Merchant Resources International is a provider of merchant cash advances.  As you may know, the merchant cash advance is an alternative to traditional bank loans.  Usually, excellent credit, collateral, and business plans are all required in order to qualify for a bank loan.  MRI’s merchant cash advances are geared toward small business owners, who unfortunately, cannot qualify for bank loans. The merchant cash advance industry has been around for almost over a decade.  However, the [...]

The hardest part (which is surprisingly easy) is over.  You’ve completed your application and submitted it along with your last four months of merchant statements, a copy of your business lease, a copy of your driver’s license and a voided business check.  Our funding specialists reviewed your application and it was approved!  Now, only one week later, you have business cash in your bank account and it’s time to get down to business and use [...]

In order to understand exactly how a merchant loan can benefit a small business, it is important to understand how it works.  This includes understanding the pros, cons, requirements, benefits and framework of this alternative to traditional bank loans. Pros Unsecured – There is no collateral required. Renewable – Merchants can renew funds every three to four months Low Credit ok – Having excellent credit is not a requirement. No Restrictions – Merchant loans can [...]

As the month of September winds down and October approaches, it is not only a time to prepare for the festivities of autumn, but also a time to recognize the achievements that have been made by women in small business. October is nationally recognized as Women’s Small Business Month, a month dedicated to recognizing the achievements of female entrepreneurs and their small business ventures. Small business ownership has grown rapidly over the past decade.  According [...]

The merchant cash advance is an alternative method of business financing.  It was originally developed for small business owners who didn’t qualify for bank loans (i.e. low credit scores, no collateral, poor personal financial histories).  Over time, however, the merchant cash advance has grown into much more.  Many small business owners use merchant cash advances to finance their businesses, instead of bank loans or in addition to bank loans. With the increased popularity of merchant [...]