By Debbie Gregory.

In addition to Federal small business grants, each state offers some good grant as well.   Please be mindful that state grants are a somewhat more specific and tend to provide less funding. The state grants generally require your company to match the dollar amount of the grant too. One of the major upsides to state grants is that less people apply for them, so there is a lot less competition to be awarded the grant.

Below are a few easy to find grants in your state as well as resources for loans in the event that grants will not work for you:

1.) Google Your State – The easiest way to find state grants is to simply open your browser and type in “[your state] small business grants” and see what comes up.

2.) Economic Development Administration (EDA) – You can also check your local Economic Development Administration (EDA) to learn about the small business services they offer. Most Economic Development Administrations offer help with grants, technical assistance and other resources to help small businesses grow.

3.) Small Business Development Centers (SBDC) – Your local Small Business Development Centers (SBDC) usually offer free business consulting and a variety of low-cost services such including:

• 8(a) program support
• Business plan development
• Disaster recovery assistance
• Exporting and importing support
• Financial packaging and lending assistance
• Healthcare guidance
• Manufacturing assistance
• Market research help
• Procurement and contracting aid

4.) Government Business Loans – If you find that grants aren’t are not a viable option for your business or situation, you can always look at obtaining a loan for your financing needs. The Small Business Association (SBA) is well known for Veteran business loans. The two most popular are:

• The SBA’s Veteran’s Advantage Loan programoffers to loans up to $350,000 and is open to both Veterans and Non-Veterans. This loan also includes special perks and offers exclusively for Veteran Entrepreneurs.
• Military Reservist Economic Injury Disaster (MREIDL) loansare for small businesses and startups whose owner has been called up for active military service. The goal of this loan is to provide working capital to the business in order to help it stay afloat while the service member is gone.

5.) Private Business Loans – Sometimes private loans, or peer-to-peer loans, are easier to obtain than Government loans. Below are two popular options specifically tailored for Veterans:

• StreetShares– which is an online, peer-to-peer lending service that was started by veterans, for veterans. They offer small to medium sized loans with a range of interest rates and other options.
• Hivers and Strivers– is an investment group that specifically invests in the early stage startups that are founded and run by graduates of U.S. Military Academies.

6.) Other sources to consider for funding:

• Angel Investors
• Borrow from Friends and Family
• Crowdfunding
• Private Investors
• Venture Capital & Series Seed Funding

As you can see, there are several excellent options for Veteran Owned Small Businesses to find and obtain funding both in the form of grants you do not need to repay as well as loans that you do.

What if you need more assistance than simply funding? Our next article in this three part series will provide you some outstanding resources that you can utilize to nurture and grow your small business.  Stay tuned!

By Debbie Gregory.

Looking for a business grant? Are you a Veteran Owned Small Business? There are quite a few grants out there that are offered by a variety of institutions.   Grants are time sensitive and are open for a specific period and then they are no longer available.  It does not make sense to list grants in this article because by the time you read this article, they may no longer be available.  However, you certainly can find them!

This is a three part series on Business Grants for Veterans and Part 1 will detail a few good places to find grants and other financial assistance for your Veteran Owned Small Business. Please keep in mind that just because you don’t see a specific grant or site listed within this article, there are many other grants that you can locate by performing a comprehensive search with specific criteria that applies to you.  It may take some energy, research and time to locate the right grants and financing options but consider it a treasure hunt that will always be worth it to your Veteran Owned Business.

The best place to begin your search for grants is the Federal Government’s database for small business grants at.Grants.gov. You should check the site often as grant opportunities begin and end frequently. Once you have found a grant (or two) that will work for your needs, you need to determine your next steps.  Grants.gov provides a very clear and specific process for applying for grants.   Below are some specific areas that will assist you on their website:

1. Learn about grants: Their learning page includes a brief instructional video to help guide you.
2. Check eligibility: This page will help you determine whether or not your business is eligible to apply for a federal grant.
3. Search grants: You can search for grants by keyword, opportunity number, as well as other criteria.
4. Register: If you find a grant you would like to apply for you will need to register for an account.
5. Apply for a grant: The apply page includes helpful videos on how to use the system to properly apply for your chosen grant.
6. Track your application: This page gives you the ability to keep an eye on how your application is progressing.

