WHO: Miguel Moralez, Veterans Business Development Officer promoting business ownership for veterans, financing options to start or grow a business, managing and expanding a business.
WHAT: A Veterans Business Development Officer from the New Hampshire District Office, U.S. Small Business Administration, will be available at the Amoskeag Business Incubator to provide the military community members full access to the SBA’s range of programs and services, including thebenefits of SBA’s Patriot Express program for veterans. No appointment is necessary.
WHEN: Friday, September 30, 2009 11:00 a.m. -1:00 p.m.
Friday, October 30, 2009 11:00 a.m. – 1:00 p.m.
Monday, November 30, 2009 11:00 a.m. – 1:00 p.m.
WHERE: Amoskeag Business Incubator – 33 South Commercial Street- Manchester, NH
In just two year’s time, the U.S. Small Business Administration’s Patriot Express Pilot Loan Initiative has supported more than $315 million in loans to more than 3,750 veterans and their spouses who are using the SBA-guaranteed funds to establish and expand their small businesses.
Patriot Express, launched June 28, 2007, builds on the more than $1 billion in loans SBA guarantees annually for veteran-owned businesses, and the counseling assistance and procurement support it provides each year to more than 200,000 veterans, service-disabled veterans and Reserve members.
Patriot Express is a streamlined loan product based on the agency’s highly successful SBA Express Program, but with enhanced guaranty and interest rate characteristics. The Patriot Express loan is offered by SBA’s network of participating lenders nationwide and features one of SBA’s fastest turnaround times for loan approvals. Loans are available up to $500,000 and qualify for SBA’s maximum guaranty of up to 90 percent.
Patriot Express is available to military community members including veterans, service-disabled veterans, active-duty service members participating in the military’s Transition Assistance Program, Reservists and National Guard members, current spouses of any of the above, and the widowed spouse of a service member or veteran who died during service, or of a service-connected disability.
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. Details on the initiative can be found at www.sba.gov/patriotexpress.
The SBA and its Office of Veterans Business Development (OVBD) provides comprehensive assistance, outreach and support to veterans. Each year the SBA assists more than 200,000 veterans, service-disabled veterans and reservists. Go to www.sba.gov/vets.
For more information, please contact Miguel Moralez in SBA’s Concord, NH office at (603) 225-1601 or via email at firstname.lastname@example.org. For a full array of SBA services and information offered by the SBA under the Recovery Act, visit our web page at www.sba.gov.