Flexible Funding’s Business Support for Disabled Veteran Entrepreneurs
Steve Capper, CEO, Flexible Funding - July 21, 2017
Flexible Funding believes in the power of business innovation to help veterans and service disabled veterans achieve their full potential in life. Programs such as the Disabled Veteran Business Alliance (DVBA), in California, have helped thousands of service-disabled veterans achieve financial rehabilitation through entrepreneurship. They help connecting disabled veterans to contracting opportunities through public and private programs that give preference to hiring business owned by disabled
veterans. In order to get many of the contracts, disabled vet owned businesses must have certifications. Organizations such as DVBA provides resources on where and how to get certified.
The DVBE (Disabled Veteran Business Enterprise) is a CA specific certification used to do business with the state under the laws governing the state’s 3% DVBE contracting goals. The SDVOSB (Service Disabled Veteran Owned Small Business) Certification is the federal version used to do business with the federal government under the laws governing their 3% contracting goals. Certification is obtained through the self certifying SAM (System for Award Management) portal. CVE (Center for Verification and Evaluation) Certification is the VA version used to bid on VA contracts and is often used by companies seeking to meet diversity goals with verified veteran owned businesses that are registered in SAM.
There are many other ways veterans are assisted in business. Organizations such as DVBA provide websites that list upcoming bid opportunities for service disabled vets. Examples of the upcoming contracts include water districts, energy/utility companies, school districts, road/bridge/infrastructure contracts, etc.
Conferences and events are held by vet organizations (such as DVBA) for disabled vet owned organizations to meet with state agencies and network. Mentoring and educational workshops are provided to give vets a better understanding of the process of procurement and acquisition, growth planning, cybercrime, access to capital (such as Flexible Funding’s funding and factoring programs) and other aspects of running a business. In the area of procurement/bidding for business, the information and resources can be quite valuable covering items such as:
- Methods…Formal competition to simpler acquisition methods like Informal Competitive phone quotes.
- Dollar thresholds for each type of acquisition method.
- Different bidding methods for different kinds of businesses.
- When and how procurement officials must advertise on a State procurement system and when they will or won’t open up bidding to other parties besides disabled vets.
- How many competitors may be expected for certain contracts depending on the type of certification you have, or the length of time you may have had a certification.
Lastly, organizations such as the DVBA can provide Legislative Resources information and resources. Be sure to see http://www.dvba.org/legislative-resources.
To discuss how Flexible Funding’s working capital, factoring, accounts receivable financing and payroll funding programs may help disabled veteran entrepreneurs with their business growth plans give a call to Ron Ventre at 760 604-0200.