Tag Archives: veterans

This Hawaii Entrepreneur Has Dedicated His Post-Army Career to Helping His Fellow Veterans–And It All Started With Great Barbecue | Inc.com

It was the Fourth of July, so of course there would be fireworks. Des Cortes was dreading it. After five and a half years in the Navy that included deployments in Afghanistan, Iraq, and Djibouti, Cortes knew the sound of explosions would trigger her. As the light display crackled across the sky that night in 2017 she stood in a Tin Hut BBQ truck on an air force base in Honolulu, struggling to count out the night’s receipts. “I couldn’t focus on what I was doing,” Cortes says. “I completely shut down.”

Fortunately her boss, Frank Diaz, was by her side–as he had been since she’d texted him about a job. PTSD had forced Cortes, at age 24, into early retirement from the military. Unable to find work, she’d been couch surfing with friends or living out of her car. Diaz, the founder of Tin Hut, hired her by text five minutes after she reached out and trained her one-on-one. Over the next two years he helped Cortes sign up for benefits and therapy through the Veteran’s Administration, found her temporary housing, and taught her to budget her money so she could move into her own apartment.

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Veteran | Jim Ely

Veteran

vet-er-uh n, ve-truh n

a person who has had long service or experience in an occupation, office, or the like:

-a person who has served in a military force, especially one who has fought in a war:

-a Vietnam veteran.

-experienced through long service or practice; having served for a long period:

of, pertaining to, or characteristic of veterans.

From Latin veterānus mature, experienced, equivalent to veter- (stem of vetus) old

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TIP OF THE WEEK

U.S. military veterans can now save up to $69,062.50 on the SBA 7(a) loan guarantee fee.

SBA Policy Notice 5000-1319 declares that the SBA guarantee fee on SBA 7(a) loans is now reduced by 50% for small businesses that are 51% or more owned and controlled by a veteran.

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Indices:

PRIME RATE= 3.25%

SBA LIBOR Base Rate November 2014 = 3.16%

SBA Fixed Base Rate November 2014 = 5.28%

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SBA 504 Loan Debenture Rate for October

The debenture rate is only 2.740% but note rate is 2.787% and the effective yield is 4.15%.

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AHEAD OF THE YIELD CURVE

Veteran interest rate observers have noticed a flattening of the yield curve.

The slope of the yield curve—the difference between the yields on short- and long-term maturity bonds—has achieved some notoriety as a simple forecaster of economic growth. The rule of thumb is that an inverted yield curve (short rates above long rates) indicates a recession in about a year.  More generally, a flat curve indicates weak growth and conversely, a steep curve indicates strong growth.

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Veterans on the front lines of small business | CNNMoney

When I left the Navy in 2000, I noticed veterans weren’t marketed in the best way and were often thought of as being was worse off because of their service.

In 2002, we launched Victory Media to change that perception. The company started by connecting the military and civilians through G.I. Jobs, which helps businesses promote themselves to veterans looking for work. Until then, there weren’t many resources to help veterans transition to the civilian workforce.

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Soldiers Turn Entrepreneurs as One Million Exit Military | Bloomberg

Robert Rummells, a U.S. Army Ranger for 22 years, says it was a natural transition when he opened a Mosquito Joe pest-control franchise in Richmond, Virginia, earlier this month.“I’m an outdoor type of guy, and I didn’t want to be chained to my computer in an office, talking on the phone,” said the 49-year-old, who tried jobs such as installing equipment at a community college and simulated firearms training after retiring from the military in 2009. “I learned I needed to work for myself.”

As more former service personnel turn to entrepreneurship, they’re generating jobs that are helping to cut the unemployment rate for veterans to a four-year low of 6.2 percent in April, lower than the 6.9 percent rate for adult non-veterans. The boost to the labor market matters: More than a million Americans are projected by the White House to transition out of the military through 2015.

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Stop Denying Benefits to Veterans with Mental Disorders | ForceChange.com

Target: U.S. Secretary of Veterans Affairs Eric Shinseki

Goal: Award military benefits to veterans diagnosed with personality disorders.

Nearly 26,000 veterans have been denied military benefits after being diagnosed with a ‘pre-existing’ personality disorder. The military screens each recruit extensively to ensure that they’re psychologically healthy before enlisting, however, so clearly these conditions are not pre-existing. The military must award benefits to these men and women who have served our country.

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