• Magazine
    • Past Issues
    • Subscribe
    • Change Mailing Address
    • Surveys
    • Guidelines for Authors
    • Editorial Calendar
    • Editorial Deadlines
  • Practice
    • Business Tips
    • Chiropractic Schools
    • Clinical & Technique
    • eBooks
    • eCourses
    • Infographics
    • Quizzes
    • Wellness & Nutrition
    • Personal Growth
    • Podcast
  • Resource Centers
  • Products & Services
    • Buyer’s Guide
    • Products Directory
    • Submit a Product
    • Vendor Login
  • Datebook
    • Become an Events Poster
    • Post an Event
    • View Events
  • Jobs
    • Jobs
    • Post a Job
  • Advertise
    • Advertising Information
    • Media Kit
    • Contact Us
    • Upload Advertising

Your Online Chiropractic Community

Chiropractic Economics Your Online Chiropractic Community
Subscribe
  • Home
  • Current Issue
  • News
  • Webinars
  • Chiropractic Research
  • Students
  • Coronavirus (COVID-19)

Patriot Express loans available for military spouses

Chiropractic Economics May 13, 2008

May 13, 2008 — The Patriot Express loan initiative from the Small Business Administration (SBA) is up and running and available to help military families start or build a small business.

Patriot Express is available to military community members including veterans, service-disabled veterans, service members leaving active duty, Reservists and National Guard members, current spouses of any of these groups, spouses of active duty members, a widowed spouse of a service member who died during service, or of a service-connected disability.

 

In the 10 months since its launch, Patriot Express, a streamlined loan product with enhanced guaranty and interest-rate characteristics, has produced 1,304 guaranteed loans amounting to more than $135 million, with an average loan amount of nearly $104,000. Nearly 15 percent of those loans have gone to military spouses.

 

The Patriot Express initiative builds on the more than $1 billion in loans SBA guarantees annually for veteran-owned businesses, and the counseling assistance and procurement support it provides each year to more than 100,000 veterans, service-disabled veterans and Reserve members.

 

Loans are available up to $500,000 and qualify for SBA’s maximum guaranty of up to 85 percent for loans of $150,000 or less and up to 75 percent for loans over $150,000 up to $500,000.  For loans above $350,000, lenders are required to secure all available collateral to back the loan and may obtain collateral for smaller loans depending upon individual bank requirements. 

 

The Patriot Express Pilot Loan Initiative can be used for most business purposes. Details on the initiative can be found at www.sba.gov/patriotexpress. After loan applications are approved by the bank, they are submitted to SBA for approval. Most applications are approved by SBA within 24 hours.

 Source: Small Business Administration, www.sba.gov

Related Posts

  • Small business economic relief opportunities from the COVID-19 CARES ActSmall business economic relief opportunities from the COVID-19 CARES Act
  • SBA introduces 2 new online finance coursesSBA introduces 2 new online finance courses
  • Using the SBA’s COVID-19 Paycheck Protection ProgramUsing the SBA’s COVID-19 Paycheck Protection Program
  • Health care marketing to military and establishing your footprintHealth care marketing to military and establishing your footprint
  • Palmer College of Chiropractic expands services to US military personnelPalmer College of Chiropractic expands services to US military personnel
  • Free Financial Health Professionals Small Business GuideFree Financial Health Professionals Small Business Guide

Filed Under: Chiropractic News, News

Current Issue

Follow Us

  • Facebook
  • Twitter
  • Instagram
  • LinkedIn
  • YouTube logoYouTube logoYouTube

820 A1A N Highway W18,

Ponte Vedra Beach, FL 32082

Phone 904.285.6020

Fax 904.395.9118

CONTACT US »

Privacy Policy & Terms of Service

Copyright © 2021, All Rights Reserved

SUBSCRIBE TO THE MAGAZINE

Get Chiropractic Economics magazine
delivered to your home or office. Just
fill out our form to request your FREE
subscription for 20 issues a year,
including two annual Buyers Guides.

SUBSCRIBE NOW »

Latest Chiropractic News

  • American Chiropractic Association lauds U.S. Congress passing fair competition health legislation
    The American Chiropractic Association (ACA) lauded the U.S. Congress for passing legislation that will promote fair competition in health...
  • Logan University debuts new health center
    Logan University logo
  • Foot Levelers releases spring 2021 seminars schedule
x