MBS Lending Guidelines
MBS investment partners are direct lenders that offer small business & middle market clients the best intermediate and long term funding solutions that fit your business infrastructure needs as well as opportunity financing. Offering conventional, fixed rate term loans and intermediate capital in amounts between $20,000.00 and $500,000.00 and terms of 1 – 4 years. Our quickest online application takes less than 10 minutes to complete and funding can be made available in 1 – 3 business days.
MBS preferred industries & businesses
Our lending model allows us to serve customers in a wide variety of industries, though there are some industries and situations more suitable for private equity and or other forms of investment funding. See top panel for those direction when appropriate.
Examples: Online Retailers Used Car Dealers, R&D etc. However Unique Opportunity Funding & Investments should be discussed with an account mgr.
More About MBS Financial Fast Loan
- • MBS loan partners are sponsored by Goldman Sachs and Hedge Funds able to fund from decision to close in 1-3 days.
- • No prepayment penalties on our quick loan product; so fund can easily bridge requirements and dissolve loan easily.
- • Borrowers can use loan as a bridge to longer term application processes such as SBA or AR factoring etc..
- • Able to subordinate to all SBA loans, conventional bank loans, AR factoring, equipment lenders and other secured lenders as well.
- • Our quick loan product can either stay in place & sign subordination or be taken out if and when a larger loan facility eventually closes.
- • Partners can call on their existing business owners & offer them additional working capital without having to take them through another collateralized loan process, which they may not qualify for but still need the working capital.
- • MBS term loans are a great alternative for most SBA & conventional bank turn downs.
- • We are “Doc Lite” and completely unsecured, un-collateralized, - we do require a personal guarantor.
- • Our quick working capital loan is an (Unsecured Cash Flow) term loan, 12 – 48 months, twice monthly payment from an auto ACH debit function.
- • We do place a UCC blanket lien but we don’t expect to be a senior to other secured lenders.
- • These loans are priced from 7.99% into mid-teens, a true stated APR versus a “factor rate” on a MCA
- • These loans are priced from 7.99% into mid-teens, a true stated APR versus a “factor rate” on a MCA.
- • Min FICO score 660, so we generally need only one personal guarantee from an owner with at least 20% ownership.
- • Min Two years in business. No Start Ups
- • For deals larger than $75,000., if the tax returns show a loss but the pre tax EBITDA is positive, We look at the EBITDA versus a loss reported on tax return.
- • Regarding any existing funding circle, lending club – ( non MCA, weekly, bi-weekly or monthly payment terms), we generally prefer to refinance them away, take them out and give the business more capital on top of that.; so in those cases – please provide the original terms of those types of loans via a completed debt schedule template form.
- • Business owners with a history of repeating MCA stacking will be auto rejected.
- • Loan sizes of $75,000. or less need the application and 3 bank statements
- • Loan request greater than $75,000. require tax return, YTD financials and a debt schedule in addition to The bank statements. Still very fast turn-around. Days not weeks.
|Requirements||Loans Between $20,000 and $75,000||Loans Between $75,000 and $200,000||Loans Between $200,000 and Greater|
|Annual Sales||Minimum of $100,000||Minimum of $100,000||Minimum $250,000|
|Time in Business||2 Years||2 Years||2 Years|
|Industries||All but some restrictions||All but some restrictions||Preferred Industries Only|
|Bankruptcy/Foreclosures||None in last 3 years||None in last 3 years||None in last 3 years|
|Payment History||No past due payments in the last 12 months||No past due payments in the last 12 months||No past due payments in the last 12 months|
|Percentage of Merchant Cash Advance or High Rate Product||Only 1 - 2 existing high rate loans @ time||Only 1 existing high rate loan @ time of application||None Allowed|
|Maximum Term||1 - 3 years||2 - 3 years||4 years|
|Bank Statements||3 months of Bank Statements||3 months of Bank Statements||3 months of Bank Statements|
|Tax Returns||2 Most Recent Tax Returns||2 Most Recent Tax Returns||2 Most Recent Tax Returns|
|Financials||Year to Date Financials||Year to Date Financials||Year to Date Financials|
|Debt Schedule||Only for debt refinanciang request / MCA||Only for debt refinanciang request / MCA||Complete Debt Schedule Required|