In four years the U.S. Small Business Administration's Patriot Express Pilot Loan Guarantee Initiative has provided more than $633 million in loans to 7,650 veterans to start or expand their small businesses.
Launched in June 2007, Patriot Express, a pilot loan product, offers an enhanced guarantee and interest rate on loans to small businesses owned by veterans, reservists and their spouses.
Credit unions have been among lenders participating, including Mazuma Credit Union helping finance a Quizno's sandwich shop franchise in Kansas.
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