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SBA Patriot Express Program

What Is The SBA Patriot Express Loan Program?

UPDATE: Unfortunately, the Patriot Express Initiative has expired, but there are other alternatives available. Started on January 1, and through September 2014, the borrower upfront fee is zero for veteran loans authorized under the SBA Express program, which supports loans of up to $350,000. This coincides with the SBA announcing that for 2014, fees on all loans, not just veteran loans,  for loans of $150,000 and under are set to zero.

Patriot Express Alternatives

Lendio’s mission is to fuel you American Dream by making small business loans simple through options, speed, and trust. Whether you are looking for a traditional-term loan or an SBA loan, Lendio offers hundreds of different loan products from a variety of lenders with the best rate, guaranteed. Find out which business loan is best for you.

The information below is about the Patriot Express Loan Program, which is no longer available. We have left it here for people researching the now unavailable loan program.


For veterans and other military personnel who have longed to have a business enterprise of their own, financing can be a bit of a hassle especially if they do not have adequate funds to start their business. But with the Small Business Administration’s (SBA) Patriot Express Program, looking for the right funding source is practically covered. The SBA Patriot Express Program is designed to aid veterans and other members of the US military forces to start or expand their business with a funding scheme that offers high amounts of capital with low interest rates.

The SBA Patriot Express Program does not directly provide the funds for applying veterans and other military personnel. Rather, it offers guarantees to lending banks and participating financial institutions once the loan is approved. The US Government backs up to 85% for loans less than $150,000 and 75% for loans over the same amount. Eligible veterans and military personnel can apply for up to $500,000. And the best thing about the Patriot Express Program is that veterans enjoy a very fast turnaround rates and interest rates that play around 2.25% to 4.75% over prime, the lowest among the available SBA loan programs.

An applicant must be among the following to attain eligibility for the SBA Patriot Express Program:

  • Veterans of the US Army, US Navy, US Air Force, and United States Marine Corps (including veterans disabled during military service);
  • Active military personnel who are qualified for the US Military’s Transition Assistance Program;
  • Reservists and members of the National Guard;
  • Current spouses of those stated above;
  • Widowed spouses of US military personnel who died while in active service or due to service-related causes.

For those who would like to avail of the Patriot Express Program of the SBA, it is important to understand that they are required to guarantee 20% or more of the amount they wish to borrow from the lending institutions and participating banks. This personal guarantee can be covered in the form of sufficient business collateral and personal assets.

The SBA Patriot Express Program has helped hundreds of veterans and military personnel to lead financially stable lives even after their life in the military forces. One story of success is about Craig Hartzell, owner and founder of Azimuth Inc.

In the early years of his company, Hartzell experienced a lot of hardships before his company established a strong foothold in the defense contracts industry. With SBA-backed loans, Hartzell managed to steer his company from financial ruin and into success. Hartzell was also named as the 2010 Small Business Person of the Year by the SBA. Like Hartzell, many US military veterans can have the opportunity to start their own business and become free from financial worries with the SBA Patriot Express Program.

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SBA Patriot Express FAQs

What is the SBA Express Loan Program?

The SBA Express Loan Program is a loan program that features a quicker turnaround time then their other loan products.


What is the SBA Patriot Express Loan program?

The SBA Patriot Express Loan Program was a program that allowed veterans to get business loans easier from lenders. The SBA would help guarantee those loans.


What is an alternative lender?

Alternative lenders are typically non-bank lenders who specialize in specific loan products designed to meet specific short-term needs. Merchant cash advance, ACH lending, equipment lending, and AR factoring are examples of alternative lenders.


Can I trust online lenders?

Most alternative lenders are found online. There are many reputable online lenders who have good reputations and provide valuable services. Like any online service, it is important to exercise caution as some online lenders are better than others.


What does Lendio do?

Lendio is an online service that connects banks, credit unions, and online lenders to small business owners seeking financing for their businesses. After completing a brief questionnaire, the borrower is matched to the lender(s) that will likely best meet their financing needs. The service is free to small business borrowers. Visit Lendio to find out which of their small business loans is best for you.

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