Veterans Helping Veterans
Assisting Veterans, Active Duty, Guard and Reserve Members in the formation and expansion of their businesses.
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SBA Revises Size Standards for
Wholesale Trade and
Retail Trade Industries
WASHINGTON The U.S. Small Business Administration (SBA) increased small business size standards affecting businesses in 46 industries in North American Industry Classification System (NAICS) Sector 42, Wholesale Trade, and in one industry in Sector 44-45, Retail Trade. SBA retained the current size standards for the remaining industries in those sectors. The final rule was published in the Federal Register on January 25th and will be effective February 26, 2016.
As part of the review of all size standards under the Small Business Jobs Act of 2010 (Jobs Act), SBA reviewed 73 employee based size standards in those sectors to determine whether they should be revised or retained.
Bill Giving More Small Businesses
Access to Federal Contracts
Heads to Congress
Hardy Stone VetLikeMe
16 Jan. 2016
Small businesses amy soon have better opportunities to bid for federal contracts. The U.S. House Committee on Small Business has approved bipartisan legislation to expand and boost the prospects for smaller firms in the federal bidding process.
The measure, H.R. 4341, the Defending America’s Small Contractors Act of 2016, received unanimous committee support and has now advanced to the full House of Representatives for consideration.
Why Veterans Lending to Veterans
May be the Future of
Small Business Lending
Hardy Stone VetLikeMe
from Forbes (Marc Prosser)
04 Jan. 2016
I recently had a chance to interview Mark L. Rockefeller, the co-founder and CEO of small business social lending platform, StreetShares. Mark is an Air Force veteran who served in Iraq. He has a strong desire to help other vets, which in part inspired the creation of StreetShares.
StreetShares is a P2P crowdlending platform that funds American small businesses. StreetShares funds all kinds of business owners, but StreetShares has a particular focus on helping veteran-owned small businesses. StreetShares funds businesses using what Mark called “social affinity lending.” This means that loans to businesses are supported by investors who share a particular social group membership with the borrowers. Social groups may include: veterans, alumni of the same school, members of the same profession, residents of the same neighborhood, or members of the same organization. StreetShares is starting with veterans. Many of America’s 21.8 million veterans share a strong connection to their fellow vets. By tapping into this loyalty, Mark and his team may be able to produce a better lending platform with lower rates for borrowers and lower risk for investors.
Business Resources for Veterans and
Active Duty Military Entrepreneurs
Carol Roth Huffington Post
I believe strongly that when you have prepared for and experienced combat, you are more than prepared with the guts, determination and resourcefulness to launch your own business initiative. Veterans seem to agree. According to the Small Business Administration (SBA), veterans are 45% more likely to be self-employed than non-veterans. Additionally nearly 1 in 10 small businesses are veteran owned, employing 5.8 million people and generating more than $1 trillion in revenue.
However, while these brave men and women who have served their countries may possess many of the qualities to become great entrepreneurs, there are still resources and expertise they need to make a new business work. With more than 1 million men and women on active duty expected to return to civilian life in the next five years and a higher unemployment rate amongst younger veterans than nationally, it is more critical than ever to help them succeed.
SBA Learning Center
Establishing Values for Your Business
The values and culture of your company have a direct effect on your employees, your customers, and your bottom line. What are you doing to establish, cultivate, and grow values for your business?
• Implementing company values
• Getting input from stakeholders and customers
• Including values in your strategic planning
READ MORE (30 minutes)
State Contracting with Businesses Owned by
Qualified Disabled Veterans, FY2014
Required by section 18.1261(9) of Public Act 431 of 1984, as amended
The Management and Budget Act (1984 PA 431, as amended) establishes (i) a goal for the department to award each year not less than 5% of its total expenditures for construction, goods, and services to service-disabled veteran-owned businesses (SDVOBs), and (ii) a price preference of up to 10% of the amount of the contract for qualified SDVOBs) when competing for state contracts.
This report illustrates the department’s progress toward achieving the 5% goal and presents several data points and trends which show the progress made toward the goal.
The aggregate value of contracts awarded to SDVOBs as a percentage of expenditures for construction, goods, and services was 2% in FY 2014, up from 1.53% in FY 2013.
The aggregate value of contract awards totaled $64,641,923.04 in FY 2014. This represents the second best result since the act was implemented.
Total annual spend as a result of aggregate awards has grown from $1.1 Million in 2007 to over $58.1 million in 2014, the highest recorded since the law was passed.
The number of contracts awarded to SDVOBs has stabilized at 365 compared to 370 in 2013. The number of bidders is down slightly from 82 in FY13 to 73 in FY 2014.
SDVOBs continue to win a large percentage of project awards for which they bid.
This report illustrates the significant progress which has been achieved in recent years, and the Department of Technology, Management & Budget recommends that outreach efforts to the service-disabled veteran-owned business community continue.
REQUEST FOR COUNSELING
The U.S. Small Business Administration requires all clients to complete the Request for Counseling (Form 641). This form will act as our Confidentiality and Code of Conduct Agreements. All client information is held in strictest of confidence.
To start the process, please click on the above e-CENTER button to access our electronic Request for Counseling form. After submission, a counselor will contact you shortly.
Verification Process Training Opportunities
Preparing For Re-Evaluation
1st Tuesday of Each Month
Designed for firms whose verification will be expiring
3rd Tuesday of Each Month
Designed for firms interested in submitting their first CVE Verification application
4th Tuesday of Each Month
Designed for firms who have been verified in six months
Center For Verification
Apply here for VOSB or SDVOSB status with the VA
CVE Business Locator
A Nonprofit assisting veterans since 2005, serving Michigan, Ohio and Indiana