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Article: Patriot express pilot loan initiative offers new benefits: the new SBA patriot express pilot loan program brings broad appeal to the franchising community and its VetFran partners.(FW FOCUS: FINANCE)
- Article from:
- Franchising World
- Article date:
- September 1, 2007
- Author:
CopyrightCOPYRIGHT 2007 International Franchise Association. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The U.S. Small Business Administration recently introduced a new loan program that is targeted to benefit many U.S. citizens with military service backgrounds and those individuals seeking to transition into private-business ownership. According to the SBA, more than 14 percent of businesses in America are owned by veterans, and the SBA guarantees more than $1 billion annually in loans for veteran-owned businesses. The new SBA Patriot Express Pilot Loan program features an expedited loan application process and can be an effective resource for new franchise operators with prior military service experiences. Additionally, the new program will be available to those concepts ...