Home Based Business Financing: A Business Cash Advance

If you’re looking for home-based business financing, a business cash advance may give you the money you need to operate and grow your business. Though it seems counter-intuitive, more business startups happen during a recession than in any other point in the economic cycle. People who have lost their jobs or need extra cash are motivated to start their own businesses, providing products and services that others want and need. Finding home based business financing can be a challenge though. Banks are wary of loaning money to those who are self-employed.

A business cash advance isn’t a loan; it’s a business loan alternative that make sense for small businesses and those businesses that handle a lot of credit card transactions. With a business cash advance, you sell a percentage of your future credit card transactions. As your customers pay for goods and services with credit, a portion of each sale is diverted to repay the business cash advance. The rest of the transaction comes back to you, so you can operate your business, maintain your inventory and pay bills.

The advantages of this business loan alternative are plentiful. First, there’s no monthly payment to make. You repay your business cash advance each time you process a credit or debit transaction. When your business is good, your repayment is accelerated, but when business slows down, so does your repayment. It’s a business loan alternative that makes sense in an uncertain economy.

With a business cash advance, there are no long application forms to fill out, no waiting to find out whether you’ve been approved, no collateral and no personal guarantees. You get the home-based business financing you need when you need it, and with a repayment plan you can easily manage. Contact Rapid Capital Funding today for more information about home based business financing and business cash advances.

Photo Credit: Grant Hutchinson

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