What is the SBA Patriot Express Loan Program?

The SBA Patriot Express Loan is a program that is offered by the Small Business Administration. This program is designed to help veterans and members of the active military. Here are the basics of the SBA Patriot Express Loan program and how it works.

SBA Patriot Express Loan

If you are a veteran or are currently in the military and you want to start a business, this loan program can be a good way to do so. You are going to be able to work with a traditional lender and your loan is going to be backed up by the SBA. With this loan program, you can get as much as $500,000 to start a business or to expand your existing business. You could use the money to purchase equipment, buy land, expand your building or do a number of other things with.

Benefits

One of the biggest benefits of this program is that you are going to be able to get approved easier than you would with a traditional loan program. Since the SBA is backing the loan, you are not going to have to meet the same credit requirements. Another advantage is that the interest rates on these loans are very affordable.

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