Boots to Business Program Reaches 100,000 Participant Milestone
WASHINGTON – The U.S. Small Business Administration recently announced that more than 100,000 current and aspiring veteran business owners have participated in the Boots to Business training course since the program began in January 2013.
“The SBA is all about powering the American dream. This is no different for the veteran business community,” said Larry Stubblefield, Associate Administrator, Office of Veterans Business Development. “We are very proud of this monumental milestone and thank all of the resource partners who have worked so hard over the years to conduct this training for our military community.”
The Boots to Business program provides entrepreneurial education and training to transitioning service members, veterans and military spouses (including members of the National Guard and Reserve) via the U.S. Department of Defense’s Transition Assistance Program.
The program is administered as a collaborative effort between SBA district offices and resource partners, which include Veterans Business Outreach Centers, Women’s Business Centers, SCORE, America’s Small Business Development Centers and grant partners.
Each year, SBA helps more than 200,000 veterans, service-disabled veterans, members of the National Guard and Reserve, and military spouses start, grow and expand their businesses.
To learn more about Boots to Business, visit sbavets.force.com.
Thinking of starting your own business and becoming a certified Veteran-Owned Business (VOB) or certified Service-Disabled Veteran-Owned Business (SDVOB)?
Is this right for me? One way to know is to ask yourself, “Am I an employee or entrepreneur?” If you are indeed an entrepreneur, below are some commonly asked questions and valuable veteran entrepreneur resources to get you started in the right direction.
What is a veteran-owned small business (VOSB)?
- Veteran Owned Small Business (VOSB) is a company diversity registration designated under the Veteran Benefits, Health Care, and Information Technology Act of 2006 (Public Law 109-461). Registration ensures that companies qualify for preferential procurement for federal contracts if they are owned and controlled by Veterans.
- This certification is non-industry specific and requires that the firm meets the small business requirements established by the Small Business Administration (SBA). Additionally, it requires that the company is at least 51% owned, operated and controlled by a veteran.
- Organizations wishing to become verified as a veteran owned small business can submit an application to the Department of Veteran Affairs (VA). The application will be reviewed and the business will be evaluated for eligibility. The process takes approximately 90 days to complete. If the decision on eligibility is unfavorable, the organization may appeal the process for reconsideration.
How to register as a veteran-owned small business?
Certification can significantly help your business gain access to government contracts. Whether you are just starting a business or your company is already established, you can drastically benefit from these “set aside” contracts. There are several government agencies at the local, state or federal level that offer certification. To certify your VOSB through the VA, you must first register with the VetBiz registry. Once you’ve joined this database, you can apply for the Veterans First Contracting Program. This program gives veterans and service-disabled veterans top priority for VA contracts and subcontracts…Read more
Can I register my business as a service-disabled veteran-owned small business (SDVOSB)?
If you meet all the requirements of a VOSB, and either you or another Veteran owner of the company meets at least one of the requirements listed below.
You or another Veteran owner of the company must have at least one of these:
What kind of advantages and support can I get when I register my veteran-owned small business?
- The ability to do business with the VA. If you want to do business with VA, your company must be registered as a VOSB or SDVOSB.
- Priority when you bid on contracts for other federal or state government agencies
- Tax relief
- Better access to capital
- Extra support if your startup or small business is poised for high growth and innovation…Read more
How do I obtain financing for a veteran-owned business?
Veteran business loans can be any type of debt financing geared towards helping veteran entrepreneurs grow their businesses. When you need a start up loan, or a loan to hire new employees, open up a new location, or simply could use some extra working capital, there are a few different places you can look to find what you need through veteran business loans. Veteran business owners can access funding through sources as diverse as VA business loans, alternative lenders, and even veteran business grants…Read more
How do I procure government contracts for my veteran-owned business?
Qualify for advantages when bidding on government contracts—along with access to other resources and support—through the Vets First Verification Program. This program is run by the Office of Small & Disadvantaged Business Utilization (OSDBU). Registering through OSDBU will allow you to work with us (all businesses who work with VA must be registered). Find out if you’re eligible and how to register your business…Read more
Network at these nationwide events and connect with government and law enforcement agencies looking to do business with VBOs & SDVBOs
• AMAC- Airport Minority Advisory Council
• Elite SDVOB- Service Disabled Veteran Owned Business Annual Conference
• Keeping the Promise Annual Conference
• Navy Gold Coast
• NVSBC- National Veteran Small Business Coalition
• NVSBE- National Veterans Small Business Engagement
• USVBA- United States Veterans Business Alliance
• Veterans in Business
• Veteran Women Igniting the Spirit of Entrepreneurship
• WBENC-Women’s Business Enterprise National Council