New Law is Poised to Benefit Veterans Who Choose to Engage in Entrepreneurship

Photo of author

(Newswire.net — March 25, 2019) — Soldiers. They can never be appreciated enough by society. There are few things that are more honorable than willingly placing yourself in the crucible in which men and women are tempered into weapons of war.

But that is a definition that is too bland for the honor and pride that these men and women distinguish themselves with. For they are more than mere tools; they are catalysts for change when they need to be, and they are the defenders of all things we hold dear to us.

And they while they are held in high regard for the most part, the problem lies in what happens to them when nobody’s looking and when they are far from the eyes of the sympathetic public. It is in these moments that are hidden from public scrutiny that we tend to fail our veterans, especially in times when they truly need support.

It’s all too often that veterans get the short end of the stick in many scenarios, whether it’s in the form of medical aid or in something so simple and so important as pension. The sad truth is that some veterans are even left to fend for themselves, especially when they are injured, or worse, left disabled in the performance of their duty.

The good news is that it doesn’t have to be this way. Thanks to the efforts of the many veteran-focused advocacies and the number of good souls, there are now active efforts to alleviate the plight that these brave men and women undergo. A prime example can be found in this veterans disability lawyer who specializes in helping veterans get the full benefits that should be accorded to them for their service to the country.

Another prime example comes in the form of the Veterans Small Business Enhancement Act. With the passing of this new law, veterans are now included in the list of eligible recipients for any surplus federal property. This means that they may receive office equipment, furniture, heavy machinery, and even scientific devices.

Not only that, but there are other laws that are geared toward the benefit of the veterans who fearlessly answer the call of duty when called upon. Senators Kerry and Snowe introduced the Military Reservist and Veteran Small Business Reauthorization and Opportunity Act, which seeks to increase the chances of veterans being able to expand their businesses.

This act helps to alleviate the veteran business plight by allowing the SBA administrators to offer business loans to veterans that are valued up to $50,000 without having to require any form of collateral from them.

Veterans are also going to be only required to pay 50% of the fees of their 7(a) loans. And the Office of Veterans Business Development will be required to share information to women veterans of any and all resources that are available to them.

While these benefits may not be enough to fully make up for the sacrifices that our soldiers make in defense of this country, it is, undeniably, a step in the right direction.