I think if you sign the promissory note you’re all set. I got matched with them through Lendio and signed the promissory note... it has been over 10 days but it seems like this company MBECP is a scam since they sent paper checks to other people in this subreddit and the checks bounced... has anybody had any experience with these people? Bottom line: MBE Capital Partners did a terrible job communicating and were incredibly slow finding my PPP loan. 2 reviews of MBE Capital Partners "This joke of a company wasted 1.5 months "reviewing" my PPP application. I also received loan documents via Docu Sign that looked skeptical and unprofessional but signed and sent back with the requested information to process an ACH into my bank account. 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. I thought whooo a sigh of relief . MBECP seems like a scam. Until I read all of This; I definitely thought I had been scammed .. Same here. When’d you apply? Someone I know got approved pending second signature. Then without warning they cancelled because I hadn't "responded with requested documentation" which is a complete fabrication. level 2. Thank you! I reviewed the DocuSign containing the “promissory note” which was the SBA application. (MBE Capital Partners...) Close. 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. 1 Penn Plaza, Suite 3663. You can't get anyone on the phone. 3. I opened in late October - … Did all that and we haven't received any contact in 23 days. ... have my application in with kabbage but they have started some crazy stuff talking about all apps have been put under review I should here something from them tomorrow tho what do you think about kabbage??? Cookies help us deliver our Services. I emptied that bank account just n case .. thank you all who posted please keep us updated on your progress .. Our goal is to provide small and diverse businesses with the strategic capital they need to: MBE Capital Partners Financing Consultants. Good to hear you got it. I signed and sent a voided check.. afterwards .. then I did the research .. On Sunday night but they told me on Monday that my app was good just looking to match me with a lender I also have my application in with kabbage but they have started some crazy stuff talking about all apps have been put under review I should here something from them tomorrow tho what do you think about kabbage??? Press J to jump to the feed. I too am in this MBE Capital Partners mess. Did you see the reviews on Google? What day did you get approved, ACH , when signing e docs they required voided check 1, Yup I did all that about ten days ago. The Registered Agent on file for this company is Mbe Capital and is located at 1 Penn Plaza Suite 3663, New York, NY 10119. But I did finally receive my funds May 29, 2020 via ach 23 days after approval. Mbe Capital Partners LLC is a New York Domestic Limited-Liability Company filed on March 3, 2015. By using our Services or clicking I agree, you agree to our use of cookies. Haven’t heard back from them. I signed DocuSign last Wednesday. Yess I have applied May 29th , smh just got funded today , e signed docs last week Thursday It was a struggle but thank God I made it through They said they are very overwhelmed, Woah that’s crazy... did they send ACH transfer or through a check? Bluevine 2 months ago.. so I didn’t Pursue it .. so after I get the mysterious email .. New York, ... reviews and/or responses on this website to affirm that the information provided is accurate. Some finally received funding.. in my research I. came across.. Information that Magic Johnson had donated 100million grant for black Owned business or small business unable to obtain other sources of financing ..MBE CP partnered with Magic Johnson to be responsible for controlling the funds .. I will do likewise . Contacted almost every possible number. How long after signing your docs did you receive funding in your bank account? Paycheck Protection Program & Economic Injury Disaster Loan Discussion for the 2020 COVID-19 disaster. Anyone been able to contact anyone over there ? I came across post from different sources saying they Are a fraudulent bank ..scam..and then read on Reddit they are legit. Hello. https://www.consumerfinance.gov/complaint/getting-started/, I’m still waiting on Lendio to match me with a provider how long did that take you. The information contained was correct .. According to SBA guidelines any lender has 7-10 business days to fund the loan .. so technically count business days.. thank you all for posting August 5 2020 I get a email from MBE CP I never recalled applying for my business at any point with this lender ..in fact I had been denied by Kabbage? Do you guys have any idea what that means? The company's filing status is listed as Active and its File Number is 4719338. Press question mark to learn the rest of the keyboard shortcuts. It’s so freaking complicated. But I did finally receive my funds May 29, 2020 via ach 23 days after approval. A month and a couple days to be exact. Applied May 27th, got.approved July 20th, still waiting for money. 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. Original post: Has anyone actually received PPP funds through MBE Capital Partners LLC? Bottom line: MBE Capital Partners did a terrible job communicating and were incredibly slow finding my PPP loan. I NEVER WRITE REVIEWS BUT I HOPE THIS HELPS EVERYONE GET THEIR LOAN QUICKER. Posted by 1 month ago. About 5 days later received an emailed check to print & deposit - which I did. I called them no less than 3 times and emailed them 4 times to check on the status.
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