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Here's why veteran entrepreneurs have a harder time getting financing than nonvets

from Military Times Rebootcamp

Everyone needs seed money to start a business. But veteran entrepreneurs usually have a harder time getting financing than their nonveteran counterparts, a new study finds. Veterans had to submit more applications to get approved for loans and other types of financing, and when they eventually were approved, it was often for less money than they were seeking, according to data from the latest annual Federal Reserve Banks’ Small Business Credit Survey. Why are vet entrepreneurs falling behind? The authors of a new report, "Veteran Entrepreneurs and Capital Access," which was released by the Small Business Administration and the Federal Reserve Bank of New York this month, have a few theories. more

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