Van Nuys (PRESS RELEASE – December 17, 2009) – Los Angeles-based, Merchant Resources International offers struggling small business owners an alternative to bank loans – the merchant cash advance. Eligible merchants can receive up to $500,000, no collateral required and less-than-perfect credit scores ok.
MRI employs a unique repayment method, which eliminates the need for merchants to make fixed monthly payments. When a merchant receives a merchant cash advance, MRI automatically deducts a small percentage of his/her business’s daily credit card sales and puts it toward the merchant cash advance repayment.
Basic Merchant Cash Advance Requirements
• Merchant must have owned business for at least six months
• Business must process a minimum of $3,500 in monthly credit card sales
• Merchant may not have unresolved bankruptcies
• Business must have at least one year remaining on lease
“We pride ourselves in our ability to offer assistance to small businesses locally, nationally and internationally,” said Farzin Fazeli, CEO of Merchant Resources International. “We have developed various business funding programs that have significantly helped small business owners during these trying economic times.” These programs include the standard program, the starter program (for merchants who do not meet basic requirements) and the premium program.
Merchant Resources International has been a key supplier of business funds to many merchants, as bank lending has tightened dramatically.
About Merchant Resources International:
Merchant Resources International has been providing merchant cash advances to small business owners, including franchisees, in the United States and in Canada since 2003. The company is represented by the Better Business Bureau and has an approval rate of over 90%.
For more information about Merchant Resources International’s merchant cash advance funding programs, visit http://www.cashprior.com.