Guiding 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.
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 $1 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.
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.
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.
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.
2017 Program Dates & Locations
March 18th | 8:30am – 3:30pm
Prairie View A & M University | PVAMU SBDC | Panther Plaza, 39725 Owens Road Suite 106 Prairie View TX 77446
April 8th | 8:30am – 3:30pm
PeopleFund Dallas | 2801 Swiss Ave. Dallas TX 75204
May 12th | 8:30am – 3:30pm
McLennan SBDC | Temple Business Training Center | 19 North Main street | Temple, TX 76501
June 17th | 8:30am – 3:30pm
Maestro Entrepreneur Center | 1811 S. Laredo Street Suite 108 San Antonio TX 78207
Rio Grande Valley
July 8th | 8:30am – 3:30pm
PeopleFund Mission | 801 N. Bryan Rd., Suite 167 Mission TX 78572
July 22nd | 8:30am – 3:30pm
Worklife Institute | 1900 St. James Place, Suite 880 Houston, TX 77056
August 5th | 8:30am – 3:30pm
El Paso SBDC | Bldg. B 9050 Viscount Blvd, El Paso TX 79925
Featured Veteran Clients
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.
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.
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.