Veterans Small Business Week (Nov. 4-11) is the U.S. Small Business Administration’s way of saluting the significant entrepreneurial efforts of America’s military veterans.
Did you know:
- Nearly one in 10 small businesses is owned by a veteran.
- Almost 6 million people have jobs with the nation’s 2.4 million veteran-owned small businesses.
- Veterans are 45-percent more likely to be self-employed, compared to those with no military experience.
“SBA’s Veterans Small Business Week is so exciting because it really shines a light on what makes our nation strong,” Acting SBA Administrator Jeanne Hulit said in a release. “Veterans are highly-skilled and highly-trained leaders in their communities; it makes sense that after serving their country they would want to bring these skills back home and start businesses. Our job at the SBA is to make sure veterans know what tools and programs are out there to help them achieve their dreams.”
This week, SBA staff around the nation will work with partners to educate and mentor veterans about small business. Year round, the SBA offers veterans a variety of business counseling and training, as well as capital and business development by way of government contracts.
Since 2009, the dollar amount of SBA loans has doubled in support of small businesses owned by veterans, including $1.86 billion in SBA-supported loans for 3,094 veterans with small businesses in the last fiscal year.