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Military Loan: Us Army
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The special thing about pay day loans military, is its low rate of interest. This is ... the reason why it has been segregated from payday loans given to civilians. Almost every company that offers a payday loan gives the same to a military personnel at special interest rates, which is lower that the usual rate. It is also flexible where a soldier has an option of choosing to repay a loan on the next salary or spread it out over a period of time. There are also special offers from time to time and the time for approval and requirement for documentations is also less.
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The Small Business Administration (SBA) has launched its new “Patriot Express” loan program to help many in the military community open their own businesses. Loans up to $500,000 may be used for most business purposes, including start-up, expansion, equipment purchases, working capital, inventory or business-occupied real estate purchases. Interest rates generally are 2.25 percent to 2.75 percent above the prime rate, based upon the amount and maturity of the loan.
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Authorize an allotment once you get the loan so that Army Emergency Relief can take it directly out of your military pay. They usually give you very good terms for paying them back.
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Personal military loans are available at reasonable interest rates if you know your facts. Army Loans or Air Force Loans are a great way for military members to get their needs met.
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