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              How to start a Veterans Bank
   
                 VETERANS BUSINESS BANCORP

                 The Community Bank for Veterans

You can make a big difference to veterans as a community bank director!  


The mission of Veterans Business Bancorp, Inc. is to increase U.S. Veteran ownership of businesses by creating independent community banks across America in areas largely populated by retired military.

Each bank will provide services exclusively for military veterans and will be named Veterans Business Bank.  A final part of each bank’s name will designate the region.

Our primary goal is to overcome a serious problem involving veteran unemployment.

In 2016, 20.9 million men and women were veterans, accounting for about 9 percent of the civilian non-institutional population age 18 and over.  About 10 percent of all veterans were women.

Trends in veteran entrepreneurship was 49.7% of World War II veterans owned and operated a business after leaving military service; 40.1% of Korean War veterans became entrepreneurs; only 4.5% of post-9/11 veterans have started their own business.

The tremendous drop in the number of community banks available to fund start-up businesses is the main reason for this dramatic change.

The Federal Reserve Bank of St. Louis states the U.S. had 30,135 commercial banks and 15,385 mutual savings banks for a total of 45,520 on December 31, 1945.  We went from 14,400 banks in the second quarter of 1984 to 5,112 by the end of 2016.

So how will military veteran focused community bank charters impact our economy nationally?  More new businesses will mushroom across America!

Two big examples that may shock you are that there are numerous countries where it is easier to start businesses than in America.  The reasons are (1) more funding is available, and (2) start-ups have less regulations to deal with.  

Some of the following article, however, has to be taken lightly since “start-up” means something different elsewhere than it does in America.

U.S. economy won't grow fast until we unleash entrepreneurs
http://www.cnn.com/2016/09/28/opinions/entrepreneurship-is-the-key-to-u-s-economy-tisch/. Andrew Tisch claims there are 48 countries where it is easier to start businesses.   He mentions “Like loosening the provisions in the Dodd-Frank financial reform law that make it unnecessarily difficult for community banks and credit unions to lend to small businesses. “ (Fortunately President Trump and the majority of Congress appear to be in support of reforming the Dodd-Frank Act.)
 
Let me give you some extremely disturbing news.  The hugely lessened number of community banks has had a damaging effect on startup companies.

A good example is cited in the article of the October 2016 Inc. Magazine.  Where Are All the Missing Veteran-Owned Businesses?  Half of all American World War II veterans eventually became entrepreneurs. What happened?
https://www.inc.com/magazine/201610/kimberly-weisul/missing-veteran-owned-businesses.html 

These Veterans Fought al Qaeda. Now They've Started 162,000 New Businesses
https://www.inc.com/magazine/201610/kimberly-weisul/new-mission-veteran-entrepreneurs.html 

Our government takes seriously the need to help veterans establish businesses.  See the role that the Small Business Administration takes. 

Veteran-owned Businesses and their Owners— Data from the Census Bureau’s Survey of Business Owners

https://www.sba.gov/sites/default/files/393tot.pdf   

Additonally, the SBA simplifys the process by providing templates and outlines for business plans.

Partner with the Small Business Administration to issue government-guaranteed loans/Get Access to low-cost, government-backed capital to invest in small businesses.

https://www.sba.gov/partners

Build Your Business Plan 

U.S Small Business Administration 8 (a) Business Plan

https://www.sba.gov/sites/default/files/forms/SBA%201010C.pd


Our Associate Program

The National Cyber Security Organization, sponsors free classes for Veterans.  http://veteransusa.org/ 

The VA provides care at 1,233 health care facilities, including 168 VA Medical Centers and 1,053 outpatient sites of care of varying complexity serving more than 8.9 million Veterans each year.

Verify your military status
https://verify.id.me/335d2ff714ff4bd3b73f1c271e9b096b/military
 
Our program is designed to substantially reduce suicides of veterans and prepare them for jobs in the cyber security industry where they can earn greater income than is available in other professions.

VeteransUSA is distinctive!  We will provide help across the world for our Veterans.  Much of our effort will be in VA hospitals.

The National Cyber Security Organization was formed in Scottsdale, Arizona in 2016 to reflect the broadening field of cyber security, which today is a multi-billion dollar industry offering trained cyber security experts compensations reaching as high as $2 million annually.

See the most recent information about the statistics of suicides.
Suicide among veterans highest in western US, rural areas
http://www.abc15.com/news/national/suicide-among-veterans-highest-in-western-us-rural-areas?page=2

We will work with organizations of veterans for marketing.   

Creating Veterans Business Banks provides founders an opportunity beyond the bank. 

Most cities now support co-working locations that make office and desk space available to typically 200 or more small businesses and start-ups.  This is done to establish relationships with small businesses. 

Founders of our banks would charge approximately $400.00 to $1,000.00 monthly for office space and $175 to $275 for a desk or shared space. 

Some cities are willing to issue $10 million to $50 million loan guarantees to encourage investors to fund a program.  This program bolsters the availability of private credit by guaranteeing loans for rural businesses typically in towns of 50,000 or more.

Unsurprisingly, banks are the most common recipients of guarantees.

Lack of awareness about guarantees: Internal and external stakeholders may lack experience with guarantees, requiring education about why and how they would be useful. Such stakeholders include board members, credit committees, and new potential guarantors, recipients, and intermediaries.

See detailed reports to increase understanding:

SCALING THE USE OF GUARANTEES IN U.S. COMMUNITY INVESTING

https://thegiin.org/assets/GIIN_Issue_Brief_Guarantees_final%20for%20web.pdf

2016 Financial Report of the United States Government

https://www.fiscal.treasury.gov/fsreports/rpt/finrep/finrep16/note_finstmts/fr_notes_fin_stmts_note4.htm

Our Programs

https://www.fiscal.treasury.gov/fsprograms/fs_programs.htm

Ernest Garfield, former U.S. Field Artillery officer, Korean vet, June 1952 - January 1955.

Garfield was one of 1,070 Artillery officers inducted into the U.S. Army Field Artillery  hall of Fame at Fort Sill, Oklahoma. 

www.artilleryocsalumni.com/hof.htm

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