Why should I Choose Loans on Future Credit Card Sales?
Choose loans on future credit card sales because…
They’re easy to qualify for
MRI does not have a long list of requirements that merchants must meet in order to be eligible to receive a loan on future credit card sales. Requirements are simple, straightforward and easy to meet.
The payback is flexible
Paying back a loan on credit card sales should never hurt your business. The repayment method was specifically designed to go with the flow of business. When sales are low, payments are also low and when sales are high, payments increase accordingly. There is no time period in which your loan on credit card sales must be repaid and there are no penalties for paying off an advance sooner or later than expected.
You can use them however you wish
Use your loan on credit card sales however you’d like. You are free to use your funds to purchase inventory, open another business location, purchase new business equipment, or for anything else you can think of.
Case Study
Bernie wanted to renovate his store. He had excellent credit and collateral, so he was able to get a bank loan to fund the project. Three months into the renovation, however, Bernie realized that he would need some additional cash in order to complete it. He knew he wouldn’t be able to get another bank loan and he’d recently closed his business credit card due to rate increases. So he decided to apply for a loan on future credit card sales.
Bernie was a shoo-in for the loan on credit card sales. He’d owned his business for over six months, he processed over $3,500 in monthly credit card sales, he had no unresolved bankruptcies and there was more than a year remaining on his business lease. Through a loan on future credit card sales, Bernie was able to get business cash to finance his renovation, even though he had an existing bank loan.
