3 Things You Should Know About Small Business: Nov. 9
3. Biz2Credit also helping veterans secure small-business financing. Biz2Credit, another online resource for small-business finance, launched on Oct. 31 a package of services to help former service men and women start their own companies.
Veterans seeking to begin, and former military members who own small companies in operation for less than three years with less than $1 million in sales and fewer than 50 employees, will be able to take advantage of the Biz2Credit's small-business loan package that has an estimated value of $1,200. The offer will be available until Nov. 30.
The package includes: preparation of a business plan prepared by Biz2Credit's small-business experts ($499 value); one month of financial consultation by a Biz2Credit case manager ($499 value); access to Biz2Credit's proprietary BizAnalyzer, which provides small-business owners with a financial snapshot of their companies and recommends ways to increase credit scores and lower their interest rates ($99 value); a 50% discount on Equifax credit reports ($99 value); and 1 GB of document storage on Biz2Credit.com.
"According to the U.S. Census Bureau, veteran-owned firms represent 9% of all U.S. companies. Overall, there are about 2.5 million veteran-owned businesses that employ more than 5.8 million workers," said Rohit Arora, CEO of Biz2Credit and one of the nation's leading experts in small-business lending. "Service members transitioning back to civilian life are natural entrepreneurs and possess the training, experience, and leadership skills that enable them to start businesses and create jobs. We're doing our part to help them.
-- Written by Laurie Kulikowski in New York.
To contact Laurie Kulikowski, send an email to: Laurie.Kulikowski@thestreet.com.
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