Citizens Bank announced a new offer that enables qualified veteran-owned businesses to benefit from lower loan rates.
Citizens has offices in Delaware and throughout the Delaware Valley.
Citizens Business Banking will offer an interest rate reduction on both SBA and conventional loans for qualified veteran businesses. To qualify, the business must be 51 percent owned by a veteran or spouse of a veteran and must provide veteran validation documentation and proof of ownership.
“Helping our veterans fund and operate their businesses is one of the many ways that Citizens Bank shows our appreciation for the sacrifice that they have made protecting our nation,” said Kevin Ferryman, head of SBA Lending, Citizens Bank. “We are proud to offer this promotion to our veterans, and will continue to offer our gratitude to these brave men and women.”
According to the most recent U.S. Small Business Administration data, veterans owned 2.5 million businesses or 9.3 percent of U.S. firms.
Citizens Bank actively supports veterans community organizations throughout its footprint, and recruits at military bases and other military support organizations to help hire veterans for open positions.
For more information on the new veterans loan program, please call 1-800-4BUSINESS.
Headquartered in Providence, RI, Citizens offers retail and commercial banking products and services to individuals, small businesses, middle-market companies, large corporations, and institutions.
