Small Business Cash Flow Hurt By Credit Markets

About 50% of all small businesses depend upon their credit cards for short-term financing. Until recently, the system worked well for small business owners who needed to float loans for a little while. In the past several months, however, credit card interest rates have doubled and in some cases tripled. In addition, small business owners are finding that their credit lines have been cut. In all, nearly $3 trillion have been removed from the “available credit” market.

For some small business owners who depend on the cards, these changes can cause cash flow problems. Rapid Capital Funding offers small business owners another way to get the cash they need for their businesses. A merchant cash advance enables you to turn your future credit card transactions into cash right now.

If your business accepts Visa or MasterCard, is registered in the United States and generates $2,500 or more in credit or debit transactions each month, you may qualify for a merchant cash advance. With a merchant cash advance, you receive money for your future credit card transactions. As those transactions come in, a small percentage is diverted to repay your cash advance.

This gives your business the flexibility to get cash when you need it, without a long waiting or approval process, monthly repayments, collateral or personal guarantees. Think of this as a “cash-on-demand” option for your business. We have special financing plans for restaurants, too!

Most applications are processed and funded within three days. You won’t get that kind of response from a bank! If your small business needs cash and your bank isn’t talking to you, contact Rapid Capital Funding today and let us show you how to put credit cards back to work for you!

Photo Credit: Steve Woods

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