Small-Business Grants and Loans for Veterans, Plus Resources
Use these veteran business grants and funding resources to launch and grow your business.
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Despite having similar credit risk to other businesses, companies with majority veteran ownership are less likely to receive all the financing that they applied for — according to data from the Federal Reserve.
Fortunately, many organizations across the United States offer small-business grants for veterans, as well as other resources to help entrepreneurs bridge the funding gap.
How much do you need?
We’ll start with a brief questionnaire to better understand the unique needs of your business.
Once we uncover your personalized matches, our team will consult you on the process moving forward.
Small-business grants for veterans
Small-business grants offer free funding that doesn’t need to be repaid. Business grants for veterans can be a particularly good option if you’re just starting out and can’t qualify for traditional financing options.
Keep in mind, grant applications are often competitive and time-consuming, but the payoff can be worth it if you can secure the funds. Here are some options to consider:
The Second Service Foundation
The Second Service Foundation, formerly the StreetShares Foundation, runs the Military Entrepreneur Challenge, which gives veterans and their spouses the opportunity to pitch and win grants for their businesses. To apply for the pitch challenge, you must first register online and attend a speed coaching session. You'll then complete an application that includes a one-pager on your business.
If you are accepted to the competition, you will need to prepare a two-minute pitch on your business to deliver in person at a Second Service Foundation conference. Three finalists give live pitches, and an audience vote determines the winner. The grant prizes differ based on the event and location.
Warrior Rising
Warrior Rising is a nonprofit that helps veterans transition to “vetrepreneurs.” The organization runs a four-step business development program that includes training, coaching, mentoring and networking. Through the process, veterans may have the opportunity to present their business idea and compete for a startup business grant.
To qualify, you must be a veteran or immediate family member of one and complete an application. Warrior Rising will consider applications from startups and established businesses.
Hiring Our Heroes’ Small Business Grant Program
Five veterans or their spouses will have a chance to receive a grant to help grow or support their business through the Hiring Our Heroes grant program. Four winners will receive $10,000 and the grand prize winner will receive $25,000.
To be eligible, your business must be majority owned by a veteran or military spouse, have between three and 20 employees, demonstrate financial need and more. Applications are open until Dec. 15, 2025.
Farmer Veteran Fellowship Fund
This small-business grant offers financial assistance to veterans who are in the early stages of running farming or ranching businesses. In order to qualify for the program, which was established in 2011, you must be a member of the Farmer Veteran Coalition. The next application cycle will open in January 2026.
Feed the Soul Foundation's Restaurant Business Development Program
If you own a food-based business, you may be eligible for the Restaurant Business Development Program, run by Feed the Soul Foundation. If accepted, businesses will receive six months of consultation and training services, plus, continuous development assistance (valued at $15,000).
In addition to military veteran-owned businesses, this program prioritizes business owners who fall into one of the following categories: Black, Indigenous or Latinx; senior citizens; LGBTQ+; people with disabilities; people who were previously incarcerated. Your business must be U.S.-based and have been in operation for at least two years. Applications for the 2026 cohort have not yet been announced.
Texas Woman's University Veteran Woman Entrepreneur Grant
The Center for Women Entrepreneurs at Texas Woman’s University offers this small-business grant program to female veterans who are starting or own a business. The annual grant program awards $5,000 grants to up to five business owners throughout Texas.
Grants can be used for a variety of purposes, including equipment, machinery or technology purchases, marketing or advertising campaigns and property improvements. To qualify, you must provide documentation that your business is 51% or more veteran women-owned or -controlled. Applications for the 2026 cycle have not yet been announced.
Michigan Veteran Entrepreneur-Lab
For veteran small-business owners in Michigan, Grand Valley State University operates the Michigan Veteran Entrepreneur-Lab. This eight-week program offers startup training and networking opportunities for veteran entrepreneurs and their spouses.
During the program, participants prepare for their business launch — learning how to develop a product, go to market, craft a business pitch and more. MVE-Lab concludes with a pitch competition in which winning entrepreneurs are awarded small-business grants. The last cohort for 2025 will pitch their businesses in Battle Creek on Dec. 15.
