Over the past year and-a-half, many small business owners have faced unforeseen difficulties, difficulties that have threatened the lives of their businesses.  Through these times, small business owners have become more innovative than ever in the quest to keep their businesses alive.  For some this has meant revamping an entire business.  For others, it has meant getting a merchant cash advance for the first time. Here are some stories of small business innovation and perseverance [...]

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 [...]

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 [...]