Home Based Business Financing: Merchant Cash Advance

Unemployment figures for the month of May 2009 show that an additional 345,000 people are unemployed and seeking work. In a tough economy, where only 10 percent of employers say they plan to add jobs before the end of 2009, some entrepreneurs are looking at the possibility of starting a home-based business. As some government economists predict that unemployment may reach 11 percent before the recession ends, the search for home-based business financing has intensified.

The Small Business Administration has changed its guarantee level for SBA-backed loans, but this has not had the intended effect of jump-starting small business lending. Rapid Capital Funding offers a small business loan alternative known as a merchant cash advance.

A merchant cash advance enables small business owners to sell a portion of their credit card transactions for cash up front. As a small business loan alternative, a merchant cash advance makes sense for businesses that accept a high number of credit card and debit card transactions. With a merchant cash advance from Rapid Capital Funding, there are no monthly minimum payments to make, no collateral to put up and no personal guarantees to make. Even businesses with less-than-perfect credit can be approved for a small business loan alternative.

For small business owners looking for home based business financing, Rapid Capital Funding can provide a small business loan alternative that doesn’t require the same qualifications that a bank or the Small Business Administration will require. For small business owners, being able to get home based business financing may mean the difference between looking for work and getting back to work.

Photo Credit: Mackenzie Kosut

Bookmark it