Langley Federal Credit Union Offers Patriot

NEWPORT NEWS, VA — Langley Federal Credit Union now offers Patriot Express Loans to eligible military community members. Patriot Express loans can be used for most business and franchise purposes, including start-up, expansion, equipment purchases, working capital, inventory or business related real estate purchases.

"The ability to offer Patriot Express Loans to the military community opens new opportunities for the credit union," said President/CEO Jean Yokum. "It's great to be able to help our military members with small businesses."

Patriot Express Loans are available up to $500,000 and feature SBA's lowest interest rates for business loans, generally 2.25% to 4.75% over prime depending on size and maturity of the loan. 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 the military, and widowed spouses of a service member or veteran who died during service or of a service-connected disability.