SBA patriot express, SBA veteran loans

SBA Patriot Express

The SBA Patriot Express program offers loans specifically for veterans, members of the military or their spouses looking to start or expand a small business.

Made possible through a partnership between SunTrust and the U.S. Small Business Administration, the loans can be used for business needs such as inventory, equipment, working capital or business acquisition.

It’s easy to apply for the SBA Patriot Express loan — and an SBA expert at SunTrust can guide you through the process.*

To learn more about SBA Patriot Express Loans call 877.370.5108.

What are key terms of the SBA Patriot Express?

  • Apply as a member of the military community
  • Get loans of up to $500,000
  • Enjoy terms of up to seven years

Why choose an SBA Patriot Express?

  • Easy application process
  • Lower down payments than conventional bank loans
  • Excellent service from SunTrust’s SBA experts
SBA Patriot Express Loans
What You Get
Maximum Loan Amount

$500,000

Maximum Term

Up to 7 years

Eligibility

In addition to meeting SBA 7(a) loan eligibility, applicant business must be 51% or more owned/controlled by:

  • Veteran (other than dishonorably discharged)
  • Active Duty Military—potential retiree within 24 months of separation and discharging Active Duty member within 12 months of discharge (TAP eligible)
  • Reservist and National Guard
  • Current spouse of above, service member or veteran who died of a service-connected disability
Owner Equity/Liquidity

Minimum of 10%

Collateral

Generally the assets being financed are used as collateral. Personal assets may be required if the assets being financed do not adequately secure the loan.

Disclaimers

Business must be at least 51% owned by one of the following members of the military community: Veterans (other than dishonorably discharged); Service disabled veterans; Active-duty service member eligible for the military’s Transition Assistance Program; Reservist and National Guard members; Current spouse of above or widowed spouse of service member who died in service or widowed spouse of a veteran who died of a service- connected disability

Industry guidelines are stated as maximums that qualify:
Any and all owners who own 20% or more of the business, are required to unconditionally guarantee. However, anyone with a controlling interest or key role in the business may be required to guarantee.

* Credit subject to normal criteria.

Contact Us

To reach a SunTrust representative:

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  • Are Not Bank Guaranteed
  • May Lose Value

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