BRIDGEWATER, N.J. – Financial Resources FCU has completed its first Patriot Express loan under the Small Business Administration’s pilot loan initiative aimed at helping veterans and members of the military community establish or expand small businesses.
The loan went to Dr. Michael Eosso, a veteran of the U.S. Navy, who will be using the funds to help establish his chiropractic office.
Patriot Express loans are available to veterans or other members of the military community and their families. They can be used for start-up costs, equipment purchases, business-occupied real-estate purchases, working capital, expansion and more. Typically, Patriot Express loans feature the SBA’s lowest interest rates for business loans, generally 2.25% to 4.75% over prime, depending upon the size and maturity of the loan.
