This week is Veteran’s Small Business Week, and Lendio would like to say thanks to our veteran’s for their service protecting our freedoms, as well as their service on Main Street. With 1 out of 10 small businesses being majority owned by veterans, they’re making a big difference for our economy. They’re driving new business, hiring employees and greatly benefiting our economy.
Here are a few numbers that show how big of an impact veteran’s are having on American industry:
- Veterans own businesses across all industries, with the highest participation in the Professional, scientific and technical services industry.
- Veteran owned businesses had sales/receipts of over $1.5 trillion
- Veteran owned businesses employee nearly 5.8 million people
Related Article: Veteran? Check Out the SBA Express Loan Program
As your own small businesses looks to hire new contractors, find service providers, or partner with other companies, be sure to keep Veteran owned businesses in mind! You can find a directory of businesses owned by veteran’s here – directory of veteran owned businesses.
Lendio would like to give back – we’re dedicated to helping veteran’s get small business loans. Whether veteran’s are looking for startup capital or a little help to keep their bills paid, Lendio can help. If you are a veteran and are looking for a small business loan you can signup for small business loans.
Data for this article was pulled from this SBA Report:
Veteran-owned Businesses and their Owners – Data from the Census Bureau’s Survey of Business Owners