Though a written business plan is not required when applying for a merchant cash advance from MRI (because there are no restrictions on how our advances can be used), other types of lenders, particularly banks, will require small business owners to submit a business plan when applying for a business loan. A business plan is not something that is reserved for startups.  It can be used in all stages of business ownership, especially when planning [...]

Arc Loan Status The America’s Recovery Capital program was designed to aid small business owners whose small businesses have been negatively affected by the recession.  These loans of up to $35,000 are backed by the Small Business Administration and can be used by business owners who have owned their businesses for at least two years.  The loans should be used to pay off existing debt. ARC Loans have been available for small business owners since [...]