SBA Veteran and Military Loans

SBA loans for Veterans and members of the military community: The Patriot Express is a specific program through SBA for veterans and military members. This loan is similar to an SBA; however, there are a few differences. This program boils down to three major differences as follows:

  • SBA response time is within 36 hours
  • Overlaps both 7 (a) and 504 fund usage
  • Another difference is the loan rates can be as low as 2.25% – 4.75%

We had a client that it took nearly 12 days for SBA to respond back and another that took four or five days. To have a required 36 hour turnaround time puts days to run your business back into your pocket.

Instead of splitting up a project for partial 504 or 7(a) coverage, the patriot program encompasses all eligible uses. Such as r real estate, working capital, inventory, etc. The SBA patriot loan features the lowest rates SBA can offer depending on the size and maturity of the loan.

For SBA loans including patriot have Hoffman Consulting Group look over your loan request before you go into a lender to give yourself the best chance to qualify for an SBA loan.

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