Veteran Loan Fund grants over $15 million in first year

The Veteran Loan Fund announced that in its first year of operations, its members have deployed more than $15 million across the country, supporting 231 businesses to create or retain close to 1,200 jobs. Of the business owners receiving financial and technical assistance, 60% were people of color, 50% were low- or moderate-income earners, and 30% were women. Veteran Loan Fund loan recipients in Wisconsin are complemented by the services of the Veterans Business Outreach Center (VBOC) at WWBIC. VBOC is designed to provide entrepreneurial development services such as business training, counseling, and resource partner referrals to transitioning service members, veterans, National Guard and Reserve members, and military spouses interested in starting or growing a small business.