Veteran Shark Tank
An annual pitch competition for veteran entrepreneurs, Veteran Shark Tank gives five finalists the opportunity to pitch their business idea in front of a live audience to a panel of judges for a chance to win $50,000.
Grant from the Supplier Innovative Finance Program
Open to New York-based business-to-business or business-to-government entities with between $250,000 and $10 million in annual revenue, this program awards socially and economically disadvantaged small-business owners the opportunity to receive a $5,000 grant.
The program also includes learning resources and access to a network of funders, such as venture capitalists and alternative lenders. To be eligible, your business must be certified (or in the process of receiving certification) as one of the following: veteran-, women-, LGBTQ- or minority-owned.
» MORE: Check out business grants for minority entrepreneurs
Veteran Business Battle
Hosted by the Rice Business Veterans Association, this veterans-only business pitch competition aims to connect military veteran entrepreneurs with investors and lenders to help fund their business. Finalists will compete for a total of $30,000 in grant funding. First place will receive $15,000, second will receive $10,000 and third will get $5,000. Finalists also have the opportunity to attend workshops and networking events. Applications are now open through Jan. 31, 2026 for the event in April.
Stephen L. Tadlock Veteran Grant
Twenty veterans can win $1,000 micro-grants through the Stephen L. Tadlock Veteran Grant program. The program is open to U.S. veterans who own businesses that employ between two and 100 people, have been in operation for a minimum of one year and whose annual revenue does not exceed $5 million. Applications for the 2025 cycle closed on Oct. 7, 2025.
National Association for Self-Employed (NASE) Growth Grants
Now in its 19th year, the NASE Growth Grants program accepts applications for the chance to win $4,000 grants on a quarterly basis. Your business must be a member of NASE to apply, but veterans receive a 15% discount on the annual fee and can apply for the grant program immediately upon joining the organization.
Breva Thrive Grant
The Breva Thrive Grant offers $5,000 on a quarterly basis to small businesses who can demonstrate their impact on the community. To qualify, you must be currently generating revenue and ideally, in business for at least one year. Breva also prefers applicants who are located in low-income- or traditionally underserved areas. Applications for this quarter close on Oct. 31, 2025.
Start.Pivot.Grow. Micro Grant
Start.Pivot.Grow, a small-business accelerator program, offers a microgrant of $2,500 on a quarterly basis. Winners receive a digital business growth planner and a prep my loan planner, in addition to their funds.
To qualify, you must have at least two years in business, annual revenue of $50,000 or more and one to two employees (including the owner). Applications are accepted on a rolling basis through the form on the company’s website.
Freed Fellowship Grant
The Freed Fellowship offers a microgrant of $500 on a monthly basis. Winners also receive a personalized strategy session, a one year membership in the Freed Studio and they’re eligible for the $2,500 year-end grant.
All small-business owners in the U.S. are eligible, but the Freed Fellowship encourages women, minorities and other underrepresented communities to apply. Applications are accepted on a rolling basis ($19 application fee required), but must be received by the end of the month to qualify for that month’s grant.
Verizon Small Business Digital Ready
Small businesses can apply to receive a $10,000 grant from Verizon through this grant program. In order to be eligible, business owners must sign up for the Small Business Digital Ready program (it's free to join) and meet the eligibility requirements detailed at the start of each new grant launch. Applications are open now through Dec. 10, 2025.
U.S. Chamber of Commerce America's Top Small Business Awards
The U.S. Chamber of Commerce America's Top Small Business Awards honor a variety of small businesses and their contributions to the American economy. To qualify, you must have a for-profit business that has been operational for at least one year. You must also have fewer than 250 employees or gross revenues of less than $20 million for each of the past two years.
The grand prize winner is awarded a $25,000 grant. Applications for the next cycle will open in spring 2026.
Venmo Small Business Grant
Open to all Venmo business users, not just veterans, the Venmo Small Business Grant program awards $20,000 grants to up to 10 entrepreneurs. To be eligible, your businesses must employ no more than 10 people and have less than $50,000 in annual revenue.
EBay Up & Running Grants
Each year, 50 small businesses are awarded $10,000 through the eBay Up & Running Grants program. To be eligible, you must be an eBay seller. Applications for the 2025 cycle closed in June.
