SBA Patriot Express Loan Program

The new Patriot Express loan is offered by SBA’s network of participating lenders nationwide and features our fastest turnaround time for loan approvals.  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 take all available collateral.

Patriot Express Loan Forms

• Patriot Express Brochure
• Borrower Information Form
• Loan Checklist
• Bank Application

Terms & Rate

Interest Rate: Variable rate based on prime.

Patriot Express loans feature SBA’s llowest interest rates for business lloans, generally 2.25 percent to 4.75 percent over prime depending upon the size and maturity of the lloan. 

• 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.

Eligible Uses

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.

Benefits

Benefits of the Patriot Express Program include:

• Larger lines of credit than other SBA programs
• Term loans with longer amortizations
• Lower equity investment requirements
  

Borrower's Fees

A one-time commitment fee starting a 1.5% to 1.75% of loan amount.

FAQ's (Frequently Asked Questions)

Q: How do I know if I am eligible for a SBA Patriot Express loan?
A: You must be veteran or an eligible member of the military community, which includes:

• Veterans with an honorable discharge
• Service-disabled veterans
• Active duty service members eligible for the military's Transition Assistance Program o Reservists and National Guard members
• Current spouses of any of the above or Widowed spouses of a service member that died during service or of a service related disability

Q: What can an Patriot Express loan be used for?

A: The patriot express loan can be used for:

• Working Capital
• Inventory
• Business Acquisitions
• Equipment
• Real Estate
• Debt Refinancing

Q: Do I qualify for a loan if I have bad credit?
A: BCL of Texas required a 620 and above credit scoore. 

Q:  What if I have additional questions?
A: Please feel free to contact us - call us at (888) 241-2215, or email us at askus@bcloftexas.org