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More Help For Veterans That Want To Purchase Franchises

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Finally, there is more help for veterans.

(This post may contain affiliate links. Please read my disclosure policy).

Bob Casey, D-Pa., and Marco Rubio, R-Fla. just announced the Help Veterans Own Franchises Act. The bill would create a tax credit for veterans or their spouses who purchase a franchise. The tax credit would amount to 25 percent of the total franchise fee up to $100,000.

Casey said that one in seven franchise businesses in the U.S. are owned by military veterans.

Of the 205,000 veterans who have served since 9/11, 9.5 percent are unemployed, according to the U.S. Bureau of Labor Statistics. That’s 2 percentage points higher than the 7.5 percent national unemployment rate.

 

More Help For Veterans That Want To Purchase Franchises

The U.S. Small Business Administration (SBA) has just announced the SBA Veteran Pledge Initiative, a commitment by its top national, regional and community lenders to collectively increase their lending activity to veterans by five percent per year for the next five years.

That should go a long way in helping our military veterans secure loans for franchise opportunities that they’re thinking of owning. Our veterans need more help, for sure.

It’s not like they have a lot of money to invest.



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Let’s do whatever we can to help our veterans go into business for themselves.

If you’re a veteran-and you’re thinking of purchasing a franchise, read this article on the VetFran website.

One more thing: If you’re a veteran, I’d like to help you become an educated franchise business buyer. That’s why I’ve been giving away my popular eBook on properly choosing and researching franchises to any US military veteran who wants it for the past two years.

It’s my way of thanking you for your service to our country.

Go here to grab it.

 

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joel libava

I'm The Franchise King®, Joel Libava. I help prospective franchise owners avoid bank account emptying mistakes.
For 23 years, I’ve been showing people how to make smart, informed decisions on franchises to buy, and I can help you, too!
P.S. I'm not a franchise consultant/broker.

Straightforward Advice
Joel, thank you for taking the time to speak with me yesterday. It was refreshing to finally speak with someone in franchising who dishes out straightforward, candid advice. You provided me with some insightful ideas that I'm giving a good deal of thought and consideration to. I look forward to speaking with you on our next consultation call."
- John Timmins, Columbia, South Carolina
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