Short-Term Business Loans

​Growing your small business on your own can be very difficult without access to additional business funding. One of the most common ways to raise working capital for your business is through a business loan. banks-business-loans

At Microplus Capital, we want to help you and your small business thrive and can provide you with access to small business loans with funds sent in as quickly as two business days.*

What makes small business loans through Microplus Capital Unique?

Microplus Capital is the market share leader in alternative small business finance. We work hard to get your business approved for funding because we know how important it is for you and your small business.

Furthermore, Microplus Capital can provide you access to the capital you need quickly. Not only can you complete the entire loan application online in 10 minutes or less, but your business can have funds sent in as little as two business days*. Finally, we provide such great service that over 70% of our eligible customers renew with Microplus Capital.

Basic Requirements for Approval

Your business may qualify for a loan if:

Your business has a monthly gross revenue of $4,500 or more.
Your business’s monthly revenue is relatively stable.
Your business has been in operation for at least 4 months.

How much can my small business get?

Microplus Capital can help you access very small to very large small business loans: from $2,500 up to $150,000** for single location businesses and up to $250,000 for multi-location businesses. These loans also have a range of terms from 4 to 24 months. That means your small business can access a short-term loan for inventory, for example, then sell your merchandise and pay off the loan quickly. Or, you can get a longer-term loan and take your time paying back what your business borrowed.

​How fast can my small business get a loan?

Microplus Capital provides access to fast business loans. Our end-to-end online business loan application is quick and easy and business funds are sent in as little as 2 business days upon approval. Get prequalified for a business loan online or over the phone in ten minutes or less!

What can my small business use the loan for?

You have the freedom to use your small business loan for almost any business related need including but not limited to:

Assets: inventory, tools, equipment, vehicles, and technology
Improvements: research and development, business expansion, renovations, and general upgrades
Regular Expenses: payroll, inventory, taxes, accounts payable and advertising

​ Regardless of what you choose to do with your small business financing, you’ll find a few big benefits through Microplus Capital:

No checks! A small, fixed amount is automatically deducted from your business bank account each weekday.
No personal collateral needed.
Approval is based on your business’s strength.
Funding is fast enough to cover unexpected expenses.

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Indicative CMBS Conduit Loan Rates – 10/13/2015

10-Year Fixed-Rate Loan Term (25/30 Yr. Amortization)
LTV/DSCR/DY Spread Range (1) Swap Rate Range (2)
Multifamily 75/1.25/8.5 250 275 1.98% 4.48% 4.73%
Commercial (3) 75/1.25/8.5 250 275 1.98% 4.48% 4.73%
Hospitality 70/1.40/11.0 270 300 1.98% 4.68% 4.98%
Self-Storage 70/1.35/9.0 250 275 1.98% 4.48% 4.73%
10/13/2015 10-Yr Swap Rate: 1.98%
http://ycharts.com/indicators/10_year_swap_rate
(1) Spread and Rate Lower for Low Leverage (50%) Loans > $10 million (approx. 25 bps)
(2) Rate Locked at Closing, Fixed for 10-Yrs (Early Rate Lock Available)
(3) Retail/Office/Industrial
7-Year Fixed-Rate Loan Term (25/30 Yr. Amortization)
LTV/DSCR/DY Spread Range (1) Swap (2) Rate Range (3)
Multifamily 75/1.25/8.5 285 340 1.71% 4.56% 5.11%
Commercial (4) 75/1.25/8.5 285 340 1.71% 4.56% 5.11%
Hospitality 70/1.40/11.0 310 360 1.71% 4.81% 5.31%
Self-Storage 70/1.35/9.0 285 340 1.71% 4.56% 5.11%
10/13/2015 7-Yr Swap Rate: 1.71%
(1) Spread and Rate Lower for Low Leverage (50%) Loans > $10 million (approx. 25 bps)
(2) 7-Yr Swap Rate is Interpolated
(3) Rate Locked at Closing, Fixed for 7-Yrs (Early Rate Lock Available)
(4) Retail/Office/Industrial
5-Year Fixed-Rate Loan Term (25/30 Yr. Amortization)
LTV/DSCR/DY Spread Range (1) Swap Rate Range (2)
Multifamily 75/1.25/8.5 320 400 1.41% 4.61% 5.41%
Commercial (3) 75/1.25/8.5 320 400 1.41% 4.61% 5.41%
Hospitality 70/1.40/11.0 345 425 1.41% 4.86% 5.66%
Self-Storage 70/1.35/9.0 320 400 1.41% 4.61% 5.41%
10/13/2015 5-Yr Swap Rate: 1.41%
http://ycharts.com/indicators/5_year_swap_rate
(1) Spread and Rate Lower for Low Leverage (50%) Loans > $10 million (approx. 25 bps)
(2) Rate Locked at Closing, Fixed for 5-Yrs (Early Rate Lock Available)
(3) Retail/Office/Industrial
LTV: Loan Amount Divided by Appraised Value.  A full-narrative MAI appraisal ordered by
a CMBS conduit lender from a nationally recognized firm (i.e. CB Richard-Ellis)
DSCR: Annual Underwritten Net Cash Flow (w/vacancy & reserves) divided by annual
mortgage payment based on estimated interest rate and amortization schedule
Debt Yield: Underwritten Net Cash Flow (w/vacancy & reserves) divided by Loan Amount

