Van Nuys, California (PRWEB) October 13, 2012
Merchant Resources International, Inc. (MRI, Inc.), a merchant cash advance provider, is happy to offer extensive merchant cash advance services to small businesses in need of help securing capital. Each offering is custom-tailored to the client, and protecting the health of client businesses is taken very seriously.
The way MRI, Inc. does this is by paying attention to the most responsible ways to serve clients. The company suggests five steps be taken by every small business owner looking to acquire capital.
1) Confirm that the company is a funding source. Many of the options on the market are actually brokerage firms which will charge clients what is essentially a finder's fee or rate. If the name of the company and the name on the offer do not match up there is a good chance that the offer is more expensive than it needs to be.
2) Don't fall for the bait and switch. If advertisements or offers are indicating one thing but the tune changes once a final offer is presented it is wisest to break off negotiations. Reputable firms do not resort to luring clients in with "too good to be true" offers and then closing a trap with interest rates many points higher and unfavorable repayment schedules.
3) Watch out for unaffordable payments. When considering the repayment schedule it is not uncommon for the revenue and health of the business to be funded to be molded to fit a prearranged model. This can cause extreme difficulty in repayment of the advance.
4) Never pay a fee before funding. All the reputable firms on the market have a policy of never asking for any kind of payment up front. There are, however, scams which are perpetrated against small business owners where a "small processing fee" is requested. Avoiding any kind of payment up front is imperative.
5) Never accept a blanket UCC lien. Ensuring that a copy of the funding is available before agreeing to an offer is vital, as some companies attempt to cover the advance with a lien against all aspects of the business. An advance lien should never cover more than the "Accounts Receivables" portion of a business.
Watching out for these five major stumbling blocks will put a small business in a much better position while shopping around for a good, stable financial partner.
For a comprehensive set of services which are always tailored to the needs of a specific business, MRI, Inc. can help. The company is committed to providing only the absolute best services, and of course, ticks all the above five boxes.