States Aren’t Always Friendly To Their Small Businesses

Some states are more friendly to small business than others, but US News and World Report has put together a list of the seven worst states in which to start a business, and they’re not likely to be the state’s you may be thinking of. According to USNWR, these seven states could be accused of providing the least helpful or most obstructive business climates for entrepreneurs who want to start a new business.

West Virginia, Iowa, Arkansas, Maine, Hawaii, Kentucky and Montana missed the mark when it comes to supporting new businesses in their states. In many cases, education, infrastructure, taxation, research and development capabilities, access to national and international markets, information technology support and the availability of investment capital make these states among the least desirable places to start and maintain businesses.

For small business owners, some of these considerations are less important than others, but a basic consideration for most small business owners is the availability of capital. Banks and other private lenders around the country have restricted lending, making it difficult for entrepreneurs to start or expand a business.

Rapid Capital Funding can help small businesses get the capital they need. For businesses that accept Visa and MasterCard, virtually instant financing is available through a merchant cash advance. A merchant cash advance is not a loan, but an advance on your business’ future credit card sales.

As the credit card transactions come in, your advance is repaid, so there are no bills to pay. Most merchants who apply for a merchant cash advance are approved without major delays, credit checks, or other requests that a bank or private lender would make. There is no collateral on a merchant cash advance. Best of all, the advance can be in your account in seven business days or less.

Don’t wait around for a bank to approve or deny your loan application, and don’t put off expanding your business. Get the cash you need from Rapid Capital Funding today.

Photo Credit: Sachin Ghodke

Bookmark it