The M5 Loan™ is a military only variant of the SBA 7A EXPRESS LOAN Founded by a Veteran for Veterans, Active Military or their Spouses

Requirements to qualify for an M5 Loan®

M5 Loan®

-Military Status

   Verification of military status (i.e., DD-214 or current LES)

-Debt

  Outstanding credit card debt (not to exceed $15,000)

-Credit

  Credit score must by 685 or higher

-Cash

  Start-ups and new businesses in operation less than 2 years require minimum cashcontribution of 10% of the loan amount from      non-borrowed sources

-Liquidity

  Personal liquidity of $20,000 (includes cash, savings, IRA, etc) or 15% of the loan

-No Bankruptcy, Judgments or Tax Liens

 

-No 912 Issues

   No arrests

SBA 7A EXPRESS LOAN FEATURES

-Use of Funds:

    Business acquisition, startup, equipment, debt refinance, working capital, inventory, tenant improvement, partner buyout

-Industries:

   Most industries qualify, no non-profits

-Loan Types:

   Term loans or lines of credit

-Interest Rate:

  Adjustable or fixed rates available based on WSJ Prime Rate %2.75

-Term:

  10 years-Business acquisition, equipment, tenant improvement 7 years-Working capital, inventory Up to 10 years-Debt refinance

-Amortization:

  Fully amortized, no balloon payments

-Prepayment Penalty:

  None

-Collateral:

  Any available collateral

-LTV/Advance Rates:

   Advance Rate: 75% – Startup 85% – Business acquisition 90% – Equipment 100% – Debt refinance, inventory, working capital,             partner buyout

My Military Financial Services

Our Locations

Jacksonville, Florida
(833)-444-VETS

 

Lauderdale By The Sea, Florida

(833)-444-VETS

Tampa, Florida

(833)-444-VETS

Hours

Mon-Fri: 9am to 5pm
Sat & Sun: By Appointment Only

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