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How SBA Resource Partners Helped Veteran Douglas Craft Grow His Business From $80,000 to $25M

Name: How SBA Resource Partners Helped Veteran Douglas Craft Grow His Business From $80,000 to $25M
Uploaded: 2023-04-28T19:10:52+00:00
Duration: 54 s
Channel: Your Advisor
Description: Veteran Douglas Kraft grew Crystal Clear Maintenance from $80,000 to $25 million a year with help from SBA resource partners. He accessed…

28 Apr 2023 · 1 min

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0:54

Veteran Douglas Kraft grew Crystal Clear Maintenance from $80,000 to $25 million a year with help from SBA resource partners. He accessed service-connected disability benefits, capital, and contracting through the 8(a) program. The SBA's Small Business Development Centers and Veteran Business Outreach Center connected him to the support that scaled his business.

Questions this video answers

From $80,000 a year to over $25 million a year.

Small Business Development Centers; Veteran Business Outreach Center; the 8(a) program; lenders connected via the SBA.

Service-connected disability (referred to as 'service disability').

I'm Douglas Kraft. I'm the owner of.
Crystal Clear.
Maintenance.
I think in Doug's case, he's been a real strong example of what the SBA can do to assist a veteran in business. We worked with him through the Small Business Development Centers and with the Veteran Business Outreach center and regrouped his company to make it stronger. We got him to file for his veteran benefits to get what he earned, and that was service disability, which then opened the door for his business. We were able to provide access to capital with a lot of our lenders for him, but more importantly, contracting opportunities through our 8A program. It launched his business from $80,000 a year to over 25 million a year.
If I didn't utilize SBA resources, I wouldn't be nearly as successful as I am now. So I think if anybody want to go in business, I would reach out to sba. Their doors are always open. Even if you haven't started a business, you're thinking about.
Starting a business.
SBA would be my first choice.