Dentistry Business Financing: Merchant Cash Advance
A new poll released Thursday by the Kaiser Family Foundation suggests that six in ten American families are economizing on health care costs by delaying doctor visits, dental work, and prescription refills. This delay can be significant for a practitioner like a dentist. Finding dentistry business financing from a bank can be a challenge when your receivables are down.Instead of working with your bank, consider taking a merchant cash advance for your small business. A merchant cash advance doesn’t tie you down to minimum monthly payments, collateral or personal guarantees.
A merchant cash advance allows you to leverage your future credit and debit card sales right now. You get the cash you need in exchange for selling a portion of your future transactions. As the transactions are processed, your merchant cash advance is repaid. Only a small portion of each transaction is used to repay the advance, so you still get the cash you need to run your small business.
Because repayment of the merchant cash advance is tied to transaction processing, we get paid only when you get paid by credit card. The cash portion of your business isn’t affected, so a merchant cash advance doesn’t commit your incoming cash sales to the repayment of your advance.
Small businesses are having a tough time in today’s economy, and even professionals are affected. A merchant cash advance from Rapid Capital Funding can get you the dentistry business financing you need along with a repayment method you can afford. Use the cash to expand your business, replace old equipment, add new equipment or whatever you need.
Contact Rapid Capital Funding today and let us show you how a merchant cash advance can provide the dentistry business financing your small business needs!
Photo Credit: Jennifer Coughenour
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