Business Loans Alternative
Facts about the alternative to traditional business funding
Straying away from the norm can be a huge step to take, and before you take that step away from tradition, it is important that you know everything about the new option that you are choosing.
Below are the facts about the business cash advance, an alternative to traditional small business loans – to help you determine if it is the best option for your business.
Who
Who can use it?
Merchants who have owned their businesses for at least six months and processes a minimum $5,000 in monthly credit card sales may be eligible to receive a business cash advance. Eligible business owners also have no unresolved bankruptcies and at least one year remaining on their business leases.
Who provides it?
Merchant Resources International provides small business owners with the business cash advance – the business loan alternative. In addition to simple and easy-to-meet requirements, we offer friendly, professional service to all of our merchants.
What
What is it?
A business cash advance is an alternative to the traditional business loan. Our business cash advance program allows merchants to sell their business's future credit card sales and get cash to put into their businesses. Merchants can get up to $500,000 when they choose a business cash advance.
When
When will I know if I've been approved?
After you complete your application and submit the required documents, you can be approved for a business cash advance in 48 hours.
When will I get my funds?
When you've been approved for a business cash advance, it only takes about 10 business days for the funds to be wired into the account of your choice. Then, after funding, we give you the opportunity to renew your funds in three to four months (once 60 percent of your advance has been repaid), and you can renew your advance as many times as you like.
Where
Where are they available?
The merchant cash advance is available for merchants across the United States and in Canada.
Where do I have to go to get one?
You don't even have to leave your home to get your business cash advance. You can use our online application and fax in your documents. All of the details of the business cash advance can be explained over the phone, making it possible for you to have funds in your account in as little as 10 business days, without even taking a single trip.
Why
Why do I need one?
Use a merchant cash advance to expand your business or to keep your business on its feet. Many small business owners use their business cash advances to purchase equipment, to renovate, to purchase advertising and to increase working capital.
How
How do I get one?
Just complete our online merchant cash advance application and a funding specialist will contact you within 24 hours. Or, you can call us toll free at (800) 539-5447 to speak directly to a funding specialist about getting your merchant cash advance.
