Veterans are natural-born entrepreneurs
Veterans are 45 percent more likely to be self-employed than nonveterans, according to the U.S. Small Business Administration. And the agency estimates that about 2.4 million or 9 percent of all U.S. small businesses are veteran-owned, representing about $1 trillion in annual sales. In October, the SBA announced that it would extend fee relief on its popular 7(a) loan for amounts of $150,000 or less. The fee-relief program, originally slated to expire on Sept. 30, was extended one year.
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