What is a Merchant Cash Advance?
A merchant cash advance is a purchase of your business's future credit card sales. We will give you cash now and you repay us through your daily credit card sales using our flexible repayment system.
No more rummaging through financial statements from years past, just to get business funds from your bank. With us, all you need is:
- With a merchant cash advance you get:
- No fixed monthly payments
- No fixed terms (it goes with the fluctuation of your business)
- Not based on an interest rate
- Unsecured cash, fast
- A simple funding process
Repayment begins as soon as you receive your funds. Repayments are automatic and they go with the flow of your business.
Whenever a customer pays your products or services using a credit card, a small percentage of that sale goes toward repaying your merchant cash advance. This takes place until your advance is completely repaid. Complete repayment usually takes 6 to 8 months.
It is relief when unexpected business expenses reveal themselves; it is support for the business person who is venturing out to increase sales, promotion and advertising. It's a sense of security, supplying your business with extra cash for a rainy day and it's the materialization of a lifetime of dreams of business expansion.
The possible uses of merchant cash advances are endless, varying from business to business and merchant to merchant. Your individual need for a merchant cash advance may be unique to the particular business that you provide. Still, all in all, every recipient of a merchant cash advance has one thing in common; they want the best for their business.
Even newer small business owners can be eligible to receive a merchant cash advance from Merchant Resources International. If your business has been in operation for at least four months, you are already half way to your approval for a merchant cash advance. Secondly, accepting credit cards and processing Visa and MasterCard transactions are key. If you process at least $2,500 a month in credit card sales, then a merchant cash advance could be in the account of your choice in a matter of days.
We have helped finance business owners in numerous facets of the economy, even lending merchant cash advances to franchisees, including those of Quizno's, Subway, Baskin Robbins, and McDonald's. Therefore, we are ready and willing to help finance your business and assist in your business endeavors.
But it doesn't stop there. We would like to develop a relationship with you and your business. That is why we offer you the option of renewing your merchant cash advance after 60% of the advance is repaid. 87% of our existing customers take advantage of this opportunity, with an average of renewing more than four times. Also, our trained and experience staff is here to answer any questions you may have regarding your merchant cash advance.
