How It Works
1
Apply Online or By Phone
The process starts by clicking the ”Apply Now” button and completing our one page application. Once submitted, a highly experienced specialist will contact you directly to discuss your options.
If you prefer, give us a call at 888-308-5859 Mon-Sat 9:00-5:00 EST
2
Same Day Approvals
A large percentage of the merchants we fund receive approvals the same day they apply. Our process is quick, our underwriting decisions strategic. We based our approvals on many factors, least of which is personal credit. We prefer to let the business speak for itself.
3
Get Funded!
Once you’ve accepted a funding offer verbally, terms will be drawn up for your review and execution. This is typically done electronically so that the funds are made available before the close of business, or latest the following business day.
Submit your inquiry
Please fill out the Contact Request Form below and a designated specialist will get back to you shortly.
Our funding requirements are straight forward.
If you meet the following criteria you’ll likely gain access to the capital you need.
✓ Time in business 6 months or greater
✓ Must have an active business bank account
✓$8000 or more in monthly deposits
✓ 500 FICO score or above
✓ Ability to handle the debt service
Industries We Serve
Auto & Trucking
✓ New & used auto
✓ Mechanic shops ✓ Trucking ✓ Towing ✓TransportConstruction
✓ Contractors
✓ Plumbers ✓ Electricians ✓ HVAC ✓ BuildersMedical
✓ Dr’s Office
✓ Dental ✓ Medical Supply ✓ Clinics ✓ SpecialistRetail
✓ Liquor
✓ Apparel ✓ Grocers ✓ Retail Shops ✓ PharmaciesHospitality
✓ Restaurants
✓ Bars ✓ Catering ✓ Hotels/Motels ✓ Salons/SpasOthers
✓ Day Care
✓ Home Based ✓ Gas Stations ✓ and MORE!Merchant Cash Advance:
A merchant cash advance (MCA) is typically structured as a lump sum payment to a business in exchange for an agreed-upon percentage of future receipts. An MCA is the quickest way to fund any business with a steady revenue stream.
Receivable Factoring (Recourse and Non-Recourse):
A method of funding your accounts receivable portfolio.The factor advances your company a designated percentage of the face value of the invoice. The invoice is then paid by the customer to the factor, and the factor pays you the rebate, minus their fees.
Unsecured Term Loans and Equipment Financing:
A term loan is a predefined amount of capital that is repaid in regular payments over a set period of time. Unsecured term loans usually last between 1 and 3 years. Equipment financing typically offers monthly payments with terms not exceeding 5 years.
Business Line of Credit:
A business line of credit is a financing instrument that provides flexibility not found with a traditional term loan. With a business line of credit, you can borrow up to a certain limit — say, $50,000 — and pay interest only on the portion of money that you use.
Apply for a Line of CreditSmall Business Administration (SBA):
SBA loans are business loans guaranteed by the Small Business Administration. With multiple funding programs, this government agency provides SBA loan guarantees of up to 85% of the loan amount provided through an SBA-approved lender—typically banks. Expand your business with a loan guaranteed by the SBA
About Us
MGM Capital Funding is a company dedicated to ensuring businesses like yours have the working capital they need to grow and thrive. Whether it’s new equipment, inventory, workforce expansion, special project financing or simply additional working capital, MGM is well positioned to meet and exceed your expectations.
Our teams ability to get the job done when traditional measures fail, is paramount to our success. Our only goal is to satisfy each of our clients unique capital needs to the fullest, ensuring a successful relationship for years to come.Why We Do This
Simply put, we’re a group of entrepreneurs just like the business owners we serve. True capitalists at heart, we love it when a plan comes together. There’s an amazing drive and sense of satisfaction that come to us during and after every deal we fund.
Just knowing we are a part of something greater than ourselves is truly satisfying.We fund businesses, even if banks turned them away.
Take the next step and access the capital you need!
GET STARTED NOWContact us
Get in touch
Address:
70 East Sunrise Highway, Suite 500
Valley Stream, NY. 11581Phone:
+1 888-308-5859