The new Patriot Express loan is offered by SBA’s network of participating lenders nationwide and features our fastest turnaround time for loan approvals. Loans are available up to $500,000 and qualify for SBA’s maximum guaranty of up to 85 percent for loans of $150,000 or less and up to 75 percent for loans over $150,000 up to $500,000. For loans above $350,000, lenders are required to take all available collateral.
The SBA has many programs targeted to assist economically and socially disadvantaged individuals, and to help rebuild economically depressed or hurricane shattered communities. According to Joel Szabat, the SBA’s Chief of Staff, “The SBA has only one set of programs designed to help people, not for who they are or where they live, but for what they done.
These are programs the SBA has established to serve those who have taken up arms and risked their lives for our country.“
Patriot Express was recommended to the President by the task force of returning global war on terror heroes, led by the Secretary of Veteran’s Affairs, Jim Nicholson.
There are approximately 1.2 million men and women on active duty, 1.8 million in reserves and the National Guard. Of that total, 1.5 million have been deployed to Afghanistan and Iraq since the war on terror began.
There are nearly 45 million veterans in America today. Veterans are an important part of the small business community. According to the SBA’s statistics, 15% of veterans are self employed.
Patriot Express Pilot Loan Initiative
Overview
The U.S. Small Business Administration has announced the SBA’s Patriot Express Pilot Loan Initiative for veterans and members of the military community wanting to establish or expand small businesses. Eligible military community members include:
Veterans Service-disabled veterans Active-duty service members eligible for the military’s Transition Assistance Program Reservists and National Guard members Current spouses of any of the above The widowed spouse of a service member or veteran who died during service or of a service-connected disability
Eligibility for Reservists and National Guard members is limited to current members of the Reserve or Guard (and their current spouses). Former Reservists and National Guard members (and their spouses) are not eligible, unless they qualify from active duty as Veterans.
Certified copy of a DD Form 214, which is provided for everyone other than dishonorably discharged veterans is required.
The Patriot Express loan can be used for most business purposes, including start-up, expansion, equipment purchases, working capital, inventory or business-occupied real-estate purchases.
Due to the special nature of Patriot Express, particularly the level of authority and autonomy delegated to lenders under this initiative, SBA is particularly concerned that Patriot Express loan proceeds be used exclusively for business-related purposes. SBA therefore expects lenders to use reasonable methods to ensure that loan proceeds are used for business-related expenses, which means conformance with verification procedures at least as thorough as those used for their non-SBA guaranteed commercial loans. At a minimum, lenders must thoroughly communicate to borrowers that all SBA loan proceeds must be used only for business-related purposes, must clearly set forth that requirement on the loan authorization, and must secure a certification from the borrower that all loan proceeds will be so used.
Patriot Express loans feature SBA’s lowest interest rates for business loans, generally 2.25 percent to 4.75 percent over prime depending upon the size and maturity of the loan. Lenders cannot charge prepayment fees on SBA loans.
Patriot Express – A New Loan Program For the Military Community
30-09-2009 by adminFinance Your Automobiles With Automobile Loans Finance Company at Current Auto Loan Rates
by admin
Do you need auto financing? Is a car your next big purchase? Then get on the road with your own vehicle with good and reputed financial services company automobile loans. If you have been cherishing your dream of owning a used or new car, then get the required financing with Automobile Loans and save a lot of money.
Whether you are looking for a new or used car, a professional financial company can help you in possessing that special car. You can even refinance an existing loan with our highly competitive rates and terms. There is no down payment required and you can finance up to 100% of the value of your car. Isn’t it amazing? It takes only a few minutes to apply online for an auto financing loan and you may get it approved in seconds.
It is advisable to contact some auto financing company before you go shopping so that you may have accurate and genuine information regarding discounted auto insurance and GAP insurance protection. When it comes to auto financing, Credit Union is the ideal place to drop in. Their efficient team will assist you throughout the procedure and help you in getting the best Automobile Loans available in Massachusetts.
You can also apply online for auto financing and get a pre-approved Automobile Loan. There are 24X7 Loan Center helps you in making the right decision to buy the right vehicle for you and your family. The companies do the groundwork for you, eliminating showroom visits, high-pressure sales tactics, waiting around, and driving from lot to lot.
Check out the low loan rates offered and make your vehicle shopping more easy.
Shopping Home Equity Loan Rates
28-09-2009 by admin
If you have been in your home for a number of years and you have established some equity, you may be considering liquidating some of that equity. A great way to do this would be to go with a Home Equity Loan.
