Small Business Loans

Experienced funding specialists guide our customers into selecting the best suited loan product for their needs.

Financing is essential to small business health. In order to grow, businesses need loans to maintain cash flow, purchase inventory, invest in their business, hire new employees, and purchase equipment. Yet, a study by Harvard Business School indicates that bank loan availability to small businesses reached all time lows during the recession and remains at these low levels today.

MFS Lender has a New Approach to Business Loans

Launched in 2007, MFS Lender makes the small business borrowing process fast and easy. We deliver loan approvals in minutes and funding in business accounts as fast as 1 business day. Instead of focusing on your personal credit score, MFS Lender focuses on the health of your business. MFS Lender has better approval rates than traditional banks.

SBA Loan

Borrow money for working capital, purchasing inventory or equipment, refinancing other debts, buying real estate, or even funding the acquisition of other businesses.

SBA Loan
Term Loan

Similar to a traditional bank loan, which you are lent a set amount upfront. Simply pay back the loan (along with fees) over a set period of time.

Term Loan
Working Capital

Cash available for the day-to-day expenses of running a business and is a measure of both a company’s efficiency and short-term financial health.

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Frequently Asked Questions

  1. 1
    Why is it difficult for small businesses to get financing?

    Lending to small businesses has been slow to recover since the recession. Traditional banks lack an effective way to underwrite small businesses, so many defer to the business owner’s personal credit score as a measure of creditworthiness. It’s also costly to underwrite smaller sized loans – it’s more profitable to make a $2,000,000 loan than it is a $20,000 loan.

  2. 2
    Why is it that MFS Lender can approve so many more businesses?

    We use technology to make financing decisions based on the financial health of the business. We look at a variety of data points when assessing businesses, and are able to provide offers in minutes and funding in as fast as one business day.

  3. 3
    What are the requirements for working with MFS Lender?

    Our minimum requirements much easier than traditional banks. Although we look at a variety of data points when assessing businesses, we require at least $100,000 in annual revenue and 6 months in business.

  4. 4
    How is an MFS Lender loan different from a traditional bank loan?

    MFS Lender is different than traditional lenders in many ways:

    • Our loans are between $5,000 – $1,000,000, with terms between 3 to 24 months. Bank loans typically have larger sizes – up to $20 million – and can have terms anywhere from 2 – 25 years.
    • MFS Lender makes funding decisions in minutes and delivers funding in as fast as one business day, while traditional lenders can take up to two weeks to review the application and an addition 30 – 90 days to fund the loan if approved.
    • MFS Lender also deducts a fixed, daily or weekly payment directly from your business bank account each business day, which helps to reduce impact to your cash flow. Traditionally, banks collect payments on a monthly basis.

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