SBA Veterans Business Outreach Center of the Year

VBOC_logoBusinessUS would like to congratulate Veterans Business Outreach Center at Gulf Coast State College, Panama City, FL for it selection as the SBA Veterans Business Outreach Center of the Year.

Read a little bit about this outstanding organization’s commitment to our Veterans:

Taken from the Small Business Week program:

To get a sense of Brent Peacock’s commitment to helping veteran small business owners, take a look at the numbers. In 2013 Brent and his team at the Gulf Coast State College Veterans Business Outreach Center (VBOC) provided small business counseling, training, finance and contracting assistance to 2,026 veterans. Of those, 174 were women 317 were service disabled veterans, and 112 were National Guard and reservists. Under Brent’s leadership since 2010, the VBOC has established an outstanding reputation for giving veterans the tools to capitalize on their already sharp skills, enabling them to build a foundation for successful entrepreneurship. Serving veterans in the Southern states, the Gulf Coast State College VBOC staff has assisted in securing nearly $6 million in capital investments for their veteran clients. Brent and the team have been instrumental in helping veteran small business owners acquire 31 prime contracts and 14 subcontracts totaling $274 million. Brent also took the lead in implementing the SBA/Syracuse University partnered “Boots to Business” entrepreneurship training program at various military installations for veterans transitioning back to civilian life and small business ownership. He also did numerous training workshops for V-WISE (Veteran Women Igniting the Spirit of Entrepreneurship), a program aimed at helping women veterans start and grow their businesses. Before becoming a business counselor, Brent taught broadcast journalism at Gulf Coast Community College and worked as a news anchor for NPR’s Morning Edition.”

 

Coingratulations, VBOC!

~ Norris Lozano, CEO of BusinessUS, a national non-bank lender specializing in lending to underserved small businesses such as those owned by US Military Veterans.

‘Why I Hire Veterans’ – special from the Open Forum

“Providing opportunity for returning military veterans is a core pursuit of BusinessUS.” – Norris Lozano, CEO

This article demonstrates a true commitment to hiring veterans:

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Kevin Knight of Knight Solutions

“Kevin Knight planned to use the U.S. Army as a way to escape the troubled Hampton, Virginia, neighborhood where he grew up. But when a training accident—he was hit in the head with a training stick—detached both his retinas, causing blindness in one eye, his military career was over. That forced him to change gears and find his future in the world of business.”

Read the rest of the article here

 

Lozano and Bitters presenting at NAGGL Lending Leadership Summit

Headshot_NLozano 2_BWNorris Lozano, CEO of BusinessUS, will be presenting “Delivering Capital to Underserved Communities” with Stephanie Bitters at the Lending Leadership Summit of the National Association of Government Guaranteed Lenders (NAGGL), February 20.

In speaking to the 80+ C-level executives invited to the NAGGL summit, Lozano will reach into a deep well of experience in serving underserved communities with loans and resources. He has been responsible for leading teams in delivering key financing to projects with total costs of over $1 Billion in the last decade.

For more information on Norris Lozano, please visit this link.

For the text of the press release on the NAGGL Lending Leadership Summit, please click here

Stephanie Bitters speaking at Lending Leadership Summit, NAGGL, Atlanta

Headshot_Stephanie Bitters_BWStephanie Bitters, Managing Director of SBA Lending and Chief Credit Officer of BusinessUS, is speaking on “Delivering Capital to Underserved Communities” at the Lending Leadership Summit of the National Association of Government Guaranteed Lenders in Atlanta, February 19-20.

Bitters will be presenting “Delivering Capital to Underserved Communities” with Norris Lozano, who is CEO of BusinessUS. She has 27 years lending experience and is a longtime member of NAGGL.

Read the full press release here

Norris Lozano to speak at NAGGL Lending Leadership Summit, Atlanta

Headshot_NLozano 2_BWNorris Lozano (CEO of BusinessUS) is traveling to Atlanta February 19-20 to speak to the Lending Leadership Summit of the National Association of Government Guaranteed Lenders. NAGGL serves the needs and represents the interests of the small business lending community that utilizes SBA business loan programs.

Lozano will be presenting on “Delivering Capital to Underserved Communities” with Stephanie Bitters, Managing Director of SBA Lending & Chief Credit Officer of BusinessUS. Lozano brings over 15 years’ experience working directly with small businesses in underserved communities. He has led teams in financing projects in low-income community with a total cost of more than $1 Billion, including office, retail, manufacturing, schools, medical and arts facilities, creating thousands of FTE jobs, and generating millions in fiscal benefits to target areas.

See the full press release here

Lozano notes: Veteran Tax Credit Expires; Senator Braley fights for reinstatement

Hire_a_Hero_Header_image“On January 1st, the The Returning Heroes and Wounded Warrior Tax Credits was allowed to expire, which benefits employers with a tax credit for hiring veterans and disabled veterans, was allowed to expire by Congress,” observed Norris Lozano, CEO of BusinessUS, a national small business lender. “Congress adjourned for winter recess without reauthorizing this important program.”

Veteran advocates across the country including Representative Bruce Braley, an Iowa Democrat, are pushing for a permanent extension of the credits.

Unlike a “tax deduction” or tax exemption, which equate to a tax reduction at the taxpayer’s taxable rate, a tax credit is a dollar-for-dollar reduction in taxes. A tax break for a $1,000 expense, at a taxable rate of 25%, for example, would reduce an employer’s taxes by $250, while a tax credit would be worth the full $1,000 for each Veteran hired.

The The Returning Heroes and Wounded Warrior Tax Credits program is valued at approximately $1 billion to employers. The Department of Labor reports that in 2013, more than 50,000 certifications were given to employers across the nation, netting more than $1 billion for employers on an annual basis.

According to this article, “The Returning Heroes and Wounded Warrior Tax Credit provides incentives of up to $5,600 for hiring qualified unemployed veterans, and the Wounded Warriors Tax Credit doubles the existing Work Opportunity Tax Credit for long-term unemployed veterans with service-connected disabilities to up to $9,600.

“The credits were extended at the end of 2012 into 2013, so there is a possibility that they will be extended again in 2014, though no word from Congress yet. However, there is still a chance that Congress could extend those tax credits in the next month or two.”