Jul/090
Invest in Your Franchise
If you are a franchisee, we are sure you are aware of the many benefits of owning a franchise. “Franchises come with built-in markets, proven track records, and strong business models. It should be no surprise that franchises often succeed where independent businesses fail,” as stated in a Young Money Magazine article. Other benefits of owning a franchise the magazine lists, include; name recognition and “goodwill,” marketing/advertising plans, trademarks and branding, access to proprietary methods, management training and ongoing help and possible loan and financial help.
However, according to a website that offers franchising news and advice, “the top franchises in the U.S. all have failure rates of 0 to 1 percent…This makes these franchises more eligible for funds from lenders…”
So what happens to the franchisees that do not own these “top performing” franchises? Should they be denied the funds that it takes to put their businesses in the running, just because their businesses may be considered riskier? At MRI, we think not, and that is why we have funded the owners of over 20 franchises across the United States. As long as the business owner can prove that his/her business processes a minimum of $5,000 in monthly credit card sales, he/she could have as much as $500,000 made available to invest in his/her franchises.
No matter what type of franchise you may own, you deserve to have access to business funds when you need them. At MRI, we do our best to provide these funds to franchisees.
Jul/090
Get Off the Blocks with a Starter Advance
For six years, we have been providing business funds, flexible repayment methods and low rates. Now, we have developed yet another way to meet the many needs of merchants, with our new starter advance program.
The starter program allows small business owners who have previously been declined for a business cash advance, the opportunity to get a small advance for their businesses in spite of their recent denials.
Sometimes, merchants may apply for advances, but due to a change in ownership, decline in business, etc., they are unable to obtain business cash advance approval.
At MRI, we understand that every merchant deserves a chance to get business funds. Our starter advance program allows us to advance a business owner a small amount (usually $1,000 to $3,000). It gives the business a chance to prove that it can support a business cash advance repayment and when the advance is repaid, the merchant automatically becomes eligible to receive a larger advance. Starter advances can be funded with no credit checks.
We are currently contacting merchants whose applications have previously been denied and informing them of this new and advantageous opportunity. We also strongly encourage merchants who have been declined by other business cash advance providers to contact us regarding our starter advances.
Jul/090
Business Cash Advance for Family-Owned Businesses
Family and business are two things that are very important to Merchant Resources International.
“Family-owned businesses comprise nearly 90 percent of all business enterprises in North America,” (epromos.com). Most of these family-owned businesses are small businesses, a sector in the economy that MRI looks to support on a daily basis, by providing a useful alternative to hard-to-get small business loans.
Owners of family businesses are encouraged to take advantage of one of our various business cash advance products and receive up to $500,000 in business funds.
We continue to offer:
- 48-hour approval
- 7-10 business day funding
- Flexible payback
- Automatic renewal eligibility
Gather up the family and apply for one of our business cash advances today!
Jul/090
Does My Business Qualify for a Merchant Cash Advance?
Merchant Resources provides business funds for various types of small businesses. Still, many small business owners are unsure of whether their businesses qualify for a business cash advance. Below are a few key, qualifying factors, which can be used to quickly determine if your business qualifies for a merchant cash advance.
Process Credit Card Sales
Processing credit card sales is one of the most important qualifying factors for merchant cash advance eligibility. Through a small business’s monthly credit card sales volume, we can determine how much money a small business owner can initially receive. Merchant cash advance repayments are also automatically deducted from a business’s daily credit card sales, so accepting credit card sales is obviously very important for a small business owner who is interested in receiving a merchant cash advance.
Eligible small businesses process at least $5,000 in credit card sales each month.
One Year on Lease
Small business owners must have at least one year remaining on their business leases to be eligible for a merchant cash advance.
The merchant cash advance is completely unsecured, requiring no collateral. Therefore, the only security we have is a business’s future credit card sales. It usually takes six to eight months to repay a merchant cash advance. So, a business with at least one year remaining on its lease is more likely to be around long enough to complete merchant cash advance repayments.
