The Complete Guide to Small Business Loans for Veterans

Feb 29, 2020

The Complete Guide to Small Business Loans for Veterans

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Military veterans have multiple resources when it comes to small business financing. Some, like traditional business loans, are also available to the general public. Other funding and resources are earmarked for veterans, providing a competitive edge that has been justly earned by your selfless contributions on behalf of our country.

Your first objective is to develop a comprehensive business plan. This plan will serve as your road map as you strive to launch or expand your business. Key components of your plan will be the amount of money you’ll need to reach your goals and the timeframe for receiving that money.

Once you’ve clarified the financial details, you’ll be better able to choose a winner from among the various funding options. For example, if you need expedited cash, several loans can be immediately ruled out due to their lengthy processing times. And if you need to borrow a large amount of money, some of the most user-friendly forms of financing will be excluded because of their relatively low dollar amounts.

About the Author

Grant Olsen

Grant Olsen

Grant Olsen is a writer specializing in small business loans, leadership skills, and growth strategies. He is a contributing writer for KSL 5 TV, where his articles have generated more than 6 million page views, and has been featured on FitSmallBusiness.com and ModernHealthcare.com. Grant is also the author of the book "Rhino Trouble." He has a B.A. in English from Brigham Young University.

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