WHAT IS THE SBA PATRIOT EXPRESS LOAN PROGRAM?
UPDATE: Veteran loans authorized under the SBA Express program, which supports loans of up to $350,000. This coincides with the SBA announcing that for 2014, fees on all loans, not just veteran loans, for loans of $150,000 and under are set to zero.
The information below is about the Patriot Express Loan Program, which is no longer available. We have left it here for people researching the now unavailable loan program:
INFORMATION ON THE FORMER PATRIOT EXPRESS PROGRAM:
For veterans and other military personnel who have longed to have a business enterprise of their own, financing can be a bit of a hassle especially if they do not have adequate funds to start their business. But with the Small Business Administration's (SBA) Patriot Express Program, looking for the right funding source is practically covered. The SBA Patriot Express Program is designed to aid veterans and other members of the US military forces to start or expand their business with a funding scheme that offers high amounts of capital with low interest rates. The SBA Patriot Express Program does not directly provide the funds for applying veterans and other military personnel. Rather, it offers guarantees to lending banks and participating financial institutions once the loan is approved. The US Government backs up to 85% for loans less than $150,000 and 75% for loans over the same amount. Eligible veterans and military personnel can apply for up to $500,000. And the best thing about the Patriot Express Program is that veterans enjoy a very fast turnaround rates and interest rates that play around 2.25% to 4.75% over prime, the lowest among the available SBA loan programs. An applicant must be among the following to attain eligibility for the SBA Patriot Express Program:
2202 Northshore Blvd. Ste # 200 Tampa, FL. 33607
7380 W Sand Lake Rd Ste # 500 Orlando, FL. 32819
Phone: (877) 766 - 6812
Fax: (877) 233 - 0574
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