There are over 2.5 million veteran-owned businesses in the United States, and that number is growing every year. In fact, many veterans are taking the skills they picked up in the military to forge their own destinies by opening up successful businesses. That said, many veterans do not know where to start in choosing a business or getting the financing they need to launch, maintain, and grow their operations.
Franchises
Perhaps one of the most accessible business models is the franchise. Franchises are turn-key with built-in training, workflow, and marketing. Veteran-owned franchises are extremely successful, and many franchise companies to extend special pricing to veterans who are looking to make that initial down payment.
Commercial Real Estate
From fix and flip projects to construction companies, veterans have been finding their fortune by building, renovating, selling, and renting properties all over the country. Commercial real estate is an industry with satisfying and tangible results that improve communities.
Trucking
Many veterans seem attracted to trucking, either as owner-operators or by launching their own small trucking fleets. The trucking industry as a whole has made it easier for veterans to get a head start by waiving a lot of the training needed to operate a Class-8 vehicle.
Less Traditional Businesses
For those veterans looking to carve out a niche in the marketplace, many have become successful personal trainers, consultants, software contractors, and some even go back to their former employers as government contractors at state and federal levels.
Financing for Veteran-Owned Businesses
There are a number of business grants available for veterans who want to start their own businesses. Additionally, there are special SBA loans designed specifically for existing and emerging veteran-owned businesses.
Get Financing for Your Veteran-Owned Business
At Golden Century Lending, we work with veteran-owned businesses across all industries to create customized financing solutions. From SBA loans to equipment, commercial real estate financing, and more, our team will work with you to understand your needs, so we can provide the funding you need to enjoy long-term success. Get in touch with the team at Golden Century Lending today.