SBA looks to reach more veterans with loans and programs to start businesses
Hernán Luis y Prado, who owns a machine shop and manufacturing facility in San Diego, said he feels like he still works with a military team – except now everyone has a beard and let’s their hair grow long.
“I love it,” said the former Naval officer, whose company VetPowered has 13 employees, most of whom are veterans. “A guy I served with 22 years ago, now he’s here helping with development.”
Linda McMahon, who leads the Small Business Administration, visited VetPowered as part of her nationwide Ignite Tour, which aims to meet with business owners in all of the SBA’s 68 districts within her first two years. She said her tour of the country and visits with small business owners is designed to promote what the SBA can offer entrepreneurs.
Luis y Prado launched his business 10 years ago and chose San Diego because of the large number of veterans separating from the military there each year.
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