Military entrepreneurs take note - Banks are stepping up lending to small business

Posted by Michael Horn on Fri, Jul 06, 2018 @ 12:36 PM

Here is a short article from John Aidan Byrne at the New York Post. In Module 6 of VETToCEO Entrepreneurship for Transitioning Warriors we discuss sources of funding for veteran entrepreneurs. We detail all of the different ways that military veterans can fund their business idea. Many veterans think that a bank loan is the only way to secure funding. In class we find that banks are just one of many sources of capital. This article deals specifically with banks. The Biz2Credit Small Business Lending Index offers you great information on loan approval rates for the various lending entities available.

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Tags: VetToCEO.org, vetrepreneur, Vets, Entrepreneurs, Entrepreneurship, Veteran, Loans

Military Entrepreneurs Take Note -- What Government Loans are Available to Entrepreneurs?

Posted by Michael Horn on Fri, May 18, 2018 @ 08:46 AM

In Module 6 of Entrepreneurship for Transitioning Warriors we discuss the myriad of funding sources available to military entrepreneurs. Here is a great article from Adam C. Uzialko at Business.com that offers some details that are worth some additional research. There are many debt and equity sources of funding to consider that apply to your situation. Consider all of these during your SWOT analysis to find the best sources for you. Remember that funding sources have near term and long term impact on your company.

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Tags: vetrepreneur, Small Business, Vets, Loans, Resources, Veteran

Military Entrepreneurs-Veteran Business Loans: A Definitive Guide

Posted by Michael Horn on Fri, Apr 13, 2018 @ 09:57 AM

Our friend Hardy Stone at VetLikeMe.org offers some great loan advice here. In Session 6 of Entrepreneurship for Transitioning Warriors we discuss the different funding sources that military entrepreneurs can use. This concise article lists a few more for veterans. Understanding these sources and those offered by the SBA and others will help you determine the funding source that is right for you. We will discuss this again in class.

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Tags: vetrepreneur, investors, Vets, Loans, alternative funding

Military Entrepreneurs-Understanding business lines of credit-Pt.2

Posted by Michael Horn on Wed, Oct 11, 2017 @ 06:40 AM

In Session 6 of Entrepreneurship for Transitioning Veterans our guest speaker discusses lines of credit as one of several capital sources for military entrepreneurs. Here Marco Terry, managing director of Commercial Capital LLC, shares part two of a two part article about lines of credit. Terry offers many tips business owners need to understand about this valuable sources of funding. Understanding the details will help you determine if a line of credit is right for you.

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Tags: Entrepreneurs, Loans, Veteran, vetrepreneur, Resources

Military Entrepreneurs-Understanding business lines of credit-Pt. 1

Posted by Michael Horn on Fri, Sep 08, 2017 @ 07:23 AM

In Session 6 of Entrepreneurship for Transitioning Veterans our guest speaker discusses lines of credit as one of several capital sources for military entrepreneurs. Here Marco Terry, managing director of Commercial Capital LLC, shares part one of a two part article about lines of credit. Terry offers many tips business owners need to understand about this valuable sources of funding. Understanding the details will help you determine if a line of credit is right for you.

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Tags: Entrepreneurs, Loans, Veteran, vetrepreneur, Resources

Military Entrepreneurs-How to improve cash flow by financing invoices

Posted by Michael Horn on Fri, Feb 17, 2017 @ 08:57 AM

Last week in class, Entrepreneurship for Transitioning Warriors, we discussed the challenges of maintaining cash flow in your business. Here is an article about factoring which is one of several solutions to improving cash flow. Here Marco Terry, the managing director of Commercial Capital LLC, offers a thumbnail on factoring. Factoring is not for everyone as you'll see below, but for many veteran owned and military entrepreneurs it is a viable solution to preserving cash. The key for veteran owned businesses is to find the right cash flow solutions for you.

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Tags: Vets, Loans, Veteran, Resources, vetrepreneur, Small Business, alternative funding

Military and Veteran Entrepreneurs - SBA lending rises in metro Atlanta

Posted by Michael Horn on Fri, Jan 20, 2017 @ 07:42 PM

In class, Entrepreneurship for Transitioning Warriors, we discuss money, funding, and sources in modules 5 and 6. Many military veterans consider banks and the SBA for their business funding. Here is a good sign of the times as written by Leslie Johnson, a contributing writer at the Atlanta Business Chronicle. You may not live in the Atlanta area, but you may be surprised to find a similar situation in your area. I encourage you to do a little research in your local area to determine the status of lending there. Visit the SBA website for the key lenders in your local area.

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Tags: Loans, Veteran, vetrepreneur, Resources, Entrepreneurs

Military and Veteran Entrepreneurs - 10 things to ask before... Selecting a commercial lender

Posted by Michael Horn on Fri, Jan 06, 2017 @ 12:17 PM

 As a veteran and entrepreneur, at some point you will likely need some outside funding for your business. There are many resources to condider just like we discuss in class, Entrepreneurship for Transitioning Warriors. Trying to determine which source of funding is the best for you is the challenge. Here are ten helpful things that I found on the Atlanta Business Chronicle. It can be mind boggling because there are so many different lenders that offer so many different products. Choosing the best fit is key to success.  As part of your search I recommend that you take a look at the SBA wedsite and especially the SBA Linc Tool. You may be surprised at local funding sources available to you. 

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Tags: Vets, Loans, investors, Resources, vetrepreneur, Entrepreneurs, alternative funding

Military Entrepreneurs - 5 ways to finance your business

Posted by Michael Horn on Fri, Dec 30, 2016 @ 12:03 PM

Here is a short article by Marco Terry with five great ideas. In class, Entrepreneurship for Transitioning Warriors, we discuss the challenges associated with finding the money necessary to start and run your veteran owned business. It is not easy. That money can be a recurring issue. Cash flow planning is critical to success and vetrepreneurs need to look everywhere. Marco Terry has some experience in this field. He is the managing director of Commercial Capital LLC, a company that provides invoice factoring, purchase order financing, and asset-based lending to small and midsized companies.

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Tags: Vets, Loans, Veteran, Resources, vetrepreneur, Entrepreneurs, alternative funding

Military Veteran Entrepreneurs - Small business loan comparison tool launched by nonprofit

Posted by Michael Horn on Fri, Jul 08, 2016 @ 09:30 AM

Kent Hoover, Business Chronicle Washington Bureau Chief, passed on some excellent information here. Veterans and transitioning military considering entrepreneurship need as many sources of funding as possible. Here is an excellent tool for finding funding. This is a valuable sourcing tool to use in Module 6 of the Entrepreneurship for Trainsitioning Military Program. Remember that funding for your business opportunity is available to veterans and transitioning military. The challenge is finding the sources that are right for you.

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Tags: Vets, Loans, startups, Resources, vetrepreneur, Entrepreneurship, VetToCEO.org