Small Business Grants - Support for Veterans
Page 2

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 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
  Back to Page 1

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 HandsNet - A Human Services News Website.

Additional Resources

category - Small Business Grants

Small Business Innovation Research Phase IIB Bridge Awards
In line with this mission, the NIH has recently constituted the Small Business Innovation Research Phase IIB Bridge Awards to Accelerate the Development of Cancer Therapeutics, Imaging Technologies, Interventional Devices, Diagnostics, and Prognostics Toward Commercialization Program.

---

Historically Underutilized Business Zones - HUBZone Empowerment Contracting Program
The Small Business Administration has established the Historically Underutilized Business Zones (HUBZone) Empowerment Contracting Program wherein they aim to provide federal contracting assistance to eligible small business corporations which are located in underutilized business zones so as to improve their employment opportunities, investments, and their area's economic development.

---

Small Business Innovation Research Phase IIB Bridge Awards
In line with this mission, the NIH has recently constituted the Small Business Innovation Research Phase IIB Bridge Awards to Accelerate the Development of Cancer Therapeutics, Imaging Technologies, Interventional Devices, Diagnostics, and Prognostics Toward Commercialization Program.

---

Common Bean Productivity Research for Global Food Security Competitive Grants Program
In keeping with this mission, the National Institute of Food and Agriculture has recently established the Common Bean Productivity Research for Global Food Security Competitive Grants Program in an attempt to develop approaches and methods that can efficiently address the various challenges facing common bean (Phaseolus vulgaris) production among small holder producers in food insecure countries.

---