ABOUT MBECP
We are a FinTech company providing a full range of financial solutions that allow businesses to grow and scale by managing their cash flow effectively. In 2019, MBECP financed over $1.7 billion and was named to Inc. 5000 List in 2020. At MBE Capital Partners (MBECP), we have been and continue to be committed to helping small businesses navigate challenging times.
Our Results
SBA-approved lender
Funded $309M loans in PPP 1.0
Processed 13,000 PPP 1.0 applications
Average loan size of $20,730
50% of loans went to Sole Proprietors
Our Promise
Direct lender underwriting all loans
SBA approved lender
Intuitive online application
Dedicated client experience team
Seamless user experience
Types of Businesses Eligible for PPP 2.0 Loan
Included but not limited to…
SMALL BUSINESSES
Examples Include:
Doctors
Lawyers
Day cares
Restaurants
Accountants
CONTRACTORS
Examples Include:
Artists
Drivers
Beauticians
Clergy and Lay Ministers
Landscapers & Painters
NONPROFITS
Examples Include:
Senior Centers
Religious Institutions
After School Programs
Homeless/Domestic Shelters
Educational Entities
PPP 2.0 Loan Calculations
The formula for determining the amount of a PPP 2.0 loan has been changed based on industry.
For entities with NAICS Codes beginning with 72 (the hospitality industry) the payroll multiple is 3.5. For all other NAICS Codes use the 2.5 multiple.
To find your NAICS code, CLICK HERE.
Required Documentation by Business Structure
SOLE PROPRIETOR without EMPLOYEES
REQUIRED DOCUMENTATION
IRS Form 1040 Schedule C
IRS Form 1099-MISC
CALCULATION OF LOAN AMOUNT
On Schedule C:
Add line 26 + 31
Divide by 12
Multiply by 2.5
SOLE PROPRIETOR with EMPLOYEES
REQUIRED DOCUMENTATION
IRS Form 1040 Schedule C
IRS Form 941s Q1 to Q4 OR annual 944
CALCULATION OF LOAN AMOUNT
On Schedule C:
Add line 26 + 31
Divide by 12
Multiply by 2.5
PARTNERSHIPS OR LLCs without EMPLOYEES
REQUIRED DOCUMENTATION
IRS Form 1065 Schedule K-1
CALCULATION OF LOAN AMOUNT
On the K1:
Line 14
Divide by 12
Multiply by 2.5
PARTNERSHIPS OR LLCs with EMPLOYEES
REQUIRED DOCUMENTATION
IRS Form 1065 Schedule K-1
IRS Form 941s Q1 to Q4 OR annual 944
CALCULATION OF LOAN AMOUNT
On the K1:
Line 14
Divide by 12
Multiply by 2.5
S or C CORPORATIONS
REQUIRED DOCUMENTATION
IRS Form 941s Q1 to Q4 OR annual 944
CALCULATION OF LOAN AMOUNT
On the 941 or annual 944:
Add Q1 to Q4 wages from 941s or annual 944
Divide by 12
Multiply by 2.5
NONPROFITS
REQUIRED DOCUMENTATION
IRS Form 990
IRS Form 941s Q1 to Q4 OR annual 944
CALCULATION OF LOAN AMOUNT
On the 941 or annual 944:
Add Q1 to Q4 wages from 941s or annual 944
Divide by 12
Multiply by 2.5