Merchant Resources International Continues to Use Minimal Requirements Policy

As banks tighten lending standards, MRI stays true to minimal requirements policy for approval.

In the wake of recent news regarding changes in banks' lending practices, Merchant Resources International, a leading merchant cash advance provider, continues to provide business funds to eligible merchants who meet minimal requirements.

According to a March 18, 2010 Wall Street Journal article, banks are looking far beyond business credit scores to determine which small businesses qualify for business loans. As stated by Kathie Sowa, a commercial banking executive at Bank of America Corp., banks are now looking at the "full picture," which can include personal finance history, cash flow and collateral as well. ".even entrepreneurs with high business credit scores may have trouble getting financing," wrote Emily Maltby.

Merchant Resources International advances small business owners up to $500,000 in business funds, based on their businesses' monthly credit card sales. Therefore, business credit is not a factor in determining eligibility and small business owners with less-than-perfect personal credit scores may still qualify for one of MRI's various merchant cash advance programs.

The merchant cash advances are also completely unsecured. Therefore, there is no collateral required. Basic requirements for merchant cash advance eligibility are as follows:
 Business processes at least $3,500 in monthly credit card sales
 Merchant has owned business for at least six months
 Business lease has minimum of one year remaining
 Merchant has no unresolved bankruptcies

Small business owners who are no longer eligible for traditional bank loans and/or have had their lines of credit reduced or revoked are encouraged to contact a Merchant Resources International funding specialist at (800) 539-5447.

To learn more about the merchant cash advance and the business funding programs that Merchant Resources International offers, please visit .