Here You are a Valued Client, Not an Accused Applicant
Simply put: our goal is to get you funded no matter what. We focus on your companyís strengths regardless of less-than-perfect credit. Our jobs is to find a way to make it work, all you have to do is call.
What Will I Need To Provide?
After speaking with one of our loan specialists, you will receive a simple 2-page application. In addition to this application, all we will need from you is:
- A business license
- A copy of your driverís license
- 4 months of credit card statements
- 2 of your most recent bank statements
- A voided business check
What Does It Take To Be Approved?
Have you been in business for at least 4 months? Each month do you process at least $2,500 in credit card sales? Then youíre approved. Itís that simple.
How it Works
Do you have less-than-perfect credit? Youíre not alone; a lot of us have blemishes on our credit history we wish we could erase. However at Merchant Resources International, having bad credit does not disqualify you from getting your business the working capital it needs. Unlike most traditional lenders, we treat small business owners like real people, and not like just another numbered statistic.
By purchasing a future portion of your credit card sales, we can advance you a lump sum in as little as 10 business days. How does the repayment process work? Itís simple, in fact, the process is automatic. Every night when you batch out, a small percentage will be paid pack until eventually your cash advance is paid back in full. All it takes is a simple application and the last six months of your businessís statements, from there we can agree on a small return rate and then get the funds headed your way.
Borrowing with bad credit usually means committing to very specific stipulations. However at MRI we work hard to keep the process simple, regardless of your credit history. Requirements on collateral, personal guarantees or fixed interest rates will not be found here; just people who understand your businessís working capital needs and want to make the process as smooth and seamless as possible.
What Are My Loan Options?
In addition to our premium and standard advance options, we offer a starter advance loan as a way to get you established and to build our relationship. Just like our other advances, repayment is made though a portion of your credit and debit card sales. The difference with the starter advance loan (ranging from $1,000 to $7,000) is that once repaid, you are eligible for an even larger advance. Learn more about your options by checking out our 3 different programs.
- Currently Own a Business
- Process Credit Cards
- Unsecured Funds
- No Application Fees
- No Fixed Monthly Payments
- No Collateral or Personal Guarantee
- Pay Only When You Make a Sale
- NO Out-of-Pocket Cost
- Approvals in 24 Hours
- Get Funded in as Little as 7 Days
- 98% Approval Rate