Veterans have done our country a tremendous service, and many of them continue to make contributions through entrepreneurship and business endeavors after they have returned home.
The Small Business Administration (SBA) has designed a program specifically to make it easier for veterans to obtain business loans—it’s called the Express Loan Program.
What is the Express Loan Program?
The Express Loan Program is a special platform designed by the SBA expressly for former members of the military.
What are the perks of the program?
From now through September 2014, the SBA has set the upfront fee to zero for all veteran loans, up to $350,000. This makes it much cheaper for veterans to borrow money for business initiatives, capital, and other expenses.
Moreover, the SBA review turnaround time is accelerated, meaning that you will receive feedback or response on your application within 36 hours. That’s a real perk in comparison to the average turnaround time! Since this platform was first introduced, it’s become one of the most popular loan delivery methods in the SBA.
How can you get started?
Prepare your application by writing up a business plan, checking your credit history, and ensuring your application is free of errors. Biz2Credit has many resources to help you out, including a website full of tips and advice and loan specialists who will help you design a business loan checklist. Visit the website or call (877) 861-2210 for help. There is even a special veteran’s page:https://www.biz2credit.com/business-loan/veteran-loans