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Veterans Entrepreneurship and Small Business Development Act of 1999
In August 1999 the US Congress enacted Public Law 106-50, the Veterans Entrepreneurship and Small Business Development Act of 1999.
The Act was initially designed to cushion the impact on small businesses when their owners or essential employees who are reservists are ordered to active duty during military conflicts, but was expanded to provide assistance to veterans who are entrepreneurs and to service-disabled veteran entrepreneurs.
Loans, loan payment deferrals during time of call-up, technical, and managerial assistance were mandated.
The Act establishes an Office of Veterans Business Development, administered by an Associate Administrator for Veterans Business Development within the Small Business Administration.
The Act establishes the national Veterans Business Development Corporation to expand the provision of and improve access to technical assistance regarding entrepreneurship for veterans, and to work with and organize public and private resources and the business development staffs of each Federal department and agency to assist veterans and service-disabled veterans with the formation and expansion of small businesses.
The Act establishes an Advisory Committee on Veterans Business Affairs to serve as an independent source of advice and policy recommendations concerning veterans' business affairs.
The Act directs the SBA to work with the Service Corps of Retired Executives (SCORE) to provide a variety of training and counseling services to veterans, including assistance with business plans.
Presently the SBA has designated four regions to provide entrepreneurial development services such as business training, counseling and mentoring, business plan workshops, concept assessments, business plans veterans, comprehensive feasibility analysis, entrepreneurial training and counseling, mentorship, and training in international trade, franchising, internet marketing and accounting.
Business plans that were once rejected are now welcomed.
Check in at the SBA Office of Veterans Business Development for information on new programs and programs in your area.
There are presently two programs for business loans for veterans from the SBA: the SBA Express and the Patriot Express. Also check out the Service Disabled Veteran-Owned Small Business Concerns.
See how New Jersey has handled providing SBA enhanced benefits to veterans via SBA business loans for veterans.
Vet Biz provides city-by-city searches for business training, financing and development, especially for U.S. Veterans. As of April 2006, the site is operating very well. I did several test searches, and came up with a dozen or more responses. It's well worth the effort to try it out. Information here is totally FREE.
Additional resources for veterans:
The website for the US Department of Veterans Affairs with news and information on all of the programs available to veterans.
This website is a general clearinghouse of information about the VA loan from the Department of Veteranís Affairs.
A general explanation of all of the benefits available to veterans through the VA Loan program.
This site announces the Office of Servicemember Affairs, an organization that will help to protect the finances of military personnel and their families.
The 15 VA Business Service Centers are::
Region I (Mass., ME, VT, RI, CT, NH)
Northeast Veterans Business Resource Center
Region II (NY, NJ, Puerto Rico, US Virgin Islands)
State University of New York SUNY at Farmingdale
Rutgers, The State University of New Jersey
Region III (PA, MD, VA, WV, DE, DC)
Old Dominion University
University of Pennsylvania
Region IV (FL, GA, AL, SC, Miss, KY, TN, NC)
Univ of West Florida,
Fayetteville State Univ
REGION V (Mich, WI, IL, OH, Indiana)
REGION VI (TX, NM, ARK, LA, OK)
Univ of Texas -PanAmerican
NM Dept of Vet's Services
Santa Fe, NM
Southwest LA Business Development Center
REGION VII (MO, KS, IA, NB)
Veterans Advocacy Found.
St. Louis, MO
REGION VIII (MT, ND, SD, WY, UT, CO)
Chippewa Cree Trive
Box Elder, MT
REGION IX (CA, AZ, Guamn, HI, NV)
Vietnam Vets of California
University of Guam
Handicapped Business Loans:
Business Loans for Hispanics:
Business Plans for Veterans:
Business Plans for Women:
The measure of a man is not where he stands in
moments of comfort and convenience, but where he stands at times of
challenge and controversy.
MARTIN LUTHER KING, JR.
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