Among the biggest hurdles veteran entrepreneurs must face is access to capital, an issue exacerbated during the COVID-19 pandemic. Finding ways to address that challenge was a point of discussion by several speakers at the meeting of The American Legion’s Veterans Education & Employment Commission on March 5 as part of the virtual Washington Conference.
Keynote speaker Larry Stubblefield, associate administrator at the U.S. Small Business Administration (SBA), said that it became clear to SBA during the pandemic that access to capital became even more of an issue. “We saw not just veteran-owned small businesses, but small businesses in general not being able to access some of the relief programs because of not having a relationship with banks or not being what we call lender-ready,” he said. (Continue reading here…)
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