Military personnel has served their country with great honor, and now, as they get back to civilian life, it is time for the country to help them back. American alternative lenders like Crest Hill Capital help military vets with a financial boost that gives them a chance to catch up to their competitors who were busy establishing their businesses while the veterans were keeping the American flag flying high.
According to the last U.S. Census, military veterans own and run roughly 2.5 million small businesses, and alternative funding agencies have played their part in supporting many of them with exclusive funding deals for ex-military personnel.
Let’s understand how small business funding can help:
There are different alternative funding options available for veterans hoping to kickstart or grow their own business. Vets can get anywhere from $500 to $5.5million in funding depending on what they qualify for. For more details, you can look into the various deals offered by Crest Hill Capital.
A veteran can also be eligible for reduced fees if he/she is a service-disabled veteran, reservist, national guard member, participant in the transition assistance program (TAP), veteran (but not dishonorably discharged). Most alternative lenders offer a range of secured as well as unsecured financing options. Crest Hill Capital can help you with further details if you’re keen to learn more.
Remember, different lenders have different lending options and special programs for veterans. If you are a military veteran determined to start your small business, then do look closely at these options and choose one that fits your requirements. Whether you are looking to start your own business or planning to grow your existing small business, alternative funding is a great way to give some boost to your small business.
What are good small business options for veterans?
Of course, you can start any business that you want based on your interests and skills. But, being a veteran, you have certain advantages that others don’t. You can leverage your military skills and expertise to start your small business. Here are some ideas to get your brain-tickling. Check Cresthill Capital reviews to learn what other fellow business owners are saying.
1.Fitness And Self-Defense Training: As a military person, you have been trained on how to maintain your fitness along with different self-defense techniques. You may want to use these skills to build your own small business around fitness and self-defense training.
2.Travel Business: If you have served overseas during your military tenure, you may want to use that expertise and set up your travel business to assist people looking for special attention during their travels – especially in sensitive regions or conflict-ridden countries. As a vet, you are sure to have extensive knowledge about some countries than anyone else. Leverage them.
3. Own A Restaurant: If you served as a cook in the military, you will certainly have cooking skills. Set up your restaurant leveraging your expertise. Even if you don’t have cooking skills, you can still start a restaurant because you have better people management skills and set up an operation on a large scale.
Last but not least, there are a lot of training and entrepreneurship programs that are specially designed for veterans. Tap into these options if you are keen on starting your own small business. And don’t forget to read the Cresthill Capital reviews – they are well-known to help ex-military business owners with some special rates!