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The Patriot Express Loan is provided to members of the military community including service disabled veterans, veterans, widowed spouses of a veteran or a service member who died during service or of a service connected disability, and active-duty service members who participated in the military's transitions assistance program. However, the grant of this loan gives a level of authority to the lender who makes sure that the loan is used exclusively for business purposes only.
The SBA is dedicated to lend a hand to the service people in America and directly links with the Patriot Express Loan for veterans who desire to initiate their own business and want to start commercial activities. The SBA also plays a role in encouraging growth and job creation during the process, which is an indispensable part to support economic prosperity. |
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The role of the SBA in monitoring lenders is critical in the Patriot Express Loan process. It's the SBA's duty to observe whether the lender is taking reasonable measures to ensure that the debt is solely and exclusively used for small commercial purposes. All this work is carried out with appropriate proof and verification to get hold of guaranteed loans from federal agencies.
Unfortunately, the SBA is unable to grant special loan programs and funds to help either disabled persons or veterans. However, these people are still eligible for the rest of SBA's loan guaranty programs. Moreover, veterans are entitled for SBA's special consideration under the loan guaranty program. Lenders are expected to make clear specifications that all loans provided by them must only be used for commercial reasons. On the other hand, small business loans for veterans have lower interest rates and the fees cannot be charged before the Patriot Express Loan is provided to the borrowers.
Small Business Grants - Support for Veterans
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About The Author Michael Saunders is an editor of TopGovernmentGrants.com. He edits a site on Government Grants for Women Owned Businesses and also edits Website on Government Grants for Small Business. |
Additional Government Grants Resources
Grants From The National Science Foundation
Since its creation in 1950, the National Science Foundation has been constantly promoting the progress of science by way of advancing national health and prosperity and financially supporting research and development studies in all the non-medical fields of science and engineering.
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Centers for Material Life Cycle Safety Program
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Keystone Home Loan PLUS Program
The Pennsylvania Housing Finance Agency has constituted the estbalishment of the Keystone Home Loan PLUS Program wherein it aims to offer the lowest PHFA interest rate to first time home buyers in the State of Pennsylvania.
Exploratory Clinical Trials for Small Business Grant Program
The National Institutes of Health has formed a partnership with the National Institute of Neurological Disorders and Stroke (NINDS) in order to establish the Exploratory Clinical Trials for Small Business Grant Program wherein they aim to establish a vehicle for Small Business Concerns (SBCs) in the process of submitting Small Business Technology Transfer (STTR) grant applications for exploratory clinical trials directly to the NIND
SMART Grants - Educational Grants for the Student of Math, Science and Languages
National Science and Mathematics Access to Retain Talent (SMART) Grants assist those undergraduate postsecondary students that major in foreign languages or certain designated technical fields. Financial grant assistance is provided on need-basis to help these students meet their educational expenses.
Grants From The Department of Commerce
In this article, you will discover the services offered by the Department of Commerce as well the different programs that could potentially help you in which ever way possible.
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