A Small Business Loan Alternative for Minority Business Loans

For entrepreneurs looking for minority business loans, the recovery hasn’t been going smoothly. Earlier this month, Vice President Joe Biden told reporters that he’s ordered all departments to devise plans to make more minority business loans available. Biden says that 20% of the government’s $870 billion recovery program dollars are earmarked for minority businesses, but few minority business loans have been issued.

Getting a minority business loan isn’t easy, but Rapid Capital Funding’s small business loan alternative is! Business owners who generate at least $2,500 each month in Visa or MasterCard receipts can get a merchant cash advance that puts cash in your pocket today. There are no loan guarantees to make, no collateral to put up and no long waiting periods to find out whether you’ve qualified for the cash.

Your future credit card transactions can self-fund your business. With a merchant cash advance, you get the cash up front and repay the advance with a small portion of each credit card transaction. Most minority business loans fail because the applicant can’t pass the bank’s stringent credit checks. By contrast, 95% of Rapid Capital Funding’s merchant cash advance applicants get their cash within days. What’s the difference? Rapid Capital Funding doesn’t rely on your credit report to make its funding decisions. Instead, Rapid Capital Funding relies on your business’ transaction track record. If the transaction volume is there, you get the cash.

When you’re looking for a minority business loan, who would you rather go to? A funder with a record of rejecting applicants or one with a record of putting cash in applicants’ pockets? Contact Rapid Capital Funding today for more information about our merchant cash advance.

Photo Credit: Bryan Rosengrant, via Flickr

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