President Signs Veterans Entrepreneurship Act
The president recently signed into law the Veterans Entrepreneurship Act. The new law waives the upfront guarantee fee for veterans applying for 7(a) express loans through the Small Business Administration (SBA), helping recently discharged service members and other veterans with opportunities to start new businesses. According to the SBA, one out of 10 small businesses across the U.S. Is veteran-owned.
For information on resources available for veteran-owned businesses, visit the Small Business Administration website at www.sba.gov/content/veteran-service-disabled-veteran-owned and VA’s Veteran Entrepreneur Portal at www.va.gov/osdbu/entrepreneur/.
Read the text of the new law at www.govtrack.us/congress/bills/114/hr2499.
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