Small Business Loans for Veterans

Five Point Capital (800) 317-3404 San Diego CA

Take advantage of the new SBA lending program, the Patriot Express loan, which offers veterans and other eligible members of the military community high loan amounts with SBA backing, the fastest turnaround time for approval and the lowest rates.

Ideal For Veterans and other eligible members of the military community who want to access to funds to start or expand a business. Businesses must meet SBA guidelines.
How it Works Open a SBA Patriot Express loan and take advantage of up to $500, 000. You can use the funds to cover most business needs, including start-up, expansion, equipment purchases, working capital, inventory and more.

The SBA guarantees up to 85% of the loan, so you may be eligible for more funds and/or lower rates, compared to traditional bank financing solutions.

Does it work for you? Ask a Business Banker. Call 1-800-545-0670, Monday through Friday from
7:00 am to 7:00 pm Central Time.

Additional Information

Credit Amount Term Loans $500, 000.
Terms Term Loan — Up to 5 years.
Interest Rates
  • Fixed or variable.
  • Terms less than 7 years: NY Prime + 2.25%.
  • Terms equal to or greater than 7 years: NY Prime + 2.75%.
Collateral Wells Fargo will take a secured interest business assets and/or a mortgage on real estate.
Fees
  • Packaging Fee: 1% of full line size.
  • SBA Guarantee Fee: Loans less than or equal to $150, 000 — 2% of guaranteed line size; Loans greater than $150, 000 — 3% of guaranteed line size.
Underwriting Requirements
  • Personal guaranties by all owners of 20% or more.
  • Adequate business collateral, or personal assets securing personal guaranty, i.e. mortgage on a home.
  • Hazard Insurance.
Financing
  • Loans less than or equal to $150, 000: SBA provides 85% guarantee.
  • Loans greater than $150, 000: SBA provides 75% guarantee.
For More Information
  • Review Frequently Asked Questions.
  • Compare our Small Business Administration financing solutions.
  • Learn how you can use your funds.
How to Apply

Looking for Financing for Your Franchise?
As a national Preferred Lender Program Lender, Wells Fargo makes franchise financing simple and fast. Fund your franchise with a Wells Fargo Small Business Administration solution.


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2010-08-19 08:31:03 by Sparky123

Microloan?

Micro-Loan Program SBA Program Office 8(a) Business Dev. Advocacy Banking Chief Financial Officer Chief Info. Officer Disaster Assistance Entrepreneurial Dev. Entrepreneurship Ed. Faith-Based & Nbd. Prt. Financial Assistance Freedom of Information GCBD Goaling Program Government Contracting Hearings and Appeals HUBZone Inspector General International Trade Investment (SBIC) Lender Oversight Native American Affairs Ombudsman Press Office SBDCs SCORE Size Standards Surety Guarantees Technology (SBIR/STTR) Veterans Womens Bus. Ownership The Microloan Program provides small, short-term loans to small business concerns as well as not-for-profit child-care centers

2007-06-15 08:52:23 by might_help

Patriot Express loan program unveiled by SBA

The Small Business Administration this week unveiled a new loan initiative designed to provide veterans, active duty personnel, Reservists and National Guard members and their families access to low-interest loans of up to $500,000 for their own business ventures.
The Patriot Express loan program will offer both the expedited process of an SBA Express loan with the lower maximum interest rates of the agency's regular 7(a) loans, SBA administrator Steven Preston said at the program's official launch in Washington on Wednesday.
Under the program, qualified applicants could be approved in a single day

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