The Small Business Administration has a program called “Patriot Express” which is designed to offer special loan guarantees to small businesses owned by veterans, reservists, and their spouses. As you are aware many federal programs have been cut in recent months but the SBA recently announced that this particular program has been extended for 3 years.

These loans can be used for most business purposes including start-up, expansion, equipment purposes, working capital, inventory or business related real estate purposes. Patriot Express loans are available up to $500,000 and are offered by the SBA’s network of participating lenders and have a fast turn-around time for loan approval.

Patriot Express loans feature the SBA’s lowest interest rates for business loans, generally 2.25 percent to 4.75 percent over prime depending upon the size and maturity of the loan.  Your local SBA district office will have a listing of Patriot Express lenders in your area.

For more information on SBA loans you can go to the SBA website