Any Veterans have experience with the Patriot Express Loan program to get funding for starting a business?

2013-11-08T15:30:27-05:00

Interested in connecting with any veterans that have used the Patriot Express Loan to get capitol for a business they are starting.

Response by LTC Private RallyPoint Member made Jul 12 at 2014 11:00 PM

2014-07-12T23:00:14-04:00

A quick google search revealed this site. Hope it helps.

http://www.finweb.com/loans/comparing-the-pros-and-cons-of-the-sba-loan-patriot-express-pilot-program.html#axzz37JVk5xa9

Comparing the Pros and Cons of the SBA Loan Patriot Express Pilot Program - Financial Web

Using an SBA loan can be a great way to get started in business. The Small Business Administration is a government agency that works with small business owners. The government recognizes the importance of small businesses in the economy and as a result, they put out favorable loan programs

Response by CPT Richard Riley made Feb 18 at 2015 9:29 AM

2015-02-18T09:29:58-05:00

For those who do not know what this loan pertains to, here is the basic information about it:

If you are looking for information on VA small business loans, it probably means you have served in the military or are part of the military community. If you have spent years taking orders from superior officers, the thought of being your own boss and becoming an entrepreneur might have a lot of appeal. The good news is that loans are available to help veterans start a new business or expand an existing business. Small business loans for veterans are not administered by the VA, however. The Patriot Express Small Business Loan program, which is run by the Small Business Administration, allows vets to get funding for their small businesses. If your post military plans or dreams involve starting a business or if you are a veteran in need of funding to aid the growth of a business you have already started, the Patriot Express Veterans Small Business Loan program may be your best bet.

Full disclosure can be found here: http://www.thesmallbusiness.org/loans/va-small-business-loans.html

Small Business Loans for Veterans in 2015

Are you ex military looking for info on a business loan? Find out how the SBA, not the VA, administers small business loans for veterans.

Response by SSgt Christopher Clinton made Feb 15 at 2016 11:54 AM

2016-02-15T11:54:44-05:00

Before you start looking at loans, you might want to get in contact with your local SBA representative. (Link below) They might be able to point you in the direction of grants as well as give valuable feedback regarding your business plan, bootstrap strategies and more. It is important to have your ideas planned out clearly, market research statistics, presentation ready, and if you already have started a business, get all your paperwork ready. I just started working with them and it is invaluable.

https://www.sba.gov/tools/local-assistance

SBA Offices and Resource Partners | The U.S. Small Business Administration | SBA.gov

Response by Cpl Ray Milano made Feb 16 at 2016 6:52 AM

2016-02-16T06:52:01-05:00

Unfortunately, SBA's Patriot Express Loan Program is no longer available. However, there are other loan programs available to veterans and military spouses. Veterans Entrepreneurship Act of 2015 and Veteran Advantage Loan Program. Don't hesitate to contact me if you have any questions.