Resources and Grants for Veteran-Owned Businesses
As Veterans Day approaches, we’re reminded of the important role that veteran entrepreneurship plays in the lives of those transitioning from military service. According to the U.S. Census Bureau, veteran's own about 5.4% of the nation's employer businesses, or businesses with at least one paid employee. The contribution veterans make, not only in their service to the country but also in their pursuits as entrepreneurs, is remarkable. By providing employment opportunities and contributing to economic growth, veteran-owned businesses make a significant impact on local and national economies.
Challenges Faced by Veteran Entrepreneurs
With nearly 16 million veterans in the United States, many service members continue to face challenges when transitioning to civilian life and entrepreneurship. While veterans possess invaluable skills in leadership, problem-solving, and adaptability, they often encounter obstacles, including knowledge gaps and funding challenges.
Despite these challenges, veterans’ military experience makes them particularly well-suited for business ownership. Many find success through acquiring existing businesses with proven cash flow and established customer bases. Others pursue franchise opportunities, where their leadership skills and ability to follow established systems prove invaluable. Veterans’ understanding of government operations also gives them a unique advantage when competing for government contracts.
Top Resources, Funding, and Grant Opportunities for Veteran-Owned Businesses in 2025
For veterans navigating the business landscape, there are a variety of resources, funding options, and grant opportunities available. Here are several notable avenues of support:
1. The Second Service Foundation: Military Entrepreneur Challenge
The Military Entrepreneur Challenge is a comprehensive support program designed specifically for veterans, military spouses, and Gold Star Families. Beyond just providing business financing and grants, the program offers invaluable mentorship and ongoing support.
2. Founders First Stephen L. Tadlock Veteran Grant
This grant program awards $25,000 to 25 veteran-owned businesses across the country. To qualify, businesses must have between 2 and 100 employees and annual revenue under $5M. The program focuses on supporting scalable veteran-owned businesses with clear growth potential.
3. Farmer Veteran Fellowship Fund
For veterans in agriculture, this grant program provides early-stage funding ranging from $1,000 to $5,000. The program recognizes the natural fit between veterans' skills and agricultural enterprises, supporting sustainable farming and ranching initiatives that contribute to America's food security.
4. VetFran
VetFran has created a powerful pathway into business ownership through franchising. The program connects veterans with franchise opportunities that offer reduced fees and specialized training programs. Many veterans find that franchising provides an ideal blend of independence and proven business models.
5. Warrior Rising
Warriors Rising is a non-profit started in 2015. Their programs empower veterans and their immediate family members by providing opportunities to create business, hire veterans, and repurpose skills and experience into entrepreneurship.
6. Hiring Our Heroes
From the U.S. Chamber of Commerce Foundation, this small business grant programs awards five businesses owned by veterans and/or military spouses with a one-time $10,000 or $25,000 grant to support their business.
7. Small Business Administration (SBA) – Office of Veterans Business Development (OVBD)
The OVBD serves as a comprehensive resource center for veteran entrepreneurs, offering everything from basic business development programs to sophisticated capital access initiatives. Their programs are tailored to address the specific challenges and opportunities veterans face in business ownership.
8. The Veterans Business Outreach Center (VBOC)
VBOCs serve as crucial hubs for veteran entrepreneurs, offering comprehensive business training and individualized counseling. These centers understand the unique perspective veterans bring to business ownership and provide targeted assistance for their transition into entrepreneurship.
Supporting Veteran Entrepreneurship
Veteran-owned businesses continue to shape our economic landscape in meaningful ways. These businesses go beyond just creating jobs; they often become integral parts of their communities, fueling innovation and growth. Veteran entrepreneurs often serve as mentors, helping other veterans navigate the shift to entrepreneurship.
Whether through acquiring existing businesses or pursuing franchise opportunities, veterans have multiple pathways to entrepreneurial success. These grants and resources represent more than just financial assistance – they’re investments in the success of our veterans and the broader American economy.
Explore thousands of business for sale and franchises opportunities tailored to veterans. Many franchises offer unique support programs for those who've served.