Unlocking Financial Success: A Guide to Win Federal Contracts for Veteran-Owned Small Businesses

As veterans transition from military service to civilian life, they often face unique challenges in establishing and growing their businesses. However, one avenue that holds immense promise for veteran entrepreneurs is securing federal contracts. In this blog post, we'll explore the reasons why federal contracts are a lucrative opportunity for veterans and delve into the top federal contracting opportunities available to them.

Why Federal Contracts?

The U.S. government stands as the largest customer globally, procuring an extensive array of products and services. Partnering with such a colossal client can provide unparalleled financial support for veteran-owned small businesses. The prospect of securing federal contracts opens doors to steady revenue streams and growth opportunities that can significantly impact the success of these enterprises.

Top Federal Contracting Opportunities for Veterans:

The Small Business Administration’s Service-Disabled Veteran-Owned Small Business Concern Program (SDVOSBC):

The SDVOSBC program, administered by the Small Business Administration (SBA), aims to fulfill the government's commitment to awarding at least 3% of prime contract and subcontract opportunities to veterans. This initiative creates set-aside contracts and sole-source awards to facilitate veteran participation in federal contracts.

To be eligible for this program, businesses must meet the following criteria:

• Qualify as a small business according to SBA standards.

• Be at least 51% owned and controlled by one or more service-disabled veterans.

• Have at least one service-disabled veteran managing daily operations and long-term decisions.

• Possess a certified service-connected disability.

The self-certifying nature of this program streamlines the contracting process, making it more accessible for veteran entrepreneurs. Some contracting officers may request documentation, such as military records (DD214) and evidence of a service-connected disability from the VA, to verify eligibility.

Department of Veterans Affairs (VA) Veterans First Contracting Program:

The VA's Veterans First Contracting Program prioritizes service-disabled veteran-owned small businesses, followed by veteran-owned small businesses, in its contracting hierarchy. These businesses receive preferential treatment over other small businesses, reflecting the government's commitment to supporting veterans.

To be eligible for VA federal contracting opportunities, businesses must:

• Pass the Department of Veterans Affairs verification process.

• Have one or more eligible veterans who own and control the business.

• Meet "good character requirements" and exhibit financial stability.

• Not be owned by someone with a felony conviction related to business integrity.

The VA provides resources and assistance to help veteran business owners successfully navigate the verification process, emphasizing its commitment to supporting the veteran community.

Surplus Personal Property for Veteran-Owned Small Business:

The SBA's Surplus Personal Property for Veteran-Owned Small Business program offers federally owned personal property to eligible veteran-owned small businesses. This initiative allows veteran entrepreneurs to access valuable resources that are no longer in use by the government.

To qualify for this program, businesses must meet specific criteria, including:

• Operating in the state where the property is available.

• Passing verification through the VA's Vets First Verification Program.

• Having at least one eligible veteran, service-disabled veteran, or surviving spouse owning and operating the business.

By adhering to these requirements and committing to using the acquired property for business purposes within a year, veteran-owned small businesses can benefit from surplus federal resources.

Federal contracts present a remarkable avenue for veterans to achieve financial success and business growth. Whether through the SDVOSBC program, the VA's Veterans First Contracting Program, or accessing surplus personal property, veteran entrepreneurs have diverse opportunities to tap into the immense potential of government contracts. By leveraging these programs, veterans can not only secure contracts but also contribute to the broader goal of enhancing economic opportunities for the veteran community.