If you are looking specifically for Research and Development (R&D) grants from the Federal Government, there are two other programs that you may wish to consider:

• Small Business Innovation Research Program (SBIR): This program is focused mainly on technical innovation that specifically has the potential for commercialization.
• Small Business Technology Transfer Program (STTR): This program is very similar to SBIR but to qualify you need to collaborate with a research institution.

Even though Grants.gov is an outstanding resource to locate grants, the Federal Government is not the only place to look for grants for your Veteran Owned Small Business. Our next article in this series will cover specific state offered business grants that you should explore as well.   Stay tuned!

By Debbie Gregory.

Now is the time to take advantage of a few tax breaks that expire as the decade comes to an end.   You will need to check with your financial advisor.   Below are three use-it-or-lose-it opportunities for tax breaks that might make sense for you and your company.

• Paid Family and Medical Leave Tax Credit:

Employers with 50 or more employees are required by law (the Family and Medical Leave Act) to provide up to 12-weeks of time off for certain family matters. There is no law that says those weeks must be paid time off. If your company offers that time off paid, and that policy is in writing, you may be eligible for a federal tax credit so check with your accountant and determine if you are eligible to file. The amount of the credit, which is figured on IRS Form 8994, is a minimum of 12.5% of the paid leave amount up to a maximum of 25%.

• Tax Credit for Electric Powered Vehicle:

This credit applies to plug-in electric vehicles and is calculated on IRS Form 8936. If the vehicle is purchased for business use, the tax credit is then part of the general business credit. This credit was designed to encourage people to purchase and use electric powered, clean-fuel, vehicles. The credit amount can be a maximum of $7,500. Certain vehicle manufacturer restrictions apply.

• Work Opportunity Tax Credit:

This credit is a federal tax incentive to hire a person who falls within a targeted group (as defined by the tax law). This incentive only applies to people who fall within one of the 10 eligible groups (listed below with a link to the IRS site about it) and who begins work before January 1, 2020. The credit can range from $2,400 to $9,600 per hire.   The Work Opportunity Tax Credit is usually renewed each year.

The targeted groups are as follows:

• Summer youth employees
• Recipient of SNAP benefits (food stamps)
• SSI recipient
• Member of a family receiving Temporary Assistance for Needy Families (TANF)
• Qualified Veteran (there are 5 subcategories)
• Qualified ex-felon
• Designed community resident
• Vocational rehabilitation referral
• Long-term family assistance recipient
• Long-term unemployed

In order to take advantage of this tax credit you will need to prove the employee falls within a targeted group and submit IRS Form 8850 to the state workforce agency within 28 days of the first day of that person’s employment with you. The basic credit for this is 40% of first year wages up to $6,000 (for a top credit of $2,400), as long as the employee works at least 400 hours. However, the credit for a veteran with a service-connected disability, who is employed for at least 6 months, is 40% of their wages up to $24,000 (for a top credit of $9,600). Not only is it the right thing to hire Veterans who make outstanding employees, but it makes financial sense.

If any of these three tax incentives are applicable for your business, jump on them now and discuss with your financial professional.

By Debbie Gregory.

We all realize just how important it is to have top-quality, clean, clear, images as well as entertaining video or gifs to accompany our business messages. Part one of this blog article provided you eight very cool sites to help you create and share images, gifs, videos, templates, and more on your business social media accounts. These next eight free or inexpensive tools are ones you should also bookmark and consider using to create your next social media campaigns.

iStock

iStock is a collection of royalty-free photos, illustrations and videos. They offer a lot of great, less mainstream, items that can be collected into boards for easy retrieval or organization. Royalty-free doesn’t mean that the images are free however, this service does cost money to use.

