in need. Its programs focus on promoting financial stability, housing security, and overall wellness, ensuring that those who have served the nation can successfully transition back into civilian life. Through community partnerships and donor support, the PenFed Foundation continues to make a significant impact in the lives of military families across the United States.

Pros

• Supports military families
• offers financial assistance
• promotes education.

Cons

• Limited reach
• relies on donations
• application process lengthy.

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6.

Warrior Rising

Warrior Rising is a non-profit organization dedicated to empowering U.S. military veterans and their families by providing them with the necessary tools to become successful entrepreneurs. Through comprehensive training, mentoring, and access to vital resources, the organization helps veterans transition from military to civilian life by fostering business acumen and optimism. Their mission is to transform veteran-owned businesses into thriving enterprises, thereby enhancing the economic stability and personal fulfillment of veterans who have bravely served their country. Warrior Rising embodies a commitment to uplift and honor those who have sacrificed for freedom.

Pros

• Supports veterans' entrepreneurship
• offers mentorship.

Cons

• Limited to military
• potentially high competition for resources.

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7.

VetBizCentral

VetBizCentral is a dedicated non-profit organization that supports U.S. military veterans, active-duty service members, National Guard, and reservists in achieving entrepreneurial success. They offer comprehensive services including business counseling, training, mentorship, and access to essential resources. By providing guidance on business planning, financing, marketing, and management, VetBizCentral empowers veterans to launch, grow, and sustain their businesses. Their commitment extends to fostering economic self-sufficiency and enhancing the veteran community through solid business education and opportunities, making them an invaluable asset for veteran entrepreneurs.

Pros

• Supports veteran entrepreneurs
• provides resources and training

Cons

• Limited to veterans
• may have specific eligibility criteria.

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8.

Veteran Business Outreach Centers

Veteran Business Outreach Centers (VBOCs) are specialized resource hubs established by the Small Business Administration to provide business development support specifically tailored to veteran-owned businesses. These centers offer a range of services, including business plan workshops, mentorship, and counseling on various aspects of entrepreneurship such as financing, marketing, and government contracting. By fostering veteran entrepreneurship through targeted assistance and training programs, VBOCs play a vital role in empowering veterans to successfully transition from military service to business ownership, thereby contributing to the economic growth and innovation of their communities.

Pros

• Offers resources
• mentorship
• and networking for veteran entrepreneurs

Cons

• Limited locations and potential wait times for services.

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9.

Office of Veterans Business Development

The Office of Veterans Business Development (OVBD) is a specialized division within the U.S. Small Business Administration (SBA) dedicated to empowering veteran entrepreneurs. It provides veterans, service-disabled veterans, reservists, and military spouses with tailored programs, resources, and support to start, grow, and sustain their businesses. The OVBD offers access to capital, mentorship, training, and procurement opportunities. By fostering an entrepreneurial spirit and leveraging veterans' unique skills, the OVBD plays a crucial role in bolstering economic growth and ensuring veteran business success.

Pros

• Provides resources and support for veteran entrepreneurs; fosters networking and mentorship.

Cons

• Limited funding; potential bureaucratic delays.

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10.

Veterans Business Fund

The Veterans Business Fund (VBF) is a philanthropic initiative designed to support U.S. military veterans in starting or expanding their own businesses. By providing low-interest loans and mentoring services, VBF helps veteran entrepreneurs achieve financial independence and success. Funded by donations from individuals, corporations, and other organizations, the initiative aims to bridge the gap in traditional financing options available to veterans. The VBF empowers veterans to leverage their unique skills and experiences, fostering economic growth within the veteran community and contributing to the broader economy.

Pros

• Supports veteran entrepreneurs
• provides funding
• boosts economy.

Cons

• Limited resources
• competitive application process
• dependency risk.

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