Small Business Innovation Research and Small Business Technology Transfer programs
The SBIR and SBTT programs offer small-business grants to veteran-owned businesses (as well as other companies) that are looking to contribute to federal research and development. The U.S. Small Business Administration coordinates these programs, and 11 federal agencies list grant opportunities on the SBIR website. Funding amounts vary based on the individual grant.
To qualify, you must have a for-profit business focused on technological innovation and research with the intent of commercialization. Your business must also be U.S.-based and have no more than 500 employees.
Grants.gov
Grants.gov is a database that features more than 1,000 federal grant programs. These small-business grants are offered by a variety of government agencies, such as the Department of Labor, the Department of Veterans Affairs and the Department of Commerce.
To apply for one of these grants, you’ll want to make sure your business meets all eligibility criteria and register for a Grants.gov account. Although these business grants are not exclusive to veteran entrepreneurs, this database is a good place to start if you’re looking for free funding.
GrantWatch
GrantWatch is an online grant listing platform that features hundreds of small-business grants from all over the U.S. You can browse the directory to find a grant that meets your needs and eligibility criteria, including searching specifically for grants for veterans.
Although GrantWatch offers a free membership, the premium membership gives you access to additional features, such as keyword search and the ability to view full grant information. Paid memberships start at $22 for a weekly subscription.
Business loans for veterans
If you don’t qualify for certain grants or want to look for other ways to fund your veteran-owned business, you might consider a traditional small-business loan. Although there aren’t many business loans designed specifically for veteran-owned businesses, there are still different loan options you can explore:
Business bank loans. Loans from banks and credit unions typically have the lowest interest rates and most competitive terms, but they can be difficult to access. Many banks require that you have several years in business, a credit score in the 700s and strong revenue to qualify for financing. If you think your business may be eligible for a bank loan, look for local and national institutions that offer military discounts or other benefits to veteran-owned businesses, such as Navy Federal Credit Union, Huntington Bank or Bank of America.
SBA loans. For established veteran-owned businesses in need of capital, SBA loans can offer large loan amounts, long repayment terms and competitive interest rates. You’ll also need good credit and strong revenue to qualify. Plus, for SBA Express loans, the SBA waives the upfront, one-time guarantee fee for veteran businesses.
CDFI loans. Community development financial institutions (CDFIs) are mission-driven organizations that provide business funding to underserved communities, such as U.S. veterans. Approval requirements at CDFIs can be more flexible than banks or online loans. Some CDFIs that support veteran entrepreneurs can be found through the online platform Veteran Loan Fund. In addition to being matched to a lender, you may also be able to access below-market-rate loan funding and free business coaching.
Microloans. Nonprofit organizations often focus on funding traditionally underserved businesses in their area, offering smaller loan amounts of up to $50,000. For example, PeopleFund, a microlender and community development financial institution in Texas, offers fast working capital loans of up to $25,000, as well as other financing options. PeopleFund provides discounts on interest rates for veterans and says 14% of its borrowers are vets. If you’re a new business or have bad credit, you may still be able to qualify for a microloan.
Peer-to-peer business loans. Peer-to-peer platforms can help you raise capital directly from investors, and usually, their qualification requirements are less stringent than those of banks. If your business has a compelling story or dedicated customer base, a P2P lending platform may be a particularly good fit.
Online business loans. Startup businesses or those with lower credit scores may find greater flexibility with online lenders. These lenders can offer a variety of products, including term loans, business lines of credit, invoice factoring and equipment financing. Online lenders tend to have more lenient qualification requirements, but their interest rates will likely be higher than that of a bank or SBA loan.
Additional resources for veteran entrepreneurs
Financing guidance and business training can be invaluable for veterans who are starting or expanding their businesses. Connecting with organizations that specialize in supporting veteran entrepreneurs or with mentors who’ve successfully transitioned out of the military can be especially helpful.
Here are several resources for veteran-owned businesses:
Veteran Business Outreach Centers
The SBA backs 31 Veteran Business Outreach Centers across the country, which provide workshops, training, counseling and mentorship to veteran business owners. These organizations offer services such as business plan preparation, comprehensive feasibility analysis and pre-business plan workshops for entrepreneurs looking to launch a business.
These centers can also help you understand your financing options and connect you with additional SBA resources, such as community partners, lenders and programs.
