Los Angeles-Long Beach, CA (1888PressRelease)
February 25, 2009 - The first major merchant cash advance company started providing small business owners with an alternative method of business financing in 1998, over 10 years ago. Since then, the industry has grown from one that previously funded approximately $10 million dollars per year, to one that currently provides over $700 million dollars in business funds each year.
Merchant Resources International, one of the leading merchant cash advance providers has been a part of the merchant cash advance industry for over six years (over half the merchant cash advance industry's lifetime).
In 2007 alone, MRI placed over $43 million dollars into small businesses across the United States and has recently expanded its services to include Canada.
MRI's merchant cash advances have helped myriad small business owners who could not qualify for traditional bank loans, yet needed funds for their businesses.
Requirements
To be eligible to receive a merchant cash advance, an applicant must have owned his/her business for at least six months and that business must process a minimum of $5,000 in monthly credit card sales. Interested small business owners who meet these requirements may visit http://www.cashprior.com and complete an online application to receive a free quote.
Should an applicant choose to take advantage of a merchant cash advance, he/she can have the funds wired into his/her account in as little as 10 business days.
For more information about Merchant Resources International and the merchant cash advance, please visit http://www.cashprior.com.
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