When you’re ready to finance your business, there are several ways to approach it. In our “Ultimate Guide for Veteran-owned Small Businesses,” we outline the three main types of small business financing: self-financing, equity, and debt financing — with debt financing being the route many companies take once they’re an established business with some revenue under their belt.
Patriot Express Line of Credit: A Patriot Express Program Alternative
The Patriot Express Loan was a very popular SBA program that funded $633 million in SBA-guaranteed loans. Veteran small business owners could get large loans at a very low interest rate, with low fees. Unfortunately, it expired in 2013.
Fortunately, there are other programs that exist to help veteran small business owners get the funding they need. The SBA has since released a similar loan, and StreetShares has created it’s own veteran funding program — the Patriot Express® Line of Credit (not associated with the SBA).