Returning from the battlefield to a normal civilian life can be difficult for many veterans. If your goal after serving our country is to start a small business, your transition can be made easier if you decide to get an equipment loan instead of purchasing the equipment. As a veteran, you have many opportunities for equipment loans that will help with securing all the necessary tools for your small business. Combined with the strong work ethic and determination of a soldier, you can turn your startup into a successful corporation by researching these funding options specially designed for veterans:
1) Venture Capital — Those who have gone from being in the military to a successful business owner understand the struggle with adapting to normal civilian life. Many have turned around and funded venture capitals designed specifically for post-battlefield entrepreneurs. Companies such as Scout Ventures and The Veterans’ Opportunity Fund will invest up to millions of dollars in veteran-run small businesses. Provide a strong business plan and odds are likely you will be able to fund the necessary equipment.
2) Grants for Disabled — If battle injuries are posing serious work challenges, you may be entitled to grant money to fund your equipment needs. Keep in mind that grants do not require repayment. Discuss with a Biz2Credit advisor to find out if you are eligible.
Opportunities designed specifically for veterans to return from their service and lead a successful civilian life. The transition may seem difficult, but be patient and continue searching for funding to purchase all your necessary equipment. Visit Biz2Credit if you have any further questions.