Small Business Tax Cuts Would Do More Than Stimulus Plan

SurePayroll, an online payroll service, released the results of a recent survey of small business owners and their impression of the Troubled Assets Relief Program (TARP). Nearly 75 percent of small business owners disagreed with the government’s approach to bailing out the banks as a way to jump-start the economy. Only three percent of respondents felt that the TARP plan would be effective.

The survey showed that small business owners aren’t that keen on a large spending plan, either. Only eleven percent though that massive government spending would improve the economy.

What do small business owners think will work? Nearly fifty percent of survey respondents say that tax cuts would be a better way to get the economy moving in a positive direction again. To date, the TARP plan has not resulted in increased lending to businesses or consumers, primarily because lenders can’t find buyers for new loans on the secondary credit market. Without loan buyers, increased lending isn’t sustainable and banks don’t want to service their loans themselves.

Despite the fact that banks are now flush with cash, they’re not lending it out to consumers or small businesses. This puts small business owners in a bad position. Small businesses have few options when it comes to getting the cash they need to continue or expand their operations.

Some business owners have discovered that a merchant cash advance is the quickest way to get cash fast. A merchant cash advance enables businesses of any size to use future credit card sales to secure cash. A business cash advance isn’t a loan. Credit card transactions repay the advance as they come in, so there’s no monthly bill to pay, and you get the money from your credit card sales up front. You can even request an advance of up to 1.5 times your average monthly credit card sales figures.

Rapid Capital Funding is a trusted leader in merchant cash advances. Don’t wait for the bailout to trickle down to your business. Get the cash you need now with a merchant cash advance from Rapid Capital Funding.

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