Small business owned by socially or economically disabled veteran needs financial support to flourish. There are many financial sources available in which equity and debt are two most prominent sources of business finance. However, there is no better time than now to plan for an investment with SBA certification. This is because the federal fund for supporting small business ventures, especially those service disabled veteran owned small business ventures, is undergoing improvement by all means.
According to the SBA officials, socially disadvantaged individuals are those who have been subjected to ethnic or racial prejudice or cultural bias because of their identity as members of a minority and backward group. Social or economical disadvantage must stem from circumstances beyond their control. The distinguished groups of people are presumed to be socially disadvantaged if they are black Americans or Hispanic Americans or Native Americans like Eskimos, Aleuts and Native Hawaiians. The Caucasian women also come under socially disadvantaged individuals. You need to present particular evidences to show your disability like the proof of race, ethnic origin, gender, physical disability (handicap) long term residence at far from the mainstream American society or other causes not common to the normal individuals.
Service disabled veteran owned business processes can avail a huge business contract through federal government by presenting their eligibility for the certification program. However, SDVOB concerns for the small businesses from a little different point of view. Here the points of consideration include service connected disabilities. This means when a disability is incurred while the person was in active duty in the
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