Need A Business Loan? Try A Merchant Cash Advance Instead

Credit is tight and businesses aren’t getting the money they need from traditional funding sources. Bank loans are hard to come by if your credit is good, and if your credit is less than perfect, your chances of getting a business loan with an affordable interest rate are close to nil.

More businesses are turning to merchant cash advances as an alternative to business loans. Merchant cash advances aren’t loans in the traditional sense. There are no long application forms to fill out, no excessive documentation, no long waiting periods. Better still, there’s no collateral to put up and no personal guarantees to make.

A business cash advance in amounts up to $250,000 can be had in just a matter of days. There are no monthly loan payments to make and even businesses with damaged credit can qualify for a merchant cash advance.

How is this possible? A business cash advance through Rapid Capital Funding is based on your future credit card sales. That’s right…. you can get the money you need now instead of waiting until your credit card sales are turned over to you. As the sales come in, your cash advance is repaid. Simple. No new bills, no balloon payments. Just the cash you need when you need it.

Your business can qualify for up to 1.5 times the amount of your normal monthly credit card sales, too. That means you have fast access to the cash you need to keep your business running. You won’t have to answer a lot of questions, or go through a long approval process. You don’t need to explain why you need the money or what you intend to do with it. You don’t need to produce months or years’ worth of financial documents pertaining to your business. You simply need to ask for the money.

If your business is based in the US, accepts Visa or MasterCard and has a credit transaction volume of at least $2,500 per month, you’re likely to be in the 95% of businesses that will qualify for a merchant cash advance from Rapid Capital Funding.

Rapid Capital Funding works with North American Bancard, a company that processes more than $6 billion in credit card transactions for banks like HSBC, National Association and Wells Fargo Bank. The process of getting a merchant cash advance from Rapid Capital Funding is simple and fast. Once you’ve done it, you may wonder why you’d ever consider asking for a bank loan again.

If you need cash for your business and your bank has turned you down, or can’t move fast enough to help you, contact Rapid Capital Funding and let us get you the cash you need today.

Photo Credit: Steve Woods

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