SBA Express Loan - Small Business Administration Sba patriot express loan

Summary of Article

To qualify for the SBA Loan Patriot Express Program while having bad credit requires overcoming five common hurdles that affect all bad credit business loan applications. These hurdles are best summarized by the five C's of credit factoring, each of which can be found on the SBA website. These are capacity, capital, collateral, conditions and character, which lenders will investigate in order to find out whether the veteran borrower can feasibly repay the SBA loan being applied for. Fortunately for the veteran borrower, the patriot express loan program maintains a number of policies that slightly alter the terms under which these conditions are considered.One of the most efficient ways to check the viability of a bad credit small business loan application before you even apply is to first fill out the "Checklist for Starting a Business"  and spend time working through the "Small Business Startup Guide", both of which can be found on the SBA loan website at These will, in essence, be a way of self-checking the five C's of credit factoring that lenders and the SBA loan program will be investigating.Fortunately for veteran borrowers, there is no one factor that determines the viability of their credit. Specifically, this is because of certain conditions and provisos attached to the patriot express SBA loan program which eliminate the need for certain conditions that are normally considered necessary for other loans. Those conditions will be distinguish which might alter the viability of a small business loan application under the SBA loan patriot express program.Your capacity to repay the loan will be considered and is not affected by any patriot express conditions. Lenders will attempt to determine the cash flow of your business, the length and schedule of the repayment period, and your payment history. They will also consider contingent sources of repayment such as collateral.Your capital will be examined and is another unaffected factor by patriot express standards. This is the money that you have personally invested in the business. The more personal risk involved for you, the more confident lenders will be that the loan will be used wisely.Your collateral will be reviewed as a possible contingent source of repayment. This is a decidedly affected factor under SBA loan program conditions. As always, collateral can be either business or personal assets. However, if you are applying for a loan of $25,000 or less, then no collateral is required. For all loans between $25,000 and $350,000, lenders are encouraged to use their existing terms and conditions regarding collateral needed. Therefore, it would be wise to shop around for lenders whose collateral conditions are in your favor.Your conditions will be considered. Conditions refer to the purpose of the loan, whether it is intended for acquiring property, inventory or the like. The SBA loan patriot express program allows for the widest possible number of purposes available so that very little will be considered out of bounds.

Finally, your character will be examined, which for patriot express loan program applicants means, at the very least, requiring honorable discharge papers in the form of a DD 214. This is the most subjective aspect of the application process and is when the SBA and lenders size you up personally to determine whether or not you are trustworthy. They will consider your education, both your personal and work experience and the quality of your references nurse loan repayment

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Is the Patriot Express Loan Still Available .

Veteran’s: The statistics have shown you are excellent business owners – you have developed the skill sets!  Not only have you proven, execution skills, drive, determination and team work, you continue to move forward under pressure.  These are all terrific attributes for a successful business.

Over the course of the years, through the unassuming and transparent thread that ties us together, our military stands as the pre-eminent beacon of freedom.

As the largest lender to our veterans and their spouses, I have witnessed first-hand what terrific business owners they are – and how successful they become. The military gives us truly valuable and well-disciplined business owners.

I was speaking with a recently retired veteran; we were discussing what his options were in today’s economy.  He felt he did not have any skill sets for owning his own business. After spending several hours with him, he realized he already possessed the right ingredients to be a highly successful business owner:

All those attributes make a highly successful business owner.  The good news is I was able to help him obtain his goal of owning a business, by offering a SBA Patriot Express Loan = Veteran’s Advantage loan. Our loans are simple and easy: they require no collateral, simple interest, and are in the business name.

These loans work; we have made more loans to our military men, women and spouses than any other lender.

It’s time! Start making it happen.  Become a success!

Begin the process by clicking here prosper personal loans review

SBA Loan Patriot Express Pilot Program: Dangers -

SBA Patriot Express Loan Program Lendio

Streamlined Processing The Patriot Express Pilot Loan program highlights the combination of its streamlined processing mechanism for faster loan closings, larger maximum loan limits for larger projects, and lower contractual interest rates are usually reserved for the larger SBA loan programs. Should the Patriot Express program execute on its deliverables then these newly-eligible franchise operators will also have an additional capital resource to secure project financing for franchise start-ups and acquisitions of existing units. The most notable highlights that benefit both borrowers and participating lenders of the Patriot Express Pilot Loan program in comparison with the current 7(a) and SBAExpress loan programs are detailed as follows: • The maximum loan limits with the Patriot Express Pilot is $500,000 as compared with the maximum limits of $350,000 under the current SBAExpress loan program. The increase in maximum loan limits will grant those eligible franchise operators with access to those franchise concepts in the next higher investment tier level. After typical equity injection requirements in the 15 percent to 30 percent range, total project cost can now range as high as $700,000. • For participating lenders, the SBA will provide a loan guaranty of up to 85 percent for Patriot Express loans up to $150,000 and a loan guaranty of up to 75 percent for loans above $150,000. This is a contrast to the current maximum 50 percent SBA loan guaranty for all SBAExpress loans. As participating lenders must still use their existing prudent collateral practice for express loans, the increased guarantee however provides greater incentive to finance larger loan requests and the next higher tier level investment of franchise systems. • The Patriot Express Loan interest rates can be as low as prime-plus 2.25 percent which may be a typical spread charged over the prime rate within the larger 7(a) loan program to relatively lower credit risk of the borrowers and overall transaction. The Patriot Express Loan program interest rate range is generally 2.25 percent to 4.75 percent over the prime rate depending upon the size and maturity of the loan.

• The existing SBAExpress lenders and Preferred Lender Program lenders that elect to participate in the Patriot Express Pilot Loan Initiative will be required to satisfy and maintain the same proficiency and performance standards the SBA has established for participants in the SBAExpress or PLP program.

In addition to the loan program, the new Patriot Express Pilot Initiative will also include additional SBA resources for small-business operators with alliances to the military community. The program will provide this base of small-business operators with advice and counseling through the SBA district offices, the SBA’s resource partners at SCORE, the Small Business Development Centers, and the Women Business Development Centers.

Should franchise companies wish to learn more about the Patriot Express Pilot Loan initiative program and how it may more particularly benefit those with military backgrounds in the franchising industry, they can visit the Web site, To locate an SBA district office, go to SCORE counselors with expertise in supporting veteran entrepreneurs are available online 24 hours, seven days a week with a 48-hour response time at

Reginald (Reggie) Heard is the founder and president of Bankers One Capital. He can be reached at 203-791-9998 or [email protected] faculty loan repayment program 

Patriot Express program from the SBA

Expedite the small business lending process with an SBA Express Loan. The program reduces the number of government-mandated forms, streamlines loan processing and lets Associated Bank respond to you more quickly.

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