Unsecured Business Loans
For some small business owners, finding an unsecured business loan is more difficult than finding a needle in a haystack.
Banks often require borrowers to put up collateral in order to receive a loan because they want to make sure that in any event, they will get back the money they lent. However, if a small business owner is lucky enough to find an unsecured bank loan, the lenders will often tack on a variety of other stringent requirements and conditions in place of collateral, such as an excellent credit score and limited freedom of fund usage.
Through Merchant Resources' unsecured business cash advances, small business owners can receive the funds provided in a bank loan without the collateral requirements. We also don't impose any other rigid requirements and restrictions in its place. To receive an unsecured cash advance, you don't need to have an excellent credit score and there are no restrictions on how you can use the funds.
Why No Collateral?
We don't require collateral because we depend on your business and only your business for your unsecured cash advance repayments.
Once you receive an unsecured cash advance, the repayment process begins. Whenever a customer makes a purchase at your business using a credit card, we will automatically deduct a small percentage from that sale and apply it to your repayments. This process continues until your unsecured business cash advance is fully repaid.
Our funding specialists have been trained to carefully review your merchant statements and determine a reasonable unsecured cash advance amount that your business can support. We will never advance you more than our calculations and years of experience suggest your business can repay. MRI's unsecured cash advance repayments are designed as to not hurt your business. Our goal is that the repayments remain virtually unfelt and allow your business to grow and flourish.
If you feel that you could benefit from more money, you can renew your unsecured cash advance in about three to four months after funding.
