Gas Station Business Financing: Try A Merchant Cash Advance

More than half of Southern California’s nearly 4,000 gas stations have missed an April 1 deadline to install gasoline vapor traps as required by state law. Some station owners report that the cost of the installed systems is approaching $40,000, a figure that has left some station owners scrambling to figure out how to pay for the systems. Gas station business financing isn’t easy to come by right now. Although many stations bear the name of large companies, they’re individually owned small businesses.

Because these small businesses process a large volume of credit card transactions, a merchant cash advance may be the ideal solution to provide the cash they need to comply with the state’s new environmental regulations.

A merchant cash advance isn’t a loan; it allows you to sell a portion of your future credit card transactions to get the cash you need right now. With a merchant cash advance, there is no monthly repayment; each credit or debit card transaction you process helps to pay back the cash advance. When business is good, your advance is repaid more quickly. When business is slow, your repayment slows too.

Gas station business financing has never been easier, and your small business can be approved for a merchant cash advance in a matter of hours – not weeks or months, like a loan from the bank. There’s no collateral to put up, and your small business can qualify even if your credit is bad.

Contact RapidCapital Funding today to learn how you can find the gas station business financing you need to run your small business.

Photo Credit: Riza Nugraha

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