We're dedicated to keeping it as simple as possible for you to submit a loan to MMG Capital for review. There are only a few required documents for us to be able to present you with a conditional approval. Please visit How to Submit Your Loan. In most cases, an Executive Summary coupled with a personal financial statement or balance sheet from the borrower is enough to render an approval.

As soon as your file is received MMG Capital will review the information and determine whether or not any additional information is required to complete the review of the file for preliminary approval. The entire process will almost always take less than 24 hours and can often be completed in the same day that your file is submitted.

If necessary, MMG Capital will request additional information from you to aid us in the approval process. If no additional information is required, we will either conditionally approve your loan, suggest alternative loan structures that may be more appropriate for an asset-based loan, or tell you why your loan will not fit inside of MMG's guidelines. If at all possible, we will find a way to structure your resources so that you or your borrower can get approved for their requested loan.

If your loan is approved, we will provide you with an acknowledgement of acceptance and a list of proposed terms for your loan. In most cases, we will request that brokers communicate the proposed terms to their borrowers so that the borrower can decide whether or not they would like to accept the MMG Capital Loan based upon the terms provided.

Once the borrower has agreed to basic terms MMG Capital will submit a Letter of Intent to the borrower or to the borrower's broker for signature. The Letter of Intent will need to be signed and returned to MMG Capital. A copy of the executed letter will be provided to the closing attorney to provide an outline for documentation of the loan transaction.

After executing the Letter of Intent, the borrower will be asked to make any required third party deposits for legal, appraisal, environmental or other third party fees. MMG Capital will never receive any fees prior to the closing of a transaction. All deposited funds will be held in appropriate third party accounts and charged against as necessary. Any unused portion will be returned to the borrower. 

Closing will typically occur within 2 to 3 weeks from the date that a fully executed Letter of Intent is received. All broker commissions, lender fees, title fees and attorney fees will be accounted for at closing. The borrower will need to be present at a designated title office or law office to execute final loan docs. Once all documents have been executed and recorded, funds will be disbursed to the borrower or to appropriate parties.