Merchant Resources Reaches 90% Approval Rate

Nov. 6, 2008 - PRLog -- Merchant Resources International has been providing small business owners with credit card advances for over five years.  Over the past five years, 90 percent of all merchants who applied for a Merchant Resources credit card advance have been approved.  

This is because the minimal requirements make a Merchant Resources credit card advance easier to qualify for than a traditional bank business loan.  

Interested merchants must have owned their businesses for at least four months, and that business must process a minimum of $2,500 in credit card sales each month.  

Additionally, merchants interested in receiving a credit card advance from Merchant Resources must not have any unresolved bankruptcies, and they must have at least one year remaining on the business’s lease.  

Credit card advances are repaid via a business’s credit card sales.  Merchants receive a cash advance, typically up to 30% more than their businesses’ monthly credit card sales, and when customers make purchases using debit and credit cards a small percentage of those sales is automatically deducted and used to repay the credit card advance.

In addition to a 90% approval rate, Merchant Resources has an 85% renewal rate, with an average of four renewals per customer.  Once merchants receive their first credit card advance with Merchant Resources, they can renew their account after 60% repayment completion, and their accounts can be funded in 24 hours.

For more detailed information on the mechanics of a credit card advance, please visit www.creditcardadvance.us, or contact a Merchant Resources International funding specialist at (800) 539-5447, and we will be happy to answer any questions.

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Merchant Resources International provides merchant cash advances for small business owners. Small business owners can have easily accessible funds for their businesses with the business loan alternative.