Veterans Small Business Ownership Improvements Act of 2015

Bill 114 s 1866, also known as the Veterans Small Business Ownership Improvements Act of 2015, is a piece of legislation introduced in the US Congress with the aim of supporting and improving small business ownership among veterans. The bill seeks to provide veterans with greater access to resources and assistance in starting and growing their own businesses.

One key provision of the bill is the establishment of a program within the Small Business Administration (SBA) to provide training and counseling to veterans interested in starting or expanding their own businesses. This program would offer guidance on business planning, marketing, financial management, and other essential skills needed for successful entrepreneurship.

Additionally, the bill aims to increase access to capital for veteran-owned small businesses by expanding loan programs and reducing barriers to obtaining financing. This includes provisions for loan guarantees and assistance in securing loans from private lenders. Furthermore, the bill includes measures to improve procurement opportunities for veteran-owned small businesses by increasing the percentage of government contracts set aside for these businesses. This would help veterans compete more effectively in the federal marketplace and grow their businesses through government contracts. Overall, the Veterans Small Business Ownership Improvements Act of 2015 is designed to support and empower veterans in their entrepreneurial endeavors, providing them with the tools and resources needed to succeed in the competitive small business landscape.