SBA Removes Financial Barriers to Qualified Applicants with Ties to Military
Heritage Bank Ready To Help Veterans & Spouses of Veterans Navigate SBA Applications
If you’re an entrepreneur with ties to the military, a recent Small Business Administration Notice promises to remove financial barriers to SBA Express Loans for qualified applicants.
“I’ve been focused on SBA lending for more than 17 years, and I can attest that the U.S. military is a great training ground for entrepreneurs,” said Mike Crowe, VP, Heritage Bank Director of SBA Lending. “Starting in October, veterans and spouses of veterans can apply for SBA Express Loans without paying the typical upfront fees.”
The upfront fees will be waived for SBA Express loans approved in fiscal year 2023 if the business is at least 51% owned and controlled by a veteran, a spouse of a veteran or active duty service member, or the widowed spouse of a service member who died while in service or as the result of a service-related disability.
Review the SBA Information Notice 5000-836123 for additional details on application requirements, including documentation. Turn to Heritage Bank to explore the full range of SBA options with an experienced banker.
“Heritage Bank specializes in small business banking,” said Crowe. “In addition to lending experience, we offer a full range of products to help small businesses get started and continue to grow.”
Heritage Bank is one of the 10 largest banks in greater Cincinnati and has expanded commercial operations into the Miami Valley. Heritage Bank is resolute about remaining an independent bank.
Heritage Bank. Member FDIC.