WASHINGTON– Marking the celebration of National Military Spouse Day on May 9, the Small Business Administration said nearly 15% of its Patriot Express loans have gone to the husbands and wives of those who are serving or have served in the military,

In the ten months since its launch, Patriot Express has produced 1,304 guaranteed loans amounting to more than $135 million, with an average loan amount of nearly $104,000, according to SBA. There are nearly 900 lenders offering the loans including 52 credit unions. NCUA Board Member Gigi Hyland has encouraged credit unions to align with the loan program.

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