The Patriot Express Loan program has been created for small businesses that are at least 51% owned or controlled by veterans or members of the military community. The maximum loan amount is $500,000 and this can include a revolving line of credit of up to 7 years.
Eligible military community members include:
- Veterans
- Service-disabled veterans
- Active-duty service members eligible for 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
For more information, contact you local SBA district office.