On the recordJuly 13, 2015
Every day, American soldiers are risking their lives and leaving family and friends and loved ones behind to protect our freedoms and defend the United States. Currently, there are over 21 million veterans living all across the United States. When these brave men and women return home, they strive to transition seamlessly, hopefully, back into their civilian lives. Veterans face challenges in that transition, one of those being employment. Our most recent veterans who have served in Active Duty at any time since September 2001 have a higher unemployment rate than the average civilian. In particular, our recent female veterans have an unemployment rate that is over twice the national average. While finding employment upon transition to civilian life is a challenge, many veterans find that skills learned during military service translate well into entrepreneurship. Yet many veterans have found it difficult to obtain the funds needed to start a small business. In looking for ways to finance their new businesses, veterans may turn to the Small Business Administration, the SBA, for loan assistance. In fiscal year 2014, veterans received over 2,000 7(a) loans, totaling almost $600 million, but I believe we can do more to get these loans into the hands of veterans. Already the SBA Administrator is using her authority to waive certain fees charged to veterans.…





