The commitment and courage of disabled veterans should be celebrated and rewarded. That is why businesses have created grants specifically designed to support disabled veterans. As an entrepreneur, you must look out for the right grant for your business needs.
This blog post will explore 10 of the best business grants for disabled veterans in 2023. Each grant will be outlined, including information about the grant purpose, eligibility requirements, the application process, and assistance the grant provides.
At the end of this post, you will have a comprehensive understanding of the ten best business grants for disabled veterans in 2023 and be well-prepared to apply for the grant that is right for you successfully.
What Is the Requirement for Grants For A Disabled Veteran?
The good news is that many kinds of grants are available to veterans injured while serving in the military. The bad news is that it can take time to determine which grant is right for you.
There are a few things that all veterans should do before applying for their disability benefits:
First and foremost, make sure you know what type of disability you have and how your service in the military caused it.
Find out if your disability is considered service-connected, so it happened because of your service in the military. If not, you may not be eligible for any benefits from the VA (Veterans Administration).
Check with your local VA office to see if any programs are available specifically for disabled veterans. The VA has several programs designed to help vets with disabilities get back on their feet after leaving active duty status.
How To Identify The Best Grant For Disabled Veterans
Disabled veterans can apply for government grants to help them with their financial needs. However, there are lots of misinformation about these grants, and it’s difficult to know where to start.
The first thing that you need to do is figure out which grant you are eligible for. There are over hundreds of types of grants available for disabled veterans, so it’s important that you know which one you qualify for before you apply for them.
Once you have found out what type of grant you want to apply for and have gathered all the information, it’s time to apply.
You should apply for as many grants as possible because some may not be approved, while others might take longer than expected because of their complexity.
It’s also important that you keep track of all the deadlines, so they don’t pass while waiting on a decision from another organization or agency.
What Are the Challenges For Disabled Veterans in Receiving Grants?
The first challenge for disabled veterans in receiving grants is that it is difficult to get approved.
The application process is long and complicated, and only some applicants will be accepted. Disabled veterans are just like everyone else in this regard—they want to prove their worth to the best of their abilities, but they also want to know they have been given a fair shot at being considered.
The second challenge for disabled veterans in receiving grants is dealing with the bureaucracy involved. If a veteran manages to get approved for a grant, there are still many steps left before they receive their money.
The process can take some months or even years. This makes it difficult for those who need funds immediately so that they can take care of themselves or others who depend on them financially.
Best Business Grants for Disabled Veterans in 2023
The following are the 10 best business grants for disabled veterans in 2023:
- The SBA’s Veterans Advantage
- The VA’s Vocational Rehabilitation and Employment
- The Veteran’s Business Outreach Center
- The VA’s Adaptive Housing Grants
- The VA’s Special Housing Adaptation
- The VA’s Specially Adaptive Housing (SAH) Grant
- The VA’s Home Improvements and Structural Alterations (HISA) Grant
- The VA’s Grants for Assistive Technology
- The VA’s Grant and Per Diem Program
- Warrior Rising Small Business Grants
#1. The SBA’s Veterans Advantage
This program provides disabled veterans with a 5% interest rate reduction on Small Business Administration (SBA) 7(a) loans.
The SBA’s Service-Disabled Veterans Business Development Program grants to small businesses owned by service-disabled veterans to help them start or grow their businesses.
The SBA will also consider applicants who served on active duty during certain periods and are disabled because of their service.
The applicant must have been medically discharged under other than dishonorable conditions; have an honorable discharge status.
#2. The VA’s Vocational Rehabilitation and Employment (VR&E)
The VA’s Vocational Rehabilitation and Employment (VR&E) Program provides disabled veterans with the resources and support they need to start or grow a small business.
The VR&E program helps veterans with disabilities learn about their options for starting their businesses, including how to find funding sources, prepare their business plans, and market themselves.
The VA will provide training, counseling, and other resources to help you succeed.
#3. The Veteran’s Business Outreach Center (VBOC)
The Veteran’s Business Outreach Center (VBOC) Program provides disabled veterans with training, counseling, and resources to start or grow a small business.
The VBOC Program provides training, counseling, and resources to disabled veterans who want to start or grow small businesses.
The program has helped thousands of veterans thrive as business owners by providing them with the tools they need to succeed.
#4. The VA’s Adaptive Housing Grants
These grants provide financial help to disabled veterans to help them change their homes to meet their needs.
This grant is specifically for disabled veterans who need help with their mortgage or other costs associated with purchasing or building a new home and those looking to repair or change their existing home.
It can also pay off debt or make repairs after natural disasters.
#5. The VA’s Special Housing Adaptation (SHA)
This grant provides financial help to disabled veterans to assist them in adapting their homes to meet their needs.
It is part of the VA’s Home Loan Guaranty program, which allows veterans to buy houses without a down payment and at an affordable monthly rate.
The amount of money available may depend on the type of disability and how much work needs to be done. In general, SHA grants can cover up to $30,000.
#6. The VA’s Specially Adaptive Housing (SAH) Grant
This grant provides financial assistance to disabled veterans to help them adapt to their homes to meet their needs.
The grant helps pay for things like wheelchair ramps, grab bars in the bathroom, and other things that make the house more accessible to someone with mobility issues.
The grants are available to disabled veterans who receive compensation for service-related disabilities and have limited resources.
#7. The VA’s Home Improvements and Structural Alterations (HISA) Grant
This grant provides financial assistance to disabled veterans to help them make necessary home improvements and structural alterations.
The VA’s Home Improvements and Structural Alterations (HISA) Grant can help disabled veterans with the cost of repairing or changing their homes to make them more accessible.
The grant is available for veterans who have a disability rating of at least 30%, and it can pay for structural repairs, accessibility modifications, and other improvements.
#8. The VA’s Grants for Assistive Technology
These grants provide financial assistance to disabled veterans to help them purchase assistive technology, such as adaptive devices and computer software.
This grant program provides funding for purchasing assistive technology devices and services that have been proven effective in helping disabled veterans live independently.
This is a good resource if you need help paying for new equipment or modifications to your home, vehicle, or workplace.
#9. The VA’s Grant and Per Diem Program
This program provides grants to disabled veterans to help them start or grow a small business and per diem payments to cover the costs of running a business.
The program provides eligible veterans with a monthly stipend to cover their rent, utilities, and other living expenses.
It doesn’t matter if you are retired from active duty or served during peacetime—you may be eligible for this grant.
#10. Warrior Rising Small Business Grants
Warrior Rising is a non-profit dedicated to helping veterans and their families find the resources they need to succeed.
They offer access to small business grants, which help disabled veterans start up their businesses, as well as mentorship programs that connect veterans with other successful business owners.
The grants are intended to help veterans with disabilities get back into the workforce and become self-sufficient.
Frequently Asked Questions
Yes. You can absolutely start a business while on VA disability. The VA has many programs to help veterans with disabilities start their own businesses and even take advantage of tax incentives.
VA disability payments stop when a veteran dies.
The answer is no. When you apply for a job or ask for accommodation, you do not have to reveal your disability.