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What is an SBA Patriot Express loan?
The Patriot Express Loan Program is similar to the SBAExpress Program except that it is specifically for veterans and active duty military and their spouses. Like the SBAExpress Program, the Patriot Express Program offers lines of credit as well as term loans, giving small- to medium-sized businesses, established entrepreneurs, and professionals access to other resources for additional capital. The only difference between this type of financing and conventional financing is the government guarantee, which can be up to 85% of the loan amount.
Benefits of the Patriot Express Program include:
- Larger lines of credit than other SBA programs
- Term loans with longer amortizations
- Lower equity investment requirements
How much can I borrow?
Under this program, the maximum loan size is $500,000.
What terms and rates are available?
Maximum Loan Terms:
- Working Capital & Inventory: 7 years
- Leasehold improvements, equipment & business acquisition: 10 years
- Real Estate: 25 years
- Maximum term for revolving lines of credit is 7 years.
Interest Rate: Variable rate based on prime.
Collateral: For loans over $350,000, the SBA’s collateral policies apply.
What can an Patriot Express loan be used for?
- Working Capital
- Inventory
- Business Acquisitions
- Equipment
- Real Estate
- Debt Refinancing
Who is eligible for an Patriot Express loan?
- The business must be 51% or more owned by:
- A veteran
- An active duty military service member participating in the military’s Transition Assistance Program
- A reservist
- A National Guard member
- A current spouse of any veteran, widowed spouse of a service member who died while in
service or widowed spouse of a veteran who died of a service-connected disability.
- The business must be a for-profit business.
- The business must meet the SBA’s size standards.
Getting Started
To speak with our Government Lending specialists, call us at (800) 722-5945, contact us, or visit one of our local City National locations.
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Equal Housing Lender | 
