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      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 in 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.

What are the loan details?
The Patriot Express Pilot Loan Initiative is a 7(a) loan initiative offered by widest network of lenders nationwide and features our fastest turnaround time for loan approvals.  Loans are available up to $500,000 and qualify for the maximum guaranty of 85 percent for loans of $150,000 or less and 75 percent for loans over $150,000 up to $500,000. For loans above $350,000, lenders are required to take all available collateral.

The Patriot Express loan can be used for most business purposes, including start-up, expansion, equipment purchases, working capital, inventory or business-occupied real-estate purchases.

  
       
       
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Export Express

The Export Express program is designed to help SBA meet the export financing needs of small businesses.

It is a subprogram of Express and is therefore subject to the same loan processing, making, closing, servicing, and liquidation requirements as well as the same maturity terms, interest rates, and applicable fees as for other SBA loans except as noted below.

The total Export Express loan cannot exceed $250,000. The agency guarantees 85 percent for loans of $150,000 and under and 75 percent for loans over $150,000 to $250,000. Participating lenders make their own credit decisions.

  
       
       
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      Government Loan Advantage Program

The key features of Small/Rural Lender Advantage include:
• A shorter, simplified application for loans of $350,000 or less;
• Only limited, key financial documentation is required;
• A guaranty of 85 percent is available for loans of $150,000 or less; 75 percent if the loan is larger;
• Loan applications may be faxed or e-mailed

  
       
       
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