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SBA's Patriot Express Off to Strong Start

In the four months since its launch, the Small Business Administration's SBA Patriot Express Loan Initiative has produced more than 500 SBA guaranteed loans amounting to $51 million, with an average loan amount of nearly $102,000, the agency announced today.

By Michelle A. Samaad | Updated on November 07, 2007

WASHINGTON — In the four months since its launch, the Small Business Administration’s SBA Patriot Express Loan Initiative has produced more than 500 SBA guaranteed loans amounting to $51 million, with an average loan amount of nearly $102,000, the agency announced today.

Patriot Express is a streamlined loan product based on the SBA Express program. It is available to military community members including veterans, service-disabled veterans, service members leaving active duty, Reservists and National Guard members, current spouses of any of the above, spouses of active duty members, and the widowed spouse of a service member who died during service, or of a service-connected disability.

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