SBA Patriot and Minority Loans

Transaction Size: The maximum SBA loan amount is 500,000.

Processing Time: The loan processing time can vary.

The SBA guarantees more than $1 billion in loans for minority and veteran owned businesses each year. Our lending partners are experts in SBA Minority and Patriot loan lending guidelines. The SBA launched the Patriot Express and Express Pilot Loan initiatives, which offers services for veterans and the military community seeking to establish or expand small businesses. Ultegra partners with the SBA and work closely with a number of lenders to help get you qualified and funded more quickly.

Our lending partners offer low interest rate loans of up to $500,000 with fast approval and a SBA guaranty structure based on loan amount. Patriot Express loans can be for start up, expansion, business-occupied real estate acquisition, equipment purchases or working capital.

Military community members eligible for Patriot Express small business loans include:

• Veterans;
• Veterans disabled in the line of service;
• Active-duty service members who are eligible for the Transition Assistance Program;
• Reservists and National Guard members;
• Current spouses of any of the above; and
• Widows of deceased members or veterans who died from a service–related disability.

Additionally to be eligible for Patriot Express loans the small business must have 51 percent or more owned/controlled by veterans or members of the military community

Source: U.S. Small Business Administration