Service-Disabled Veteran-Owned Small Business Program
This SBA program helps qualifying veteran entrepreneurs obtain government contracts. The federal government aims to award at least 5% of federal contracting funds to service-disabled veteran-owned small businesses through this program every year.
Among other criteria, participants must own at least 51% of a business and have a service-connected disability, as determined by the VA.
Boots to Business
Boots to Business (B2B) is a free, two-step education and training program offered by the SBA to service members who want to become entrepreneurs. The program includes a two-day introduction to entrepreneurship course, which provides tips and techniques for starting a business. All active-duty military members transitioning out of the military and their partners or spouses are eligible.
Veterans of all eras and their spouses can participate in a similar program that covers the same course material — the Boots to Business Reboot (B2BR). After completing the B2B or B2BR program, participants can continue their business training with the B2B Revenue Readiness course, which is available online for free through Mississippi State University.
Institute for Veterans and Military Families
The Institute for Veterans and Military Families (IVMF) at Syracuse University provides education and resources for business-minded veterans. The institute holds a variety of training events, including Boots to Business, STRIVE, the Entrepreneurship Bootcamp for Veterans, the Veteran Women Igniting the Spirit of Entrepreneurship program and a 10-week long veteran program dedicated to launching a business.
IVMF also offers a resource library and access to an alumni network to help new and existing business owners find the support they need.
Veteran Women Igniting the Spirit of Entrepreneurship
Veteran Women Igniting the Spirit of Entrepreneurship (V-Wise) is a two-phase program that offers tools to help female veterans become successful entrepreneurs. Coordinated by IVMF, the program includes a four-week online training course and a three-day, in-person event as well as ongoing mentorship, resources and support for launching or growing a business.
V-Wise costs $75 and is open to all honorably discharged female veterans, active-duty female service members and the female partners or spouses of the above (including widowed spouses or partners).
VetFran
VetFran, short for “veterans and franchising,” is a program offered by the International Franchise Association Foundation. It hosts an online portal that connects veteran entrepreneurs with hundreds of vetted franchise companies across industries offering special discounts for veterans who wish to buy into a franchise. VetFran also offers learning resources to veterans interested in becoming a franchisee.
Hivers and Strivers
Hivers and Strivers is an angel investment group that invests exclusively in businesses owned and operated by veteran entrepreneurs. You can receive from $100,000 to $1 million in funding from this group, but you’ll have to be willing to give up some equity in your company. This type of funding is well-suited for early-stage startups that anticipate significant growth.
Veteran Institute for Procurement
The Veteran Institute for Procurement (VIP) provides training for veteran-owned and service-disabled veteran-owned businesses throughout the U.S. to help them secure contracts from the federal government. VIP offers six in-person training programs, working with startups and established businesses.
Through VIP, veteran entrepreneurs can access educational events, networking opportunities and community support. Training programs are available to eligible businesses at no cost.
Office of Small & Disadvantaged Business Utilization
Part of the VA, the Office of Small & Disadvantaged Business Utilization (OSDBU) houses a variety of resources for veteran entrepreneurs. Through OSDBU, you can find upcoming webinars and training sessions and reach out to small-business liaisons to get more information about working with the VA.
The OSDBU website also houses the Veteran Entrepreneur Portal, which collects resources to help veteran business owners find funding and franchising opportunities, acquire government contracts and access networking connections.
Veteran Readiness and Employment
If you are a veteran with a service-connected disability who is interested in starting a business, assistance is offered through the Veteran Readiness and Employment program, formerly the Vocational Rehabilitation and Employment program. Veterans can get help with developing a business plan, training in marketing, finance and operations and other services.
State and local governments
Many state governments allot funds specifically to support veteran small-business owners. Some states offer certifications for veteran-owned or service-disabled veteran-owned businesses to help those entrepreneurs compete for government contracts.
Florida's Office of Supplier Diversity, for instance, certifies veteran-owned businesses and gives them access to a portal that lists government contracting opportunities. Certification and recertification are free.
Through your state, you may be able to take advantage of veteran-focused training programs, webinars and networking opportunities. The Economic Development Administration in your city or state may also be able to connect you with local funding options, including business grants.
Frequently asked questions
NerdWallet writer Rosalie Murphy contributed to this article.
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