Home Improvement Business Financing Business Loan Alternative

According to Harvard University’s Joint Center for Housing Studies, expenditures on home improvements dropped 8 percent in the first quarter of 2009, compared to the same time last year. The drop in home improvement expenditures is another sign of the depth of the recession. Overall, the Center estimates that spending on improvements will drop by 12 percent in 2009, compared to 2008 levels. That drop can make finding home improvement business financing tough.

One approach some home improvement business owners are taking is to seek out a business loan alternative. Rapid Capital Funding has an ideal business loan alternative not only for home improvement business financing, but also for many other small businesses.

A business cash advance doesn’t rely on your credit or your business plan. It relies on your monthly credit and debit transaction volume, and that’s about it. If your home improvement business accepts Visa or MasterCard and generates at least $2,500 each month in credit and debit receipts, you’re likely to be approved for a merchant cash advance.

No collateral, no co-signers, no personal guarantees. Just the cash you need to provide home improvement business financing, even in a soft economy. With a business cash advance, you sell a portion of your future credit card transactions. As the transactions come in, a small portion of each sale is used to repay your business cash advance. The rest of the transaction comes back to you.

This approach means that you don’t commit to making a specific monthly payment. Your repayment follows the business cycle so you’re not caught short of cash when your receivables slow down. Contact Rapid Capital Funding today and learn how your future credit card transactions can be used to provide the home improvement business financing you’re looking for.

Photo Credit: Pinkiesblues, via Flickr

Bookmark it