
Business Line of Credit
Merchant Retailers Association provides it’s members with a business line of credit against future Visa and MasterCard receipts.
Reasons for a Business Line of Credit:
- Advertising
- Renovations
- Expansion
- Working Capital
- Equipment Purchase
- Inventory Purchase
- Down Payment
- Taxes
- Acquisition
- Buyout
- Short-term cash flow short fall
Member Benefits:
- No up front fees
- No closing costs
- Merchant can receive up to $250,000
- No collateral needed
- No personal guarantee required on repayment
- No reporting to credit bureaus
- Easy payback based on timing of Visa, MasterCard and American Express receipts
- Automatic payback
- No fees or penalty for extended payback period
- A/B credit not required
- Financials / Tax returns not requires (up to $100,000)