Office of Veterans Business Development | Resources

The U.S. Small Business Administration’s Office of Veterans Business Development (OVBD) is committed to opening the doors for all veterans, service members (including members of the National Guard and Reserve) and their spouses, who are considering small business ownership. OVBD offers many programs and services to assist veteran and military spouse small business owners, such as training, counseling and mentorship, and oversight of federal procurement programs for veteran-owned and service-disabled veteran-owned small businesses.

Programs

Available entrepreneurial training programs consist of:

  • Service-Disabled Entrepreneurship Development Training Program (SDVETP) is a training grant available for up to six grant awardees (minimum award of $50,000, maximum award of $150,000) with the purpose of supporting organizations that currently deliver entrepreneurship training program(s) to service-disabled veteran entrepreneurs who aspire to be small business owners or currently own a small business. For more information about this grant opportunity, please reference the attached program announcement.
  • Veterans Institute for Procurement (VIP) is an accelerator like in-residence educational training program, funded in part by SBA for owners, principals, and C-level executives of veteran-owned businesses and service-disabled veteran-owned businesses focusing on federal procurement.
  • Boots to Business is the two-step program offered by the SBA on military installations around the world as a training track of the Department of Defense’s (DODs) Transition Assistance Program (TAP). The Introduction to Entrepreneurship course is also available 24/7 through DOD’s Joint Knowledge Online. Upon completion, service members can continue training via an eight-week online Foundations of Entrepreneurship course.
  • Boots to Business|Reboot extends the entrepreneurship training offered in TAP on military installations to veterans of all eras in their communities.
  • Veteran Women Igniting the Spirit of Entrepreneurship (V-WISE) is an SBA funded program provided by the Institute for Veterans and Military Families. V-WISE includes online training, a conference that harnesses the unique esprit de corps of women veterans and female military spouses, and follow on mentoring through a community of partners.

Through SBA district offices and resource partners, OVBD also offers additional startup and advanced business counseling in local communities around the nation.

Access to Capital

The SBA works with lenders across the nation to help get small business loans into the hands of more service members, veterans and military spouse entrepreneurs.

  • Leveraging Information and Networks to Access Capital (LINC) is an online matchmaking service, connecting small business owners with nonprofit lenders that offer free financial advice and specialize in microlending, smaller loans (SBA Community Advantage program), and real estate financing (SBA 504 loan program).
  • SBA Veteran’s Entrepreneurship Act of 2015 reduces the upfront borrower fee to zero dollars for eligible veterans and military spouses for SBA Express loans up to $350,000.
  • SBA Veterans Advantage guarantees loans approved to businesses owned by veterans or military spouses during fiscal year 2016 (October 1, 2015 through September 30, 2016) will receive the benefit of its regular guaranty fee reduced by 50%, when the loan is over $150,000.

Contracting

The government offers many tools to help small businesses build their potential to successfully compete in the federal sector. The government can help with preparation for opportunities in federal procurement, cultivating connections within commercial supply chains, and disaster assistance.

Each year, SBA assists more than 200,000 veterans, reservists, and service-disabled veterans to start and grow their small businesses. If your small business is eligible, and you would like to know more information about the SBA programs and resources available to service-disabled veterans, please go to www.sba.gov/sdvosb.

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SDVETP Program Announcement 555Kb