The Small Business Association provides grants to veterans

The challenges experienced women entrepreneurs face when starting or developing a business include capital shortage and lack of ownership experience.

The Small Business Administration (SBA) hopes to help women raise capital by offering business owners up to $300,000 in financing through the Office of Veterans Business Development. We are adopting a veteran women’s entrepreneurship training program a maximum of six scholarship holders.

Women veterans, business owners and aspiring entrepreneurs are welcome to apply. Last 12 months, greater than 9,500 participants worked with Women’s Veterans Training Program fellows to start or grow a business.

Timothy Green, acting deputy administrator for the SBA Office of Veterans Business Development he said, “With more than two million veterans and more than 12 million women-owned businesses in the U.S., there is an incredible need for more advocates and resources tailored to women veteran entrepreneurs.”

Green added: “Through our Veteran Entrepreneurship Training Program, we provide grants that train and empower women veterans as they take the next step in their business – whether that’s taking the leap to open doors or exploring new ways to grow what they have. I successfully built it.”

Kristen Wright, owner of Kristen Wright Strategic Communications LLC in Tulsa, Oklahoma, according to the SBA, she became involved with ONABEN, a scholarship recipient of the SBA Women’s Entrepreneurship Veteran Training Program, and received funding from her by participating within the “Beyond the Boots” program.

The program played a key role in informing Wright concerning the federal bidding process. With the knowledge she gained, Wright was able to scale her operations and compete for federal contracts.

Potential winners must act quickly: the applying deadline is March 21, 2024 at 11:59 p.m. EST. Interested individuals can obtain more details and submit an application Here.