Transitioning out of the military to the civilian work force is challenging, especially for those who have spent their entire career inside the armed services. A significant percentage transition into civil service or a government-contractor position because it is an identifiable and easy transition. However, there are those who are looking for something more. By Jon Skroder

Transitioning out of the military to the civilian work force is challenging, especially for those who have spent their entire career inside the armed services. A significant percentage transition into civil service or a government-contractor position because it is an identifiable and easy transition. However, there are those who are looking for something more. They are looking for something new and exciting, something that offers a challenge, something that puts their skills and experience to the test. Investing in themselves by becoming a franchise owner may be just for what they are looking.

While former military personnel may have the skills and motivation to pursue franchise ownership, it also requires capital investment. Unfortunately, a good number of these transitioning soldiers, sailors, and Marines don’t meet the financial liquidity requirements needed to receive funding to start a franchise. We want to give those who have served our country a better chance of obtaining their dreams for entrepreneurship. To address this need we have built the M5 Loan® program. Our M5 Loan provides reduced liquidity requirements and special hands-on assistance from our team during the entire SBA lending process. Veterans who are currently transitioning or have transitioned less than a year ago benefit the most from our program, by receiving up to a 50% reduction in the post-closing liquidity requirement. However, our program benefits all veterans and their spouses, no matter what the transition date.

The M5 Loan is a perfect fit for the service-based franchise options, providing funds for initial purchases and a substantial amount for working capital – assuring business success. Undercapitalization is the Number One reason businesses fail and can be avoided by obtaining the correct amount of capital initially.

Jon Skroder

Senior Chief Petty Officer Jon P. Skroder (Retired) is a 26-year Navy Veteran (1993-2019) and current COO of My Military Financial Services. Assignments include NAWS China Lake, CA, Pacific Missile Range Facility, HI, HSL-42 NS Mayport, FL, Weapons and Tactics Unit NS Mayport, FL, HSL-48 Mayport, FL, HSM Weapons School Atlantic, Mayport, FL, HSL-37 KBay, HI, and HSM-40 Mayport, FL. MED/MEF deployments aboard the USS San Jacinto (CG-56) and the USS Monterey (CG-61) and 7th Fleet support deployment aboard the USS Michael Murphy (DDG-112).

Contact: mymilitaryloans.com, Jon Skroder, jon@mymilitaryloans.com