Tag Archives: Veteran

BLOG: Veterans First Buying Authority

The Veterans First Buying Authority redefines priorities for contracting preferences within VA, and gives service-disabled veteran-owned small businesses (SDVOSBs) and veteran-owned small businesses (VOSBs) first and second priority, respectively, in satisfying VA’s acquisition requirements. (more…)

BLOG: Timeline for Suspending Your Business

Many business owners who are members of the National Guard or Reserves make the decision to suspend their business during absences caused by training, mobilization, and deployment. There are many reasons business owners might choose to do so, but oftentimes suspending business is the only viable option, especially when there is no one else with the skill or knowledge to take over while you are gone. For example, artists, craftsmen or even independent truck drivers do not have the option to pass their business on to someone else. (more…)

BLOG: SBA 7(a) Loans — SBA Express Loan & Patriot Express Loan

With the SBA Express loan and the Patriot Express Loan lenders can use, to the maximum extent possible, their own loan analyses, procedures and documentation, in addition to their own application forms, internal credit memoranda, notes, collateral documents, servicing documentation and liquidation documentation. In return for the expanded authority and autonomy provided by the program, lenders agree to accept a maximum SBA guaranty of 50 percent (85 percent for Patriot Express). (more…)

BLOG: Deployment: Sustain or Suspend Your Business

Please Note:  This series, “Preparing your Business for Deployment,” is focused on our military entrepreneurs who may have to deploy.  However, the information and checklists would apply to any business owner who may need to take a sudden leave of absence from their business due to a life changing emergency.  It is suggested that all entrepreneurs should have some sort of plan in place in case they need to either sustain or suspend their business in their absence.  (more…)