As Steve Buyer states ,“America’s veterans embody the ideals upon which America was founded more than 229 years ago.” Regardless of their country, veterans know the struggle of sustaining their people.
They fight and train day and night to save their people from harm. When they retire, the military has various veterans support foundations, whether educational, medical, or financial. However, these grants make veterans dependent on the military for life-long. Some veterans separate from the military after serving for a few years. They plan to own a business; however, unfortunately, the military has no veterans’ support foundations to start their own business.
They can have educational and medical benefits, but these grants make the veterans feel bound and fixated on the military’s aid. Even though veteran entrepreneurs are very small in population, millions of small businesses worldwide are owned by veterans.
For veterans to start their own business, . To prove it ,
They fill out a Department of Defense Form and submit a verification application to the department of veteran affairs (VA). Veterans would not get a business loan from the VA; however, they will receive a letter verifying that a certain veteran no longer serves the military.
Based on this letter, they can receive a business loan from banks and other small agencies. Banks put forward the hardest struggles. Veterans do not often get business loans due to their weak past financial status, history, and lack of qualification. Both of these factors rule every industry in the world singlehandedly.
If veterans cannot receive loans from banks due to their shortcomings, they can approach other small financing resources that are always willing to serve them.
Hivers and Strivers
It is one of the top loan granting agencies. It is one of the best veterans’ support foundations, and they help the veterans by providing them loans within the range of $250,000 and $1,000,000. They plays its role as an angel as it refuses to be one of those who make veterans fixated on them .
There is feasible tax and interest on the loan at the time of return, and the veterans are free to Live connected or separate their ways after they have loan transaction is completed.
The veteran would need to fill out an online form to apply for the loan.
The street share foundation and loans
These veterans’ support foundations have proved to be the most understanding and responsive in providing help for veterans. It is a reliable startup initiated by a community of entrepreneurial veterans. No one can understand a veteran more than the one of his kind.
The platform is not an only-veteran initiative. It offers loans and grants to other small businesses too. One condition for any entrepreneur to apply for the loans .Is that their business must be benefiting the environment and society somehow. They offer special loan discounts and grants for entrepreneurial veterans.
Apart from these loan-granting businesses, we all hope that the veterans’ support foundations start to provide businesses to contribute to veterans’ financial help because nothing could be better than that.