By Guest Blogger Cecelia Taylor, U.S. Small Business Administration, Office of Communications and Public Liaison
If you are a veteran or service-disabled veteran, the U.S. Small Business Administration (SBA) has resources to help you start and grow your small business. From creating a business plan to finding your first customer, we’re here to help you succeed.
SBA’s Office of Veterans Business Development (OVBD) exists to serve the veteran-owned small business community. Veterans are a particular focus for SBA because veteran-owned small businesses account for a large percentage of small businesses.
Did you know?
- An estimated 8.3 percent of veteran business owners have service-related disabilities.
- Veterans are at least 45 percent more likely than those with no military experience to be entrepreneurs.
- U.S. military veterans own 2.4 million businesses (or nearly 10 percent of all businesses nationwide).
- Veteran-owned businesses generated $1.2 trillion in receipts (i.e., four percent of all businesses’ receipts nationwide) and employ nearly 5.8 million people.