Aflac is committed to helping those who need our care, whether or not they’re customers. That’s why Aflac works with the National Veteran Business Development Council (NVBDC) to support certified, veteran-owned and service-disabled businesses across the country. In business, philanthropy and everything else, when you partner with Aflac, you partner with a carrier that has always been devoted to the community — and always will be.
Through our commitment to the NVBDC, we helped build a pipeline of veteran-owned businesses in our ecosystem. And we learned about this group’s entrepreneurial spirit — along with their challenges.
veteran-majority-owned businesses in the U.S.1
of veteran small-business owners have a service-related disability.2
of veteran-owned businesses have a financing shortfall because they received less loan money than they applied for.3
in annual sales from veteran-owned small businesses in the U.S2
people employed by veteran-owned small businesses.1
Veteran-owned businesses were denied SBA, federal and state COVID-19 relief funding 20%-100% more frequently than non-veteran business owners.2
Have a veteran-owned business on your client list? Learn how Aflac and the National Veteran Business Development Council are working together to care for clients like yours.
1 Small Business Trends. “2.5 Million Small Businesses Are Owned by American Military Vets.” Updated 3.10.2020. Accessed 8.24.2021.
2 PR Newswire. “Veteran Small Business Owners Face Declining Startup Rates and Service-Related Disabilities.” Published 5.18.2021. Accessed 8.24.2021.
3 Lending Times. “Is Veteran-Owned Entrepreneurship Headed Toward Extinction?” Published 12.5.2019.
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