A home equity loan allows for you to borrow off of the equity you have established in your home through appreciation and monthly mortgage payments without having to touch your first mortgage.
This is why a home equity loan can also be known as a second mortgage. But before you go and start signing applications, shop around so you can find the best home equity loan rate out there.
There are two types of home equity loans on the market that you have to choose from. The first one is your standard home equity loan with a fixed rate, which of course, is based on prime. This loan you receive in a lump sum and begin to make monthly payments upon it immediately.
The second type of loan is the home equity credit line. This one, as its name implies comes in the form of a line of credit. The home equity line of credit has a rate that is variable, which means it will fluctuate with the prime rate. Many of them come with introductory rates for the first five or six months.
Once approved for a home equity line of credit, you will not receive it in the form of a lump sum. Instead you will receive it in the form of a check book giving you easy access to draw upon it in the amount you would like at your convenience. Once you do draw upon it, you will have to begin paying it back on a monthly basis. Normally in the form of interest only for the first ten years.
Suppose you were to receive a home equity line of credit in the amount of $25,000.00. If you only wanted to borrow $6000.00, than all you would have to do is write out one of the check’s the lender sent you and deposit it into your checking account. Your payment would than be based on the $6000.00 you borrowed from your line.
Keep in mind, home equity credit lines do come with a rate that is variable, and that rate is based on prime. So, if the prime rate goes up, the rate on your home equity credit line will go up as well.
On the other hand, if the prime rate goes down, than the rate on your home equity credit line will go down.
Mortgage companies are very competitive, so whichever home equity loan you decide to go with, it would be in your best interest to shop around so that you may compare rates.
After allowing for a few loan officers to assess your situation and offer you a rate and product, base your decision on the rate and product that best fits your needs and budget.
Club Card Flyers Printing: How to Make Your Event Invitations Work
by admin
Club card flyers printing provides you with a very cost effective way of marketing your products and events. But if you see your fliers in the trash can hours before your event, it is a sure fire sign that you should evaluate your club card flyer design.
The club cards should embody the look and the feel of your event. Here are some things to consider when you design your club cards:
Creating Club Cards for Formal Events
• When making the design for flyers to be used in formal events like galas, openings, dinners, product launching and induction ceremonies, your flyers should have an air of credibility. The look should be official, sophisticated, and formal.
• Size is also an important factor to consider. On events like baptismal parties, wedding ceremonies, receptions or golden anniversaries, you should consider using a 5×7 inch club card flyer as invitations. Why? Because a 5×7 inch club card flyer gives you just enough space to hold texts or messages. The more 5×7 postcard sufficiently accommodates more text that allows you to personalize your postcard further. You can use short poems or any type of prose, a list of principal sponsors, personal messages even gift registry.
Employee Discount Programs Offer Great Benefits to Organizations
27-09-2009 by admin
Many corporations are recognizing the benefits of offering their employees access to great discounts and corporate perks on products and services they normally buy anyway. A fast-growing trend among US corporations is to provide what are referred to as employee discount programs, or employee discount incentive solutions, for employees. The purpose of offering the employee discount opportunity is to create greater employee satisfaction and retention. The reason many companies are using this route to help build employee loyalty is that it is generally one of the more cost-effective employee perks that a company can offer.
Employee discount programs give employees the ability to search through various product deals from many merchants. Employees can generally search through the providers and deals and select discounts for the products that are the most appealing to them. Some of the top employee discount solutions are said to save company employees over $1,000 per year for products and services they would normally buy. Merchants view the discount programs as a way to target their message to a focused audience and often offer savings between 10-50 percent off normal prices.
As part of the general movement toward the provision of discounts for employees, many corporations are also outsourcing their employee discount programs to companies that specialize in developing and managing them. There are many benefits to corporations that outsource their programs. Many HR providers say that the cost for specialized services is well worth the investment considering the time and resources saved for the employer, as well as the advanced benefits made available to employees.
Top providers of corporate perk programs usually maintain relationships with hundreds of leading national brand merchants. This vast network of relationships with discount providers allows these discount program providers to offer the broadest and best deals for employees. Additionally, leading developers of employee discount solutions offer advanced technology platforms that enhance the experience for the company and end users. Many offer users the ability to search through a customized web portal in a matter of seconds to find their preferred employee discount.
With the competition for top employees high, corporate image and reputation are important. Companies that can offer better employee perks have a competitive advantage. One of the best benefits of high quality employee discount programs is the ability to monitor stats and usage. HR representatives can review the overall success of their programs while also getting a better sense for which corporate perks are most desired by employees. This enables them to provide the best program for employees and enhances their ability to improve satisfaction and retention.