SBA Offers Great Loan For Military Personnel
Have you heard about the latest loan offered by the Small Business Association? It’s called the Patriot Express Loan. This loan is tailored to assist military personnel in acquiring an SBA loan to start a new business. The activations and extensions have had quite an impact on entrepreneurs in the military. In my opinion this is a great program. Some of the individuals who are activated are away from their families for as long as 3 years. It’s nice to know that a program like this exists to help those who want to start their own business once they have returned home.
The Patriot Express loan is available to veterans, service-disabled veterans, active-duty service members participating in military’s Transition Assistance Program, Reservists and National Guard members, current spouses of any of the above and the widowed spouse of a service member who died during service. Individuals who qualify for this loan can get up to $500,000 and qualify for a maximum guaranty of up to 85% for loan of $150,000 or less and 75% for loans between $150,000 and $500,000.
Other great features of this loan include enhanced guarantee and interest rates, along with a faster turn around. It is modeled after the SBA Express Program which has been very successful since its inception. If you qualify for the Patriot Express loan I would highly recommend that you look into it as a vehicle for financing your new franchise or business. Whether you qualify for this loan or not there are several options out there when looking for financing for a new business. I can help you uncover the right loan and franchise that works best for your circumstances. Just contact me and we’ll get you started on the way to owning your own business.
