Business Cash Advance: Better than a Business Loan
Have you gone to the bank hoping for business loan approval, but ended up walking away empty handed? Don't worry, because there is another path that leads to small business financing. The business cash advance is your alternative to a bank business loan.
- No UCC1 Filings - We have no interest in seizing your property.
- Easy Renewal – Get a second business cash advance in 3 to 4 months. No application required.
- High Approval Rate – Our approval rates are so high because of our minimal requirements.
- Fast Cash – Get cash in as little as 10 business days.
Improve Your Business with a Business Cash Advance
Is it time to expand your business?
You wouldn't add a room to your house without the proper tools and supplies. Likewise, you cannot build upon your existing business without the most important tool – cash.
Merchant Resources International is your business's tool shed; the place you can go to get the cash you need to improve your business.
How Can I Expand My Business?
- Buy inventory
- Add a location
- Increase services
- Explore additional/ prospective target audiences
Business Cash Advance: The Bank Loan Alternative
For years, many small business owners have falsely believed that the bank was one of the only places to go for small business financing. This fallacious idea has caused myriad borrowers to deal with the agony of fixed monthly payments, putting up precious property as collateral, time-consuming business plan preparations and proposals and strict restrictions on fund usage.
Merchant Resources International, however, provides an innovate method of business financing, that allows small business owners to circumvent the inconveniences of traditional bank loans and the woes of unsuccessfully searching for business financing. Our business cash advance is a realistic alternative to the traditional bank loan.
The business cash advance is innovative in all aspects; from application and approval, to funding, repayment and renewal.
Application
We don't ask for your life story when you're applying for a business cash advance. We have a simple 2-page application that requires basic information about your business.
Since there are no restrictions on how you can use the funds, we also do not require you to prepare and present a business plan or proposal. We get straight to the point.
Approval
When you submit your application, along with the last four months of your merchant statements, our staff begins the review process immediately. We don't waste time. You will get a call from one of our funding specialists within 48-hours, informing you of the status of your application.
Funding
Once we approve your application, we can have the account of your choice funded in as little as seven business days. You don't have to wait. Then, you are free to use those funds any way you choose.
Repayment
The repayment procedure is one of the most unique features of the business cash advance. The only time you make a payment is when your business processes credit card sales. When customers pay using credit cards, we deduct a small percentage of the sale and apply it to your business cash advance repayment. You never have to make a fixed monthly payment.
This process continues until the advance is entirely paid off and there are no penalties or fees, regardless of how quickly or slowly your business cash advance is repaid.
Renewal
Anyone who receives an MRI business cash advance has the option to renew their funds when 60 percent of their current advance has been paid off. Most borrowers reach 60% repayment completion approximately three to four months after funding. When you renew your funds, you do not need to complete another application. Just sign a few documents and you can have your renewed funds in as little as 24 hours.
