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July 2007 SBA offers loan initiative for military community The U.S. Small Business Administration recently announced the Patriot Express Pilot Loan Initiative for veterans and members of the military community wanting to establish or expand small businesses. 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 aforementioned qualified applicants; and a widowed spouse of a service member or veteran who died during service or of a service-connected disability. The SBA and its resource partners are focusing additional efforts on counseling and training to augment this loan initiative. Source: U.S. Small Business Administration, www.sba.gov
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