Small Business Loans for Disabled Veterans

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The Veterans Entrepreneurship and Small Business Development Act of 1999 (Public Law 106-50) established an annual government-wide goal of not less than 3% of the total value of all prime contract and subcontract awards for participation by small business concerns owned and controlled by service-disabled veterans.

On December 16, 2003, the Veterans Benefits Act of 2003 (Public Law 108-183) was passed by Congress. Section 308 of the Act (Public Law 108-183) established a procurement program for Service-Disabled Veteran-Owned Small Business Concerns (SDVOSBC). This procurement program provides that federal contracting officers may restrict competition to SDVOSBCs and award a sole source or set-aside contract where certain criteria are met.

The Small Business Administration has issued an interim final rule, establishing a Service-Disabled Veteran-Owned Small Business Concern Program. This program establishes the criteria to be used in federal contracting to determine service-disabled veteran status; business ownership and control requirements; guidelines for establishing sole source and set-aside procurement opportunities; and protest and appeal procedures for SDVOSBC procurements.

Purpose of the SDVOSBC Program

The purpose of the Service-Disabled Veteran-Owned Small Business Concern Procurement Program is to provide procuring agencies with the authority to set acquisitions aside for exclusive competition among service-disabled veteran-owned small business concerns, as well as the authority to make sole source awards to service-disabled veteran-owned small business concerns if certain conditions are met. (See Code of Federal Regulations (CFR) 13 C.F.R. § 125.8-125.10).

Eligibility

In order to be eligible for the SDVOSBC, you and your business must meet the following criteria:

The Service Disabled Veteran (SDV) must have a service-connected disability that has been determined by the Department of Veterans Affairs or Department of Defense

The SDVOSBC must be small under the North American Industry Classification System (NAICS) code assigned to the procurement

The SDV must unconditionally own 51% of the SDVOSBC

The SDVO must control the management and daily operations of the SDVOSBC

The SDV must hold the highest officer position in the SDVOSBC

SDVO Business Control

To be an eligible SDVOSBC the following must be met:

The management and daily business operations of the concern must be controlled by one or more service-disabled veterans.

Control by one or more service-disabled veterans means that both the long-term decision making and the day-to-day management and administration of the business operations must be conducted by one or more service-disabled veterans

The management and daily business operations of which are controlled by one or more service-disabled veterans or, in the case of a service-disabled veterans or, in the case of a service-disabled veteran with permanent and severe disability, the spouse of permanent caregiver of such veteran


The Facts about-- : loans for Vietnam-era and disabled veterans (SuDoc SBA 1.2:F 11/VIETNAM/992)
Book (U.S. Small Business Administration)
2007-06-29 14:51:38 by rewinn

If you mentioned the Kerry bill ...

...would the Bushies immediately attack it like the punks they are?
"...As chairman of the Small Business and Entrepreneurship Committee, Kerry is pushing legislation to give an increased hand to these part-time warriors and veterans who own small businesses or want to begin one.
It would: upgrade a 1999 economic disaster loan program for reservists; authorize a study on the needs of disabled vets interested in opening a business; and provide reservist small business owners with a grant of up to $25,000 and loans of up to $100,000 without collateral. It would also increase funding for the SBA's Office of Veterans Business Development

2010-03-10 07:02:18 by lucasboy1

Debts now to be collected from ssi checks...

A little–noticed law could soon result in smaller Social Security checks for hundreds of thousands of the elderly and disabled who owe the U.S. money from defaulted loans and other debts more than a decade old.
Social Security benefits are off–limits to creditors, such as credit–card companies and banks. But the U.S. can collect debts to federal agencies by "offsetting," or withholding Social Security and disability payments.
The Treasury currently withholds benefits of 3.1 million Social Security recipients to recover defaulted student–, farm– and small–business loans, unpaid income taxes, amounts veterans owe for health care, and other debts to the government

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