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StreetShares Blog - The Resource Center for Veteran Small Businesses

StreetShares Blog

The Resource Center for Veteran Small Businesses

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Shauna Vo Pulayya, Director of Content Marketing

Recent Posts

Why You Should Consider a Financial Capability Letter Before Bidding

Bidding season for government contractors is in full swing. As a small business owner, you’ve already got an advantage when bidding for government contracts. Furthermore, if you’re a registered Veteran Owned Business (VOSB), Service Disabled Veteran-Owned Small Business (SDVOSB), 8(a), HUBZone, or Women-Owned small business, you’ve got an even better chance at winning a contract. Other than the size of your business or how you’re registered, though, what else does the government look at when choosing the right small business to work with?

As part of our government contracting blog series, you’ve seen that following all of the guidelines and responding to every requirement the contract sets forth is important when writing your proposal. We’ve also shared another great tip – to think about your government contract financing plan ahead of time. Now we’re training our sights on making sure you have financing in place prior to winning a bid.

Why do we think this is essential? Because the best time to think about financing is before you bid or have been awarded the contract. Knowing you have financing in place can provide extra assurance that you will be able to fulfill your part of a contract as a subcontractor to a prime contractor. Besides, in many cases, the government is going to require this from you; i.e. they’re going to want you to prove you have the financial capability to actually perform the contract you want to win. The first step in proving this capability is with a Financial Capability Letter. Click here to watch the recorded webinar on contract financing below.

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Highlighting Our Heroes: Earn 5% Interest by Investing in Veterans

Tomorrow we celebrate the Fourth of July, which commemorates the adoption of the Declaration of Independence in 1776. As we prepare for family reunions, barbecues and cook outs around the country, let’s also remember the reason for this special holiday. The Thirteen Colonies were legally separated from Great Britain after the American Revolution and the United States of America was founded.

This was the beginning of recognizing our veterans for their service and sacrifice for our country. Let’s recognize the men and women who have served our country since the American Revolution. We honor veterans every day as they’re also the ones who are growing the U.S. economy through small business. At StreetShares, we're the go-to financing partner for veteran small business owners looking to grow their businesses with business loans, lines of credit or government contract financing. This week’s Highlighting Our Heroes include veterans from industries such as energy, education, consumer goods and online communities connecting veterans through marketplaces, business and real estate.

Learn more about each hero below and on iHeart Radio’s BIG 100 local Washington, DC radio station or stream online at 5:00pm eastern every week day. Inspired by these stories and want to help veteran businesses? Start investing in them by opening a Veteran Business Bonds account and earn 5% interest. Learn more here.

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Highlighting Our Heroes: Invest in Veteran Small Business

The United States of America will turn 241 years old next week on the Fourth of July. Since its birth, millions have served in the military. As of 2014, there are 21.8 million veterans in the armed forces, according to the U.S. Census Bureau. Even more, veterans account for 9 percent of small business in the U.S., according to the SBA.

We honor our heroes every day by working with veteran business owners and helping fund their businesses through term loans, lines of credit, contract financing and veteran business grants. This week, we’re highlighting extraordinary veteran business owners who have founded companies that give back to the community, whether it’s through charities, consumer products, lifestyle coaching, mental health, venture capital or medicine.

Learn more about each hero below, at highlightingourheroes.com and on iHeart Radio’s BIG 100 local Washington, DC radio station or stream online at 5:00pm eastern every week day. Inspired by these stories and want to help veteran businesses? You can start by investing in them by opening a Veteran Business Bonds* account and earn 5% interest. 

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Highlighting Our Heroes: Support Veteran Small Business by Investing

With the Fourth of July approaching, we’re celebrating and honoring military veterans who continue to make an impact in our country with the businesses they’re running. Our heroes this week feature veteran business owners in business consulting, mental health, drone services, government contracting and subscription services.

Learn more about each hero below and on iHeart Radio’s BIG 100 local Washington, DC radio station or stream online at 5:00pm eastern every week day. Subscribe to the StreetShares blog to see who is featured next week.   

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Highlighting Our Heroes: Veteran Businesses & Government Contracting

This week’s military and veteran heroes come from backgrounds in intelligence, entrepreneurship, small business and government contracting. Learn about their stories in deployment overseas and what they’re doing now back in the United States to continue to serve their country. Our heroes this week include StreetShares members such as StreetShares Foundation finalists and supporters of the veteran small business community.

Join us in ‘Highlighting Our Heroes’ with iHeart Radio and the StreetShares community, by learning about them and sharing their stories. Tune in to BIG 100 in the Washington, DC metro region each weekday at 5:00pm eastern or stream online at iheartmedia.com to hear stories of our veterans, service members and military families. Subscribe to the StreetShares blog to be the first to know who we’re featuring.

