The presidential election has passed with a touch of frustration, but check your calendar, today is Veteran’s Day. We all are given a unique opportunity on this day to celebrate the contributions and sacrifices made each and every day by our military veterans.
How Small Businesses Can Honor Veterans
How small business owners can salute the brave hearts with pride and respect, while bettering their companies this Veterans Day? Usually, they show their customers this is a day that really matters by:
- getting people who have the day off this day to come in for your special Veterans Day Sale.
- giving vets who work on you the day off .
- partnering with businesses that are veteran owned.
- having free offers for veterans and their families.
- donating $1 for every ordered meal or sold goods on Veterans Day.
- sharing a portion of you sales with a particular organization that supports veterans.
These are just a few examples to show that a company is veteran-friendly. So you can do too.
Veteran-Owned Business Funding Options
According to the Institute for Veterans and Military Families, there are more than 20,000 veteran-owned Small Businesses listed on VOB nationwide. Every 10th veteran decides to become his own boss after serving his country. Despite the growing trend towards entrepreneurship, funding options for veteran-owned businesses are difficult to find. Here are four unique funding programs if you are a veteran starting or expanding your business.
If you’re a veteran hoping to get your small business off the ground, you can obtain a grant to fund purchase of equipment, inventory, supplies, and marketing. Just in case you are planning to boost asap, a merchant cash advance (MCA) would be an option as it is fast to obtain and easy to repay. US lending organizations provide many veteran owned business loan types such as SBA Loans, Line of Credit, Short Term Loans, Equipment Financing, Invoice Financing and of course Merchant Cash Advance. Frankly speaking, MCA is not technically a loan. It is a lump-sum advance in exchange of future credit or debit card receivables for an agreed upon percentage called a factor rate.
To help you grow your business, 800fund.com has a great offer for you! Veteran owned businesses will receive 10% of funded amount interest free. We value all the thing you have done for us and for the nation too. Contact us at 212.865.3863 to learn more details.