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Let Us Be Your Advocate
SBA Patriot Express Loans (Military Men & Women)
You’ve got an idea for a business. Now it’s time to evaluate if your dream of starting a business can be a reality.
The U.S. Small Business Administration (SBA) has announced the SBA’s Patriot Express Pilot Loan initiative for veterans and members of the military community wanting to establish or expand small businesses. With military activations and extensions have a profound impact on entrepreneurs in the military community, SBA is committed to helping America’s service men and women.
Eligible military community members include:
- Veterans
- Service-disabled veterans
- Active-duty service members participating in the military’s Transition Assistance Program
- Reservists and National Guard members
- Current spouses of any of the above
- The widowed spouse of a service member or veteran who died during service, or of a service-connected disability
You will need to provide supporting documentation of this status with your loan application.
The Patriot Express Loan is offered by SBA’s network of participating lenders nationwide. DMR Business Solutions serve your business with consulting, assist with application submission, and stay in contact with the lender regarding your application’s status.
Patriot Express Loan from $5,000 to $500,000
BENEFITS
- SBA’s fastest turnaround time for loan approvals
- Rate may be fixed or variable
- Patriot Express Loan can be used for most business purposes, including startup, expansion, equipment purchases, working capital, inventory or business-occupied real-estate purchases.
REQUIREMENTS
- Must meet standard SBA eligibility
- Lenders may use their existing collateral policy for loans over $25,000 up to $350,000
- For loans above $350,000, lenders are required by the SBA to take all available collateral
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