Dell buys EMC for $67 billion

http://money.cnn.com/video/technology/2015/10/12/dell-emc-merger.cnnmoney/
In the biggest tech deal of all time, Dell announced Monday that it has agreed to buy corporate software, storage and security giant EMC for $67 billion.
The deal completes Dell’s transformation from a consumer PC business to an IT solutions provider for companies. That process began when Dell bought Perot Systems for $4 billion in 2009 and went full throttle in 2013 when company founder Michael Dell took the business private.

EMC is a behemoth of a corporate IT business. It is among the largest providers of storage hardware in the world. It also makes servers and owns security company RSA, which is known for its hard-to-crack SecurID tokens. And its most prized possession is its 81% stake in VMware — the company that rules the world of virtualization software that allows businesses to run various operating systems on their devices.

“The combination of Dell and EMC creates an enterprise solutions powerhouse,” said Dell in a prepared statement. “Our new company will be exceptionally well-positioned for growth in the most strategic areas of next generation IT.” Yet both Dell and EMC have struggled lately as new technology trends have largely passed them by (namely: the cloud).

EMC made its name selling companies storage systems for their data centers. Now, cloud companies like Amazon can store all of a company’s stuff for cheaper. It’s no longer in vogue for businesses to operate their own data centers.

Meanwhile, Dell, the world’s second-largest server maker, is facing the same conundrum. As businesses offload their file storage to Amazon (AMZN, Tech30), Google (GOOGL, Tech30) and Microsoft (MSFT, Tech30), many are letting those companies handle their email and Web serving too.

Dell in particular has struggled lately — it was the only top five server maker with falling shipments in the second quarter, according to tech consultancy Gartner.
Both companies have invested heavily in the cloud, but each has encountered a rocky transition. EMC’s stock sunk earlier this year, and it faced an activist shareholder revolt that failed to break up the company. Dell was forced to go private in a (very) leveraged buyout including large amounts of borrowing.

Dell said the company will remain private — for now. The complicated EMC deal will be financed with a significant amount of debt, while VMWare (VMW) will remain publicly-traded.

Whether the two companies will be better off together remains to be seen. But the merger certainly bucks the recent trend of large tech companies getting smaller instead of bigger.

Rival Hewlett-Packard (HPQ, Tech30), for instance, is about to split into two: a consumer PC-focused business and a corporate IT solutions business. EBay (EBAY) jettisoned PayPal earlier this year.

The EMC-Dell merger is remarkably huge. It’s nearly twice as large as the proposed $37 billion tie-up between Broadcom and Avago, the next-biggest tech merger, according to Dealogic.

Source: CNN Money

 

World Bank Raises USD 5.25 billion

The World Bank (IBRD, Aaa/AAA) today priced a dual-tranche transaction raising a total of USD 5.25 billion through USD 4 billion 3-year and USD 1.25 billion 7-year global benchmark bonds.

The transaction was significantly oversubscribed with 145 total orders across both tranches, a total final order book of USD 6.2 billion and strong official institution, bank treasury and fund manager participation. The joint-lead managers for this global bond are Bank of America Merrill Lynch, Citi, Morgan Stanley and RBC Capital Markets.

The 3-year tranche carries a semi-annual coupon of 1.000% and matures on October 5, 2018.  It offers investors a yield of 1.058%, which is equivalent to a spread of 14.7 basis points over the 1.00% U.S. Treasury note due September 15, 2018.

The 7-year tranche carries a semi-annual coupon of 1.875% and matures on October 7, 2022.  It offers investors a yield of 1.894%, which is equivalent to a spread of 14.15 basis points over the 1.75% U.S. Treasury note due September 30, 2022.

“We are delighted with the strong demand for this transaction.  The dual-tranche approach served us well, allowing us to raise a large amount to fund our development programs, offer our core investor base the 3-year maturity which is in very strong demand, and deepen our presence in the longer end of the yield curve with the 7-year tranche.  We appreciate the continued support from investors and comfort they take in World Bank bonds – especially during times of market volatility and uncertainty,” said George Richardson, Head of Capital Markets at the World Bank.

The present transaction is consistent with the World Bank’s longstanding practice of deploying its franchise as an issuer in the international capital markets to offer investor’s high-quality, liquid instruments.  This approach has direct benefits for World Bank member countries as well, since as a cooperative institution it is able to fund its activities as a provider of financial services to its members on highly attractive terms.