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May Veteran Business Grants Awarded to Military Spouse Business Owners

Last month, we recognized 10 Military Spouse business owners as finalists in StreetShares Foundation’s Veteran Small Business Awards. Now is the time to announce the winners! We’re proud to give Military Spouse business owners the recognition they deserve. As the foundation of military families around the world, they’re not only caring for families at home, but are also talented and driven individuals who have founded businesses that support their military lifestyles.

First Place: Brooke Barnes, Air Force Military Spouse, Co-founder of Edge Co-Working (Clovis, New Mexico)

Second Place: Kathryn Thomas, Navy Veteran and Military Spouse, CEO of Yoga 4 Change (Jacksonville, Florida)

Third Place: Abbey Sass, Army Military Spouse, Co-founder of Civil Sass (Chatfield, Minnesota)

We're proud to represent these amazing military spouse business owners through the Veteran Small Business Award and look forward to growing with their businesses as they need business loans, lines of credit and government contract financing.

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Highlighting Our Heroes: Featuring 10 StreetShares Members

Honoring our veterans and military heroes is something we do every day at StreetShares. We’re starting the summer strong by continuing our ‘Highlighting Our Heroes’ campaign with iHeart Media.

You’ve heard stories from veteran small business owners who have taken advantage of our veteran business loans, lines of credit and government contract financing solutions to veteran business supporters who invest in these small businesses through their Veteran Business Bonds investment accounts.

This week, we’ve got several stories from finalists and winners who have participated in the StreetShares Foundation Veteran Small Business Award contest. Their unique backgrounds and military experience has helped them each to become successful veteran entrepreneurs. If you missed last week’s heroes, we’ve got them highlighted here, too.

Tune in to BIG 100 in the Washington, DC metro region each weekday at 5:00pm eastern or stream online at iheartmedia.com to hear stories of our veterans, service members and military families. Subscribe to the StreetShares blog to be the first to know who we’re featuring.

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Government Contract Financing: How Does Mobilization Funding Work?

Many think only very large companies can do business with the government, which is untrue. Congress sees how important small businesses are to the U.S. economy and has set aside goal measures for each department to purchase goods and services from small businesses and veteran-owned small businesses.  

However, being a government contractor as a small business owner takes an enormous amount of work and lots of steps to be successful. We put together an ebook, The Government Contractor’s Handbook,” in partnership with FedBid, GovTribe and WinBiz Proposals to help you every step of the way. It covers topics such as teaming up, working with a contracting officer, contract financing, proposal basics, bidding for a contract and managing your sales process. 

The Government Contractor's Handbook

Today, we’re going to go over one of the most important steps in government contracting – government contract financing and how you can mobilize funding alongside your accounts receivables financing. Without small business contract financing, you’ll find it hard to fulfill those government contracts. Some business owners look toward avenues that aren’t sustainable for their business. Traditional bank loans ask for collateral that add a huge personal risk. Credit cards have high rates and the limits are far below what you need to finance a government contract. Giving up equity and ownership can affect your preferred veteran status. 

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Highlighting Our Heroes: Featuring Veteran Business Influencers

During Armed Forces Day, we honor everyone serving in all branches of the United States military. President Harry S. Truman led the effort to establish this holiday and in 1961, John F. Kennedy declared Armed Forces Day a national holiday that is celebrated on the third Saturday of May.

“Our Servicemen and women are serving throughout the world as guardians of peace–many of them away from their homes, their friends and their families. They are visible evidence of our determination to meet any threat to the peace with measured strength and high resolve. They are also evidence of a harsh but inescapable truth–that the survival of freedom requires great cost and commitment, and great personal sacrifice.”

– President John F. Kennedy, 1963

With Memorial Day approaching, we continue to ‘Highlight Our Heroes’ and StreetShares members, veteran business owners and investors with iHeart Media as we feature veterans from each military branch. Tune in to BIG 100 in the Washington, DC metro region each day this week a 5:00pm Eastern or stream online at iheartmedia.com to hear their stories. 

Subscribe to the StreetShares blog to be the first to know who is featured each week at highlightingourheroes.com.

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Highlighting Our Heroes: Featuring Veteran Business Owners, Investors

Last week we celebrated National Military Spouse Appreciation Day and recognized 10 influential military spouse business owners. We’re continuing to honor military members this week during National Military Appreciation Month through our joint campaign with iHeart Media, Highlighting Our Heroes.

Our heroes this week include members from all branches of service including military spouses who have also sacrificed for our country. StreetShares members include veteran small business owners who have taken a veteran business loan, line of credit or received government contract financing, or every day investors in the U.S. who are supporting these veteran small businesses with their investments.

Tune in to BIG 100 in the Washington, DC metro region each day this week a 5:00pm Eastern or stream online at iheartmedia.com to hear their stories. Subscribe to the StreetShares blog to be the first to know who is featured each week at highlightingourheroes.com.

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