No Unresolved Bankruptcies
Small business owners must not have any unresolved bankruptcies if they would like to receive a merchant cash advance. If they do, they should apply for a merchant cash advance once the situation(s) is resolved.
Jul/092
Eliminate the Stress of Owning a Business
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One of the most stressful parts of owning a small business is searching for small business financing, especially to no avail.
Merchant Resources International would like to publicize a way to alleviate the stress that arises as a result of being unable to secure business funding and a way to avoid the stress that can come along with applying for, preparing for and waiting for a small business loan.
Our business cash advances provide an alternative for those small business owners who have had difficulties securing funds using traditional methods, such as banks; because we have fewer and easier-to-meet eligibility requirements.
A business cash advance requires no collateral and an excellent credit score is not necessary. To qualify for a business cash advance, small business owners must simply own a business that processes at least $5,000 in credit card sales every month, have at least one year remaining on the business lease, have no unresolved bankruptcies and the applicant must have been the owner of the business for at least six months.
Working with MRI is virtually stress-free, because we offer 48-hour approval, 10-day funding and there are no restrictions on how borrowers can use the money. The repayments are easy and simple as they are automatically deducted, going with the flow of a business’s sales. We also give merchants the opportunity to renew their business cash advances every three to four months should they choose.
Obviously, a variety of other factors can cause stress for small business owners, including, employee conflicts, deadlines, disgruntled customers, etc. Moreover, as time goes on, it seems that the stress that small business owners experience is only increasing. “Business owners in cities all over the world are much more stressed than just one year ago,” as reported by Grant Thornton International in 2006. During this time, the company’s Business Owners Survey showed that U.S. business owners experienced a 34% increase in stress levels.
For your benefit, we have listed a few tips, compiled by the American Small Business Online Magazine, to use for stress management, after you have taken the first step and received your hassle-free business cash advance.
1. Learn to recognize your stress:
“Not everyone experiences the same symptoms of stress. By recognizing how stress manifests itself in your life, you’ll be able to take steps to handle the emotion properly” (americanentrepreneurship.com).
2. Deal with the stress you are experiencing:
“Failing to cope with feelings of stress will actually make its physical effects increase rather than diminish them… Take steps to eliminate the stressor and you’ll be on your way to being rid of the stress itself” (americanentrepreneurship.com).
3. Take time for yourself:
“No matter how busy or hectic running your small business is, it’s absolutely essential that you stop and take time for yourself… Don’t give up all your hobbies for the sake of your business” (americanentrepreneur.com).
Jul/090
MRI Recognizes Women in Business
Merchant Resources International would like to take the time out to recognize the myriad women business owners in the United States and to thank those that have used MRI as their business funds provider.
According to the Center for Women’s Business Research website, as of 2008, 10.1 million firms were owned by women (50% or more), employing more than 13 million people, and generating $1.9 trillion in sales; and, women-owned firms account for 40% of all privately held firms.
The Center for Women’s Business Research website states, “Women business owners who obtained capital persevered, making an average of four attempts to obtain bank loans or lines of credit and 22 attempts to obtain equity capital.”
We understand that securing business funds can be a very difficult task, which is why we make business financing simple by providing business cash advances to merchants who have owned their businesses for at least six months and process a minimum of $5,000 in monthly credit card sales.
Interested business owners must simply complete a short application and submit the required documentation. Applications can be approved in 48 hours and accounts can be funded in as little as 10 business days.
The site also states, “More than two-thirds (67%) of women business owners choose financial products and services based on their relationship and experience with a lender.” At Merchant Resources International, we pride ourselves on the long-term relationships that we establish with our merchants. Over 85% of our merchants renew their business cash advances at an average of four times each.
As National Women’s History Month proceeds, we continue to appreciate all of the women business owners who have taken advantage of our services and we encourage others to choose Merchant Resources International to meet their business financing needs.
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