Investor Distribution of the USD 4 billion 3-year USD Benchmark:
By Geography By Investor Type
Europe
40%
Central Banks / Official Institutions
57%
Asia
33%
Banks / Bank Treasuries / Corporates
24%
Americas
25%
Asset Managers
19%
Middle East and Africa
2%

Investor Distribution of the USD 1.25 billion 7-year USD Benchmark:

By Geography By Investor Type
Europe
52%
Central Banks / Official Institutions
49%
Asia
28%
Banks / Bank Treasuries / Corporates
35%
Americas
20%
Asset Managers / Pension / Insurance
16%

Transaction Summary:

Issuer:
World Bank (International Bank for Reconstruction and Development, IBRD)
Issuer rating:
Aaa/AAA
Tranche:
3-year
7-year
Amount:
USD 4 billion
USD 1.25 billion
Settlement date:
October 7, 2015 October 7, 2015
Coupon:
1.000% 1.875%
Coupon payment dates:
April 5 and October 5
(semi-annual, short first)
April 7 and October 7
(semi-annual)
Maturity date:
October 5, 2018 October 7, 2022
Issue price:
99.830% 99.876%
Issue yield:
1.058% 1.894%
ISIN:
US459058ER04 US459058ES86
Listing:
Luxembourg Stock Exchange
Clearing system:
Fedwire, Euroclear, Clearstream
Joint lead managers:
Bank of America Merrill Lynch, Citi, Morgan Stanley, RBC Capital Markets
Senior Co-lead managers:
BMO, Credit Agricole, Daiwa, Nomura
Co-lead managers:

BNP Paribas, Barclays, Credit Suisse, Deutsche Bank, HSBC, J.P. Morgan, FTN, Goldman Sachs, SEB, RBS, Wells Fargo, TD Securities

Joint lead manager quotes:

“Once again, the World Bank has employed the dual-tranche strategy to great effect. The issuer’s ability to access diverse investor bases across both tranches is particularly impressive in light of recent market volatility. The transaction is an ideal continuation of their USD Benchmark program for 2015-16,” said Adrien de Naurois, SSA Syndicate at BofA Merrill Lynch.

“IBRD has again demonstrated outstanding market access with this USD 5.25 billion dual tranche transaction. To achieve an issue of this size in these challenging markets is a phenomenal success and testament to the IBRD franchise,” said Philip Brown, Head of Public Sector DCM at Citi.

“The USD SSA marketplace has been challenging since the end of the summer, and it needed a flagship issuer like the World Bank to reinvigorate it with a textbook transaction. This dual tranche deal demonstrated the World Bank’s continued appeal to investors across the curve, as well as its ability to dynamically and proactively respond to market conditions and investor feedback. The success of this issuance further underscores the World Bank’s continued pre-eminent status in the SSA universe,” said Navindu Katugampola, SSA Origination at Morgan Stanley.

“Given the recent volatility we clearly needed that rare combination of high quality credit, precise timing and a bit of courage thrown in for good measure and the results leave no doubt as to the World Bank’s special ability to attract a high quality investor base – the World Bank team are to be congratulated for maintaining an amazing track record in the face of very uncertain markets,” said Jigme Shingsar, Head of US SSAs at RBC Capital Markets.

About the World Bank

The World Bank (International Bank for Reconstruction and Development, IBRD), rated Aaa/AAA (Moody’s/S&P), is an international organization created in 1944. It operates as a global development cooperative owned by 188 nations. It provides its members with financing, expertise and coordination services so they can achieve equitable and sustainable economic growth in their national economies and find effective solutions to pressing regional and global economic and environmental problems. The World Bank Group has two main goals: to end extreme poverty and promote shared prosperity. The World Bank (IBRD) seeks to achieve them primarily by providing loans, risk management products, and expertise on development-related disciplines to its borrowing member government clients in middle-income countries and other creditworthy countries, and by coordinating responses to regional and global challenges. The World Bank has been issuing bonds in the international capital markets for over 60 years to fund its sustainable development activities and achieve a positive impact. Information on bonds for investors is available on the World Bank Treasury website: www.worldbank.org/debtsecurities.

