Automotive Business Financing Small Business Loan Alternative

According to new analysis, the automotive aftermarket business is thriving in this recession. Aftermarket auto parts for customization and repair are thriving in the recession as people look for ways to keep their older cars on the road longer. For aftermarket auto businesses looking for automotive business financing, a business cash advance may be just the small business loan alternative that they’re looking for.

A business cash advance is easy to get; there are no credit checks, no long applications, application fees, or collateral to put up. You don’t have to guarantee the business cash advance personally, either. Better still, there are no monthly minimum payments to make.

With a business cash advance, you sell a portion of your future Visa and MasterCard credit or debit receipts. When the transactions come in, a small portion of each sale is used to repay the advance; the rest comes back to your business. When your business is good, your repayment occurs at a faster rate and when business slows down, so does your repayment schedule. It’s ideal for small businesses and eliminates the need to worry about minimum monthly payments.

Contact Rapid Capital Funding today for more information on how a merchant cash advance can help your business thrive in these tough economic times.

Photo Credit: Pierre J., via Flickr

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