Much to my surprise, I received the below information in a press release from the Office of Advocacy of the Small Business Administration. I am not one to get too excited too quickly about anything that the SBA does but maybe, just maybe, this program will actualy help some entrepreneurial spirited AMERICANS start businesses. I get very angry when I hear we are shipping huge amounts of money overseas to help entrepreneurs in other countries when our own AMERICAN entrepreneurs have so much trouble getting help to start businesses.
I’m going to look into this progran a little more and reserve my fonal judgement until such time I see a real incidence of it working.
SBA Approves First Loans Under New Patriot Express Initiative
Lending Partners Coming On Board Quickly, Approving Loans Rapidly Loans Go To Military Service Members, Veterans, and Spouses
WASHINGTON, D.C. – The U.S. Small Business Administration (SBA) today announced that the agency and its network of lenders have already approved more than 20 loans under the Patriot Express Pilot Loan Initiative for military community entrepreneurs, rolled out one month ago.
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.
I will keep you al posted…