SBA Helps Vets Become Entrepreneurs

Dec 11, 2012

About 7% of all Small Business Loans awarded in Nebraska this year were given to veteran-owned businesses.

Leon Milobar, District Director for the SBA in Nebraska, says 284 new jobs were created as a direct result of those loans. 

He says the resources offered through the SBA are available for all veterans, including those just returning from overseas duty. 

Milobar says there are many special programs offered to veterans who either want to expand or start a small business.

"Nebraska Business Development Center has a Veterans’ Assistance Program.  They have an online program for those who are still deployed and they also have one on one service.  Both of these programs are free to veterans. We also have the Veterans’ Business Resource Center out of St. Louis.  They do the business planning and loan packaging.  They also do mentoring.  And a lot of this stuff is online.”

Milobar says the SBA also has a specialized program for loans up to $500,000.