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SBA Patriot Loans

The US Small Business Administration (SBA) is doing its bit to provide some extra support to America’s veterans. SBA officials have recently unveiled their new Patriot Express Loan Initiative. This effort is an extension of SBA’s flagship 7(a) loan guarantee program. The Patriot Express Loans work much like 7(a) loans -- potential customers work with a local bank, and can be eligible for loans of up to $500,000 with up to 75-85% of that total covered by an SBA guarantee. The program will also provide SBA’s lowest interest rate for business loans (anywhere from 2.25% to 4.75% over prime). Learn more about the US Small Business Administration’s Patriot Express Loan Initiative.

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