PeopleVET Veteran Education & Lending

PeopleVet - Small Business Loans For VeteransGuiding Veterans from Service to Small Business.

You’ve honorably served. Let us serve you.

We currently offer special interest rates in honor of your military service. We also offer free educational bootcamps designed to guide you through the transition from military training to small business ownership. PeopleVET is  an educational program specifically designed to support veteran entrepreneurs, active duty military, national guard and reserves, and military spouses. We also offer capital you need to build your business today.

Register here for the PeopleVet business education program 

or Click Here For a Loan Inquiry.


Why PeopleVET

Texas is home to 1.67 million veterans and is 2nd only to California in veteran population. Military veterans are 8.6% of Texas’ population. PeopleFund created the PeopleFund Veteran Entrepreneurs of Texas (PeopleVET) program for the benefit of Texas veteran entrepreneurs and their spouses. PeopleFund is the only organization in Texas with relationships and access to every resource a military entrepreneur needs to jump-start a business.We have already lent over $6 million to veteran business owners. We are ready to help you reach your dreams with capital and education. The PeopleVET education curriculum offers a unique opportunity to network, learn, and grow your business.


Our Curriculum

Business Planning

A business plan tells the entrepreneur’s “story” in a simple, concise way. After reviewing the plan, the reader should understand exactly what business you are in, its legal entity, and what differentiates your business from its competitors. During this session, discover how to craft an executive summary that is a snapshot of your business plan as a whole and touches on your company profile and goals. This session will also cover how to develop a Business Owner Resume and conduct market research and industry analysis.

Financial Projections, Statements, & Planning

If you are seeking funding for your business, providing financial projections to back up your request is critical. Learn what information should be included.  This session includes creating a start-up project budget, use of fund statement and developing projections. A profit and loss statement is a projected income and expense plan. It summarizes your estimated revenue and expenses over a specified period of time. Learn how to think through questions you need to answer to arrive at accurate assumptions about your business. The balance sheet measures your business’s assets and liabilities. In this session we will discuss how to prepare a projected balance sheet for the first three years of business. Cash flow is the required cash it takes to keep your business operating on a day-to-day basis. This session will cover small business accounting, what tasks to outsource and also provide a Quickbooks overview.

Credit Review

A credit review will help you put your best financial foot forward. Understanding what affects your personal and business credit can resolve historic issues, identify issues or mistakes in your credit history, and showcase how to build credit.

Access to Capital

We’ll provide you with an overview of access to capital to ensure you understand the community resources available to help your business grow. This session will highlight loan products, questions to ask your lender, the 5 C’s of credit, and how loan processes work. We’ll then review the types of documentation lenders need to underwrite a loan and show you how to build or obtain those documents.

Next Steps

No two businesses are the same, and we’ll work with you to build a roadmap for success. We’ll review the needs for credit recovery, business plan assistance, business financial advising, access to capital, certifications, and other next steps you’ll need to build your business.

 

2018 Program Dates & Locations

Austin/Temple/Killeen

May 31st | 9am-4pm

McLennan SBDC in Temple | 19 North Main Street Temple, TX 76501

San Antonio

June 22nd | 9am-4pm

Maestro Entrepreneur Center| 1811 S Laredo St. San Antonio, TX 78207

El Paso

July 20th | 9am-4pm

El Paso Small Business Development Center | 9050 Viscount Blvd. El Paso, TX 79925

Houston 

July 27th | 9am-4pm

Worklife Institute | 1900 Saint James Place # 880, Houston, TX 77056

 

Dallas

November 2nd | 9am-4pm

PeopleFund Dallas | 2801 Swiss Avenue Dallas, TX 75204


Featured Veteran Clients

Hammons Family DentalFeatured Veteran Small Business Loan - Hammons Family Dental

Dr. Travis Hammons had just finished a 15-month tour of duty in Iraq when he came to PeopleFund for a loan. As a military dentist, he took care of our frontline soldiers and earned the Army Commendation Medal for exceptional service. As a civilian, he wanted to open his own practice, but lacked the cash on hand to fund it himself. After being turned down for a bank loan, PeopleFund was able to extend a $100,000 loan to Dr. Hammons for his now thriving practice. Together, PeopleFund and Dr. Hammons empower returning veterans to create stable careers for themselves and others.

Featured Veteran Small Business Loan - ScrubtopiaScrubtopia

Dynisha Woods is a registered nurse in Killeen, Texas, where she decided to open a scrubs and medical outfitting store. Her husband, Andrew, is currently stationed in Afghanistan. Dynisha has extensive knowledge of the Killeen medical outfitting market and chose a lease specifically for its proximity to approximately 31 doctor’s offices, rehab centers, health care clinics, schools and veterinarian’s offices. To purchase the building and customize it to fit the needs of a retail store, Dynisha and Andrew needed capital. After working with the lending team, the couple received a $63,000 loan from PeopleFund to start their business.

The Worm DoctorFeatured Veteran Small Business Loan - The Worm Doctor

Agricultural entrepreneur Monica Baietti, a military veteran, knew she wanted to spend the rest of her career educating people about the benefits of worm farming and worm by-products. After a year of crafting her business idea, she began to search for capital to purchase the worm incubators and equipment needed to realize her dream. She enrolled in PeopleFund’s PeopleVET program and improved her business plan and financial statements. With a PeopleFund loan Monica was empowered to pursue her goals to own and operate her own business, and break free from restriction to spend time solving problems that will help the environment and help people live a better life.