Michigan Veteran Business Assistance Programs

Michigan veteran entrepreneurs access SBA Veterans Advantage loans, state veteran business certification, and entrepreneurship training programs.

SBA Veterans Advantage Guaranteed Loan Program

Michigan has a large veteran-owned business community utilizing SBA programs.

What it provides: Reduced-fee SBA loans for veteran-owned businesses

Assistance: Reduced or waived guarantee fees saving thousands on borrowing costs.

Eligibility: Fee waivers on SBA 7(a) loans up to $5 million for SDVOSBs.

Who may qualify:

  • Veteran-owned small businesses in Michigan
  • Businesses 51%+ owned by veterans
  • Service-disabled veteran-owned businesses

Requirements:

  • DD-214
  • Business financial statements
  • SBA lender application

How to apply: Apply through SBA Preferred Lender; disclose veteran ownership.

Official source: SBA Veterans Advantage

Michigan Veteran-Owned Business Certification

Michigan state agencies consider veteran-owned status in procurement.

What it provides: State certification for veteran-owned businesses seeking government contracts

Assistance: Bid preferences and access to veteran set-aside contracts.

Eligibility: Honorable discharge required; certification enables procurement preferences.

Who may qualify:

  • Businesses 51% owned by honorably discharged veterans in Michigan
  • Active and operational ${s} businesses
  • Businesses registered with the state

Requirements:

  • DD-214 and ownership documentation
  • State business registration
  • Application through state procurement office

How to apply: Apply for certification through Michigan state procurement vendor system.

Official source: MI Veteran Business

Boots to Business

Michigan military installations host regular Boots to Business sessions.

What it provides: Entrepreneurship training for transitioning service members

Assistance: Entrepreneurship fundamentals and business plan development.

Eligibility: Two-day course plus optional online follow-on.

Who may qualify:

  • Transitioning active duty in Michigan
  • Veterans and military spouses
  • Participants at military installations

Requirements:

  • Registration for course
  • Completion of curriculum
  • Access to SBA resources

How to apply: Register through SBA at participating military installations.

Official source: SBA Boots to Business

Related national guides

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