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    7 Replies Latest reply on May 16, 2008 12:21 PM by TJMorehead

    New Franchise looking for SBA funding

    washclark Newbie
      Hopfully someone can point me in the right direction. I'm a disabled vet who has been recently been approved for a well known franchise with global name recognition. I'm looking for a SBA loan in the Patriot Express variety. The banks I have approached so far have asked for 30% down and collateral. The SBA website gives very different information. It states the SBA will guarantee 75% of the loan and no collateral is needed unless I exceed 350,000.00. I don't intend to take out that much. Since this is a start up I understand there is a degree of risk. Does anyone know of a lender who works in Patriot express loans for start ups?

       

      thanks for your help

      Paul