business-people

Paycheck Protection Loans

Apply Now for a Paycheck Protection Program (PPP) Loan for Coronavirus Relief

The US Government has responded to the COVID-19 pandemic with the Coronavirus Aid, Relief and Economic Security Act ("CARES Act"), which includes a new SBA 7(a) Loan Program designed to help franchisees and other small businesses in this time of crisis.

Get Paid Faster

MBECP wants to help your business grow into its fullest potential.

Close Bigger Deals

Our goal is to provide you with the best financial solution that fits your needs.

Never Turn Business Away

In need of access to capital? Email us at info@mbecp.com for more information!

PPP loan required documentation by business structure

SOLE PROPIETORS

SOLE PROPRIETOR without EMPLOYEES

REQUIRED DOCUMENTATION

2019 IRS Form 1040 Schedule C
2019 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

2019 IRS Form 1040 Schedule C
2019 IRS Form 941s Q1 through Q4 OR 944 for the year

CALCULATION OF LOAN AMOUNT

On Schedule C, add line 26 + 31
Divide by 12
Multiply by 2.5

LIMITED LIABILITY COMPANIES

PARTNERSHIPS OR LLCs without EMPLOYEES

REQUIRED DOCUMENTATION

2019 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

2019 IRS Form 1065 Schedule K-1
2019 IRS Form 941s Q1 through Q4 OR 944 for the year

CALCULATION OF LOAN AMOUNT

On the K1, line 14
Divide by 12
Multiply by 2.5

S or C CORPORATIONS

REQUIRED DOCUMENTATION

2019 IRS Form 941s Q1 through Q4 OR 944 for the year

CALCULATION OF LOAN AMOUNT

Add Q1 to Q4 wages from 941s or 940
Divide by 12
Multiply by 2.5

NON-PROFITS

ELIGIBLE NONPROFIT without EMPLOYEES

REQUIRED DOCUMENTATION

2019 IRS Form 990
2019 IRS Form 1099-MISC

CALCULATION OF LOAN AMOUNT

On 990, line 12 + 21
Divide by 12
Multiply by 2.5

ELIGIBLE NONPROFIT with EMPLOYEES

REQUIRED DOCUMENTATION

2019 IRS Form 941s Q1 through Q4

CALCULATION OF LOAN AMOUNT

Add Q1 to Q4 wages from 941s
Divide by 12
Multiply by 2.5

* You must have a bank account in the name of the business for which you are applying. The business name of the application must match the bank account name
* Independent contractors and sole proprietor, you must use your legal individual name