Patriot Express Loans were offered by the Small Business Administration (SBA) from 2007 to 2013, when the pilot program ended. Patriot Express Loans offered veteran-owned businesses loans at reduced interest rates and fees, with an expedited approval process. When the program concluded, many of the advantages offered became available through the SBA Express Loan program….
About the Author
Tricia Tetreault
Tricia Tetreault is a junior finance writer at Fit Small Business, specializing in Small Business Finance. She holds a Master's in Business Administration from Champlain College and has spent the majority of her career working in federal government lending.
When she's not helping small businesses find the best financing opportunities, Tricia enjoys adventuring with her two children around her home in Vermont.
×
Get Our Best Financing Articles Delivered Weekly!
(Only if you want to get insider advice and tips)
×
Get Our Best Financing Articles Delivered Weekly!
(Only if you want to get insider advice and tips)
6 Best Small Business Loans for Veterans 2019
You’ve served our country, and now you need a loan for your small business. We’ve identified the six best small business loans for veterans. Whether you need seed money for startup or a short-term loan for working capital, these loans are set up with features and benefits specifically for veteran-owned businesses. Top Six Small Business…
×
Get Our Best Financing Articles Delivered Weekly!
(Only if you want to get insider advice and tips)
×
Get Our Best Financing Articles Delivered Weekly!
(Only if you want to get insider advice and tips)
6 Best Unsecured Business Loans 2019
Some business owners can’t or don’t want to pledge specific assets, personal or business, as security for a business loan. Even so, many traditional lenders require business loans to be supported by collateral, such as real estate or equipment. As we understand many borrowers prefer unsecured business loans, we’ve reviewed the best unsecured finance providers….
×
Get Our Best Financing Articles Delivered Weekly!
(Only if you want to get insider advice and tips)
×
Get Our Best Financing Articles Delivered Weekly!
(Only if you want to get insider advice and tips)
Small Business Debt Consolidation Loan: When to Consolidate Business Debt
A small business debt consolidation loan can lower your interest rates and reduce the size of your payments by taking your existing debts and refinancing them into one loan. Knowing when the timing is right for business debt consolidation depends on the terms of your existing debt, your business’s current finances, and your personal creditworthiness….
×
Get Our Best Financing Articles Delivered Weekly!
(Only if you want to get insider advice and tips)
×
Get Our Best Financing Articles Delivered Weekly!
(Only if you want to get insider advice and tips)
50 Best Franchises & 50 Worst Franchises by SBA Default Rates
Over 100,000 franchises are started in the United States annually. However, not all franchises are created equally. Using loan data obtained directly from the Small Business Administration (SBA) for 2000 – 2018, we evaluated the 50 best franchises based on SBA loan repayment rates and the 50 worst franchises based on SBA loan default rates….
×
Get Our Best Financing Articles Delivered Weekly!
(Only if you want to get insider advice and tips)
×
Get Our Best Financing Articles Delivered Weekly!
(Only if you want to get insider advice and tips)
VA Business Loans: Definition, Cost, Features, & Providers
VA business loans are specifically for veteran-owned businesses. While the Veterans Administration does not offer business loans, a number of providers do. If you have served in the armed forces, or are the spouse or immediate family member of a veteran and are seeking business financing, you may be eligible for a VA business loan….
×
Get Our Best Financing Articles Delivered Weekly!
(Only if you want to get insider advice and tips)
×
Get Our Best Financing Articles Delivered Weekly!
(Only if you want to get insider advice and tips)
Unsecured Business Line of Credit: What It Is & How To Get It
An unsecured business line of credit is a financing product that allows you to draw and repay the funds over and over again without having to reapply or pledge collateral to secure the loan. Not all businesses have collateral that they can use to secure their financing, making an unsecured business line of credit ideal….
×
Get Our Best Financing Articles Delivered Weekly!
(Only if you want to get insider advice and tips)
×
Get Our Best Financing Articles Delivered Weekly!
(Only if you want to get insider advice and tips)
Best SBA Lenders: Top 100 SBA Lenders
With more than 3,000 SBA lenders nationwide, choosing the best SBA lender can be difficult. Some of the best lenders approve average SBA loan amounts ranging from $75K to $1.5 million, with rates averaging 6.5% to 9.4%. We’ve listed the top 100 SBA lenders, providing reviews for 10 of the best. SmartBiz, our recommend SBA…
×
Get Our Best Financing Articles Delivered Weekly!
(Only if you want to get insider advice and tips)
×
Get Our Best Financing Articles Delivered Weekly!
(Only if you want to get insider advice and tips)
Inventory Financing for Small Businesses: Costs, Terms & Where to Find
Inventory financing is a short-term loan or line of credit used by businesses to purchase inventory. Inventory financing is typically secured by your existing inventory with no need to pledge personal collateral. Annual percentage rates (APRs) can range from 12% to 60%. Inventory financing is commonly used to prepare for busy seasons or fill large…
×
Get Our Best Financing Articles Delivered Weekly!
(Only if you want to get insider advice and tips)
×
Get Our Best Financing Articles Delivered Weekly!
(Only if you want to get insider advice and tips)
Merchant Cash Advance: The Small Business Owner’s Guide
A merchant cash advance (MCA) is a financing product wherein businesses receive funds upfront in exchange for a fixed percentage of their daily credit card receipts. MCA providers charge a cost of capital of 1.1x to 1.5x the amount advanced (~ 80% to 120% APR), and repayment is taken automatically from your credit sales. MCAs…
×
Get Our Best Financing Articles Delivered Weekly!
(Only if you want to get insider advice and tips)
×
Get Our Best Financing Articles Delivered Weekly!
(Only if you want to get insider advice and tips)
6 Best Peer-to-Peer Business Lending Options 2019
A peer-to-peer (P2P) business loan is a financing product where the funding comes from a group of investors rather than a traditional lender. Peer-to-peer business lending is often easier to qualify for and offers lower interest rates than financing through traditional lenders. P2P business loans fund businesses that may not be able to get funding…
×
Get Our Best Financing Articles Delivered Weekly!
(Only if you want to get insider advice and tips)
×
Get Our Best Financing Articles Delivered Weekly!
(Only if you want to get insider advice and tips)
Trucking & Freight Factoring ― How It Works & Top Companies
Freight factoring ― also referred to as trucking factoring ― is a form of invoice factoring that allows transport companies, including owner-operators, to turn unpaid invoices into immediate cash. It is common for a trucking company to use freight factoring to cover cash flow gaps while they wait to be paid by their shippers or freight brokers. If…
×
Get Our Best Financing Articles Delivered Weekly!
(Only if you want to get insider advice and tips)
×
Get Our Best Financing Articles Delivered Weekly!
(Only if you want to get insider advice and tips)
