A recent allbusiness.com article speaks of Dr. Donna W. Woo, a 2002 medical school-graduate who hoped to get an SBA loan to help her open her first medical practice.  She then realized that actually getting and SBA loan wasn’t as easy as she thought it would be as, “…landing an SBA loan turned into one of the toughest full-time jobs she has ever experienced.” The following four key points played the biggest roles in making [...]

More than a few small business owners would agree that it seems like in order to get business funding, you have to do everything but leap through fiery rings and even then, there’s no guarantee that you’ll be approved.  Contrary to popular belief, there are various funding methods out there, but in order to find the one that’s right for your business, you have to understand both the requirements and benefits. We’ve compiled a list [...]

Merchant Resources International provides merchant cash advances to small business owners across the United States and Canada.  Yes…New York included.  As a testament to the various New York small business owners that we have worked with over the past seven years, MRI would like to not only recognize the various activities taking place this week in New York as part of New York Entrepreneur Week, but also give a hats off to the throngs of [...]

Many small business owners are still searching for business funds to no avail.  A large amount of these small business owners may be passing up a feasible funding method, simply because they are unaware that they can be funded. The merchant cash advance is an excellent alternative to the tradition bank loan, but it can’t do any good if you don’t know you qualify.  If you do qualify, take advantage of the opportunity to receive [...]

Below are some key points about the merchant cash advance that can help you decide whether it’s a good option for your business, especially in comparison to other traditional business funding methods. Unsecured There is no collateral required to receive a merchant cash advance. Renewable When you receive your merchant cash advance, you can renew your account once you’ve reached 60% repayment, which is about every three to four months.  Renewals can be funded in [...]