SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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SCHEDULE 13G
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULES 13d-1(b), (c), AND (d) AND AMENDMENTS THERETO FILED
PURSUANT TO 13d-2(b)
UNDER THE SECURITIES EXCHANGE ACT OF 1934
BiznessOnline.com, Inc.
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(Name of Issuer)
Common Stock, par value $.01 per share
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(Title of Class of Securities)
091791103
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(CUSIP Number)
March 16, 2000
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(Date of Event Which Requires Filing of the Statement)
Check the appropriate box to designate the rule pursuant to which this
schedule is filed:
[ ] Rule 13d-1(b)
[x] Rule 13d-1(c)
[ ] Rule 13d-1(d)
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(1) The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which would
alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of the Act (however, see
the Notes).
<PAGE>
CUSIP No. 091791103 SCHEDULE 13G Page 2 of 8 Pages
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1. NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
MCG Credit Corporation
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [X]
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3. SEC USE ONLY
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4. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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5. SOLE VOTING POWER: 0
NUMBER OF SHARES ----------------------------------------------------------
BENEFICIALLY 6. SHARED VOTING POWER 910,208 (1)
OWNED BY EACH ----------------------------------------------------------
REPORTING 7. SOLE DISPOSITIVE POWER 0
PERSON WITH ----------------------------------------------------------
8. SHARED DISPOSITIVE POWER 910,208 (1)
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
910,208 (1)
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10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES
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11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
9.21% (see Item 4)
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12. TYPE OF REPORTING PERSON
CO
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CUSIP No. 091791103 SCHEDULE 13G Page 3 of 8 Pages
(1) Shared only by virtue of the fact that MCG Finance Corporation, the record
holder of the shares, is a wholly-owned subsidiary of MCG Credit Corporation.
MCG Credit Corporation disclaims ownership of the shares under Rule 13d-3.
<PAGE>
CUSIP No. 091791103 SCHEDULE 13G Page 4 of 8 Pages
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1. NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
MCG Finance Corporation
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [X]
- --------------------------------------------------------------------------------
3. SEC USE ONLY
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4. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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5. SOLE VOTING POWER: 0
NUMBER OF SHARES ----------------------------------------------------------
BENEFICIALLY 6. SHARED VOTING POWER 910,208 (2)
OWNED BY EACH ----------------------------------------------------------
REPORTING 7. SOLE DISPOSITIVE POWER 0
PERSON WITH ----------------------------------------------------------
8. SHARED DISPOSITIVE POWER 910,208 (2)
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
910,208 (2)
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10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES
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11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
9.21% (see Item 4)
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12. TYPE OF REPORTING PERSON
CO
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CUSIP No. 091791103 SCHEDULE 13G Page 5 of 8 Pages
(2) Shared only by virtue of the fact that MCG Finance Corporation is a wholly-
owned subsidiary of MCG Credit Corporation.
<PAGE>
CUSIP No. 091791103 SCHEDULE 13G Page 6 of 8 Pages
Item 1(a). Name of Issuer:
BiznessOnline.com, Inc.
Item 1(b). Address of Issuer's Principal Executive Offices:
1720 Route 34
P.O. Box 1347
Wall, New Jersey 07719
Item 2(a). Name of Person Filing:
(i) MCG Credit Corporation
(ii) MCG Finance Corporation
Item 2(b). Address of Principal Business Office or, if None, Residence:
(i) 1100 Wilson Boulevard, Suite 800
Arlington, Virginia 22209
(ii) 1100 Wilson Boulevard, Suite 800
Arlington, Virginia 22209
Item 2(c). Citizenship:
(i) Delaware
(ii) Delaware
Item 2(d). Title of Class of Securities:
Common Stock, $.01 par value per share
Item 2(e). CUSIP Number:
091791103
Item 3. If This Statement is Filed Pursuant to Rules 13d-1(b), or 13d-
2(b) or (c) , Check Whether the Person Filing is a:
Not applicable
Item 4. Ownership.
(a) Amount beneficially owned:
910,208 shares of common stock. (838,779 of such shares
are the subject of an immediately exercisable warrant)
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CUSIP No. 091791103 SCHEDULE 13G Page 7 of 8 Pages
(b) Percent of class:
9.21%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote:
0
(ii) Shared power to vote or to direct the vote:
910,208 (Shared only by virtue of the fact that MCG
Finance Corporation, the record holder of the shares, is a wholly-owned
subsidiary of MCG Credit Corporation. MCG Credit Corporation disclaims
beneficial ownership of the shares under Rule 13d-3.)
(iii) Sole power to dispose or to direct the disposition of:
0
(iv) Shared power to dispose or to direct the disposition of:
910,208 (Shared only by virtue of the fact that MCG
Finance Corporation, the record holder of the shares, is a wholly-owned
subsidiary of MCG Credit Corporation. MCG Credit Corporation disclaims
beneficial ownership of the shares under Rule 13d-3.)
Item 5. Ownership of Five Percent or Less of a Class.
Not applicable
Item 6. Ownership of More than Five Percent on Behalf of Another Person.
Not applicable
Item 7. Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported on by the Parent Holding Company.
Not applicable
Item 8. Identification and Classification of Members of the Group.
Not applicable
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CUSIP No. 091791103 SCHEDULE 13G Page 8 of 8 Pages
Item 9. Notice of Dissolution of Group.
Not applicable
Item 10. Certification.
By signing below I certify that, to the best of my knowledge
and belief, the securities referred to above were not acquired and are not held
for the purpose of or with the effect of changing or influencing the control of
the issuer of the securities and were not acquired and are not held in
connection with or as a participant in any transaction having that purpose or
effect.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement is true,
complete and correct.
Date: April 19, 2000
MCG Credit Corporation:
/s/ Samuel G. Rubenstein
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(Signature)
Samuel G. Rubenstein, Executive Vice President
and General Counsel
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(Name/Title)
MCG Finance Corporation:
/s/ Samuel G. Rubenstein
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(Signature)
Samuel G. Rubenstein, Executive Vice President
and General Counsel
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(Name/Title)
