Bottom line: MBE Capital Partners did a terrible job communicating and were incredibly slow finding my PPP loan. The PPP loans are being offered through a partnership between EquiTrust Life Insurance Company, which Magic is a majority owner of, and MBE Capital Partners, a non … MBE capital partners While filling out my PPP loan request, the last page says that if line 31 on my schedule ,c from last year is negative, I don't qualify for PPP. But I did finally receive my funds May 29, 2020 via ach 23 days after approval. … EquiTrust will work with MBE Capital Partners, a ... businesses got small business loans through the PPP program." MBE Capital is perfectly positioned to help small and diverse businesses take advantage of this latest round of PPP funding; and the company is an approved SBA lender with over 20 years of experience serving diverse and minority businesses. I opened in late October - … MBE Capital Partners, LLC (MBECP) was established with the strategic objective of providing a suite of capital products designed specifically for small and diverse businesses. MBECP has grown into a company with an international reach, offering alternative financing through Supply Chain, Purchase Order and Inventory Financing. This post has been updated (see below). Original post: Has anyone actually received PPP funds through MBE Capital Partners LLC? The loans are being offered through a partnership of Johnson’s EquiTrust Life Insurance Co. and MBE Capital Partners, a New Jersey-based nonbank lender … Then without warning they cancelled because I hadn't "responded with requested documentation" which is a complete fabrication. They can process up to 5,000 loans per day, utilizing end-to-end online technology to accept, underwrite and transmit the applications to the SBA. You can't get anyone on the phone. Concerns about people of color accessing loans . Magic Johnson's EquiTrust Life Insurance Company will partner with MBE Capital Partners, a private nonbank lender that focuses on disadvantaged small businesses, to offer PPP loans. 2 reviews of MBE Capital Partners "This joke of a company wasted 1.5 months "reviewing" my PPP application. I called them no less than 3 times and emailed them 4 times to check on the status.

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