Market Movers

Market Movers

Data as of 5:16pm ET
Wednesday’s Close:
  • Dow+122.1
    16,912.29

    +0.73%

  • Nasdaq+42.79
    4,791.15

    +0.90%

  • S&P+15.91
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S&P 500 | S&P 1500

Most Actives

Company Price Change % Change
FCX Freeport-McMoRan Inc 13.01 +1.18 +9.97%
BAC Bank of America Corp 15.75 +0.06 +0.38%
GE General Electric Co 27.77 +0.48 +1.76%
AAPL Apple Inc 110.78 -0.53 -0.48%
MU Micron Technology Inc 18.62 +0.40 +2.20%
AA Alcoa Inc 10.94 -0.04 -0.36%
INTC Intel Corp 32.32 +0.57 +1.81%
YUM Yum! Brands Inc 67.71 -15.71 -18.83%
CHK Chesapeake Energy Corp 9.15 +0.17 +1.89%
F Ford Motor Co 14.75 +0.44 +3.07%
Data as of 4:03pm ET

Gainers

Company Price Change % Change
FCX Freeport-McMoRan Inc 13.01 +1.18 +9.97%
TGNA Tegna Inc 25.59 +1.69 +7.07%
GNW Genworth Financial Inc 5.50 +0.32 +6.18%
WYNN Wynn Resorts Ltd 71.99 +4.14 +6.10%
SNI Scripps Networks Interactive Inc 54.62 +2.96 +5.73%
REGN Regeneron Pharmaceuticals Inc 485.76 +25.94 +5.64%
JOY Joy Global Inc 17.07 +0.89 +5.50%
CF CF Industries Holdings Inc 52.22 +2.67 +5.39%
FTR Frontier Communications Corp 5.38 +0.26 +5.08%
AMGN Amgen Inc 148.05 +6.83 +4.84%
Data as of 4:03pm ET

Losers

Company Price Change % Change
YUM Yum! Brands Inc 67.71 -15.71 -18.83%
ADBE Adobe Systems Inc 80.65 -4.50 -5.28%
MJN Mead Johnson Nutrition Co 72.35 -2.74 -3.65%
DLTR Dollar Tree Inc 62.90 -2.29 -3.51%
NRG NRG Energy Inc 15.40 -0.38 -2.41%
CAG ConAgra Foods Inc 40.94 -0.97 -2.31%
EQIX Equinix Inc 265.41 -6.14 -2.26%
PRGO Perrigo Company PLC 156.12 -3.59 -2.25%
PVH PVH Corp 98.99 -2.07 -2.05%
DG Dollar General Corp 67.45 -1.27 -1.85%
Data as of 4:00pm ET

Optimistic IMF forecasts could be undone by financial woes

THE developing world is catching up with advanced economies, but no longer as quickly as they would like. That has spooked investors. The slump in commodity prices and fears of an increase in interest rates in America led to 2015 being the first year since 1988 in which there will be a net capital ouflow from emerging markets.

The IMF’s new World Economic Outlook, published yesterday, offers little comfort. Some of the IMF’s headline projections seem relatively chirpy. Despite deepening recessions in Brazil and Russia, the BRICS economies as a whole are still growing at a decent speed of 4.8% this year, and growth is projected to rise to nearly 6.0% in 2020. Last month Citi warned that a global recession led by an emerging-market slowdown is on the way; the IMF are positively bullish by contrast. In 2016 the IMF expects China to steam ahead at 6.3% growth, and India at a whopping 7.5%.

But the IMF has been accused of over-optimism in the past, and they themselves admit that there are some big risks. One they highlight is the risk of a slowdown in emerging markets, coupled with investor panic. The IMF’s charts (see below) suggest what might happen in this scenario. A four percentage-point drop in investment would slash growth in the BRICS economies (Brazil, Russia, India, China, and South Africa) from 6% to 4% by 2020. The IMF expects that the effects would spill over to the advanced economies, cutting growth by the end of the decade from 1.9% to 1.6%.

If investors yank their capital from emerging markets along with the slow-down, then, as shown in the chart by the difference between the orange and red lines, the IMF thinks that in the very short run everyone would suffer even more. In other words, an emerging market slowdown will be uncomfortable; if financial-market panic about the slowdown increases, things will be much worse.

Source: The Economist

We have no idea what we’re doing…

By PRIYA ANAND
CONSUMER FRAUD REPORTER

MW-DD618_invest_20150116125541_ZHOver the last four decades, the 401(k) plan has replaced the pension as the main form of retirement plan. About 31% of workers had so-called defined contribution retirement plans in 2008, up from just 8% in 1980, according to the Social Security Administration. That means many Americans are now managing investments on which their financial well-being depends—and doing it in their spare time.

Unfortunately, many lack the basic financial literacy to be any good at investing. In a 2012 study by the educational foundation of the Financial Industry Regulatory Authority (Finra), the brokerage industry’s self-regulatory body, the average U.S. adult correctly answered only 2.9 out of 5 basic financial questions about topics like risk, inflation, interest rates and mortgages. (Only 14% answered all five questions correctly.)

The average American doesn’t follow market news that closely, either—and when you don’t know what’s going on, it’s harder to make good decisions about your money. In 2013, the S&P 500 index rose 30%. When asked in a Gallup poll a few months later how the market had performed that year, however, only 7% of respondents recalled that it had done that well; 30% thought stock prices had either been flat or gone down.

Source: Market Watch