Looking For Retail Business Financing: Try A Merchant Cash Advance

Last month, Advanta, an underwriter of private label small business credit cards, suddenly terminated loan arrangements with its retailers, including Office Max. The move means that Office Max can no longer accept its own credit cards, and is an indicator of how tough things are getting for small businesses who are looking for credit. For small businesses that depend on business credit cards, underwriting standards are tightening and owners are finding that they have less credit available. If you’re looking for retail business financing, Rapid Capital Funding offers a small business loan alternative that can put cash in your pocket today.

A merchant cash advance from Rapid Capital Funding enables you to sell a portion of your future credit card transactions for cash up front. Credit card factoring is ideal for small businesses because the business loan alternative doesn’t depend upon your credit, or the credit your business has established. If you generate at least $2,500 in Visa or MasterCard credit or debit receipts each month, you’re likely qualified for a merchant cash advance.

You can get the money you need to pay bills, expand your business, hire additional staff, expand your product offerings, or do whatever you have in mind. There are no restrictions on how you use the money, and there are no minimum monthly payments to make. As your transactions come in, a small portion of each sale is used to repay the merchant cash advance, and the rest comes back to you.

Don’t assume that you can’t get the retail business financing you need in a down economy. Contact Rapid Capital Funding and see how you can put your future credit card transactions to work for you today.

Photo Credit: See-ming Lee

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