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.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Lending