Over

Over is a popular free mobile app (for phones only) that allows you to add text, overlays, and blend colors on images.

PicMonkey

PicMonkey offers easy-to-use tools to create attractive social posts, cover photos, ads, and more. Boasting over 6,000 graphics and textures, hundreds of fonts, thousands of design templates, and even collages. They currently do not offer a free version.

Piktochart

Piktochart is another place where you can create infographics, presentations, and printables. You can begin this service for free of charge as well, which allows you to create a limited number of items, or choose one of their paid packages.

Placeit

Placeit helps you generate mockups or demos of your website or product being used in real life as well as logos, videos, and other designs. They currently do not offer a free version.

Skitch

Skitch is an Apple-only mobile phone app that allows you to add comments to any visual. Basically you take a snapshot of your screen and use arrows, text, stickers, and a handful of other tools to make your point.

Stencil

Stencil is another image creation/editing site that has both free and paid options. They currently boast of over 2,100,000+ photos, 1,000,000+ icons and graphics, 100,000+ quotes, 2,500+ fonts, and 730+ templates that users can access.

Venngage

Venngage offers a large library of social-media-ready templates and has a great user-friendly editor that is easy for just about anyone to use. The site is free for all basic functions and also has a paid version with access to select features.

Words are great but a high-quality image will get noticed and shared more than text alone. Bookmark, download, and utilize these great tools to help your social media posts make more of an impact.

By Debbie Gregory.

Millions of social media images are posted daily.   Unfortunately, very few of the images are interesting enough to make people to stop and notice them. Most of them go completely unnoticed often because the images are low-quality, unappealing, not worth sharing, too sales-pushy, or just plain boring.

As a business you need to stand out and grab people’s attention. If your posts aren’t captivating your customers, it is time to change what you are sharing. We have compiled a list of some of the most popular free or inexpensive online tools to help you build a library of quality images, gifs, videos, templates, and more to boost your business’ social game.

Adobe Stock

Adobe Stock is a huge marketplace for stock imagery. They currently have a collection of over 90 million high-quality assets that you can choose from including photos, illustrations, videos, and templates. They offer a free pack of items when you sign up, however, there are fees to use the Adobe collection.

BeFunky

BeFunky offers a lot of graphics tools, layouts, and templates for just about any need. You can get 125 effects for free or sign up and pay for access to their entire library of high-resolution image effects and templates.

Canva

Canva is pretty versatile and offers preset image sizes and ready-made layouts for Twitter, Facebook, and Pinterest which adhere to their specific size guidelines. You can also use it for larger projects as well. They offer both a free limited version and a subscription version that provides you many more features.

Creative Market

Creative Market offers fully finished and ready to post graphics, fonts, website themes, photos, mockups, and a lot more. Everything has been assembled from tens-of-thousands of independent creators that submit new designs on a regular basis. They do offer some of their creations for free, six new free items every week, but most of their downloads cost money.

Easel.ly

Easel.ly is a source for infographics and reports; including charts, maps, graphics, and dashboards. They offer a much different set of visuals than either Infogram or Piktochart (both discussed below). You can start for free or choose their paid option.

Giphy

Giphy is a giant, growing collection of free animated gifs that are great for adding some movement to enhance your social posts. Motion makes things more memorable and posts with video or gifs are more likely to be shared.

Hootsuite Composer

Hootsuite Composer is a social media image editor and library that helps you create and prepare images that are appropriate to post across different social networks. Composer is a feature within Hootsuite that provides you access to a large library of images to enhance your posts with all of the usual functions including resize, crop, rotate, transform, filters, and more. You can even add your own logo. It comes with whichever Hootsuite package you’ve signed up for.

Infogram

Infogram is a great source for infographics and reports; including charts, maps, graphics, and dashboards. You can start for free which allows you to create a limited number of items or choose one of their paid packages.

The second part of this article will provide you eight more free or inexpensive tools you should consider using to create better social images.