Saturday, June 2, 2012

Veteran Small Business Owner Resources:

With extensive discussion this week on veterans' employment and continuing work with IFA to help veterans become franchisees, VFW also wanted to highlight several other resources that can help veteran entrepreneurs start their own small businesses and possibly secure federal contracts: * Small Business Administration: SBA offers a variety of tools and resources to veteran entrepreneurs to help get a veteran-owned small business off the ground. These resources are provided regionally through Veterans Business Outreach Centers, or VBOCs. To learn about the services available through VBOCs and to find the center closest to you, visit the SBA's website at http://www.sba.gov/content/veterans-business-outreach-centers. * Patriot Loans: SBA also offers financing assistance options for veterans who want to start a small business. Patriot Express Loans are available to anyone who has served honorably to help with expenses ranging from start-up costs to major equipment purchases. Learn more at http://www.sba.gov/content/express-pilot-programs. * Central Contractor Registration: Businesses that seek to secure federal contracts, including set-aside contracts for veteran-owned and service disabled veteran-owned small businesses, must register with the federal government's Central Contract Registration. Start the process at https://www.bpn.gov/ccr/default.aspx. * FedBid is an online marketplace that allows government agencies to identify contractors that can meet their needs. Veteran-owned and service disabled veteran-owned small businesses can register with FedBid for set-aside, competitive or sole-source contracts. The business model is reverse auction, meaning sellers can select to bid on contracts. The government agency, or "buyer," can select the contractor that meets their need. The cost of utilizing FedBid is factored into the bid. Sellers bidding on federal contracts must be registered with Central Contracting Registration. FedBid is just one of several online marketplaces that help businesses secure government contracts. Learn more at http://www.fedbid.com/.

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