How Does Credit Card Factoring Work?
You Apply...
All you have to do is complete a 2-page application. It takes about three minutes finish the application. Then, submit the last four months of your merchant statements, a copy of your business lease and a voided check. That's all there is to the application process.
We Review...
Once you've submitted all of the required documentation, our staff of underwriters will review your application. You can be approved in 48 hours.
You Repay...
Repayment is simple. You never have to make a fixed payment, because we will automatically deduct a small percentage of your business's daily credit card sales to repay your business cash advance. This procedure is flexible, as payments always go with the flow of your business. Your business cash advance will typically be repaid within 6 to 8 months.
You Renew...
When you've repaid 60% of your advance, you become eligible for renewal. You can get another sum of cash wired into the account of your choice. Only this time, you don't have to complete an application and you can have the funds in as little as 24 hours.
Articles about credit card factoring
Apply for a Cash Advance Now!
If you find a lower rate or if you get turned down by us and can get approved anywhere else, we will give you $500.
Real Customer Testimonials
I needed fast working capital...
"At first, I thought it was too good to be true, but after working with Merchant Resources, I soon realized it was fast, easy and convenient, just like they promised. The payments were so easy, I loved not having to make payments on my own. All business owners should get a business cash advance from MRI." Daniel H.
Just like a business line of credit...
"I am so happy I chose to work with MRI. I was able to get the working capital I needed, when I needed it. Now, I can rest easy knowing that I can renew my advance in about three months. Alexandra S.