Automotive Business Financing: Business Cash Advance

According to a new study by Frost & Sullivan, consumers are spending more to repair their vehicles and expect cars to last longer. The primary motivators for the consumer shift are the rising cost of gasoline, the economic uncertainty and fears of job loss. This means demand for automotive maintenance professionals is up as is the demand for automotive maintenance. If you own an automotive repair shop and are looking for automotive business financing, a business cash advance from Rapid Capital Funding may be just the small business loan alternative you’re looking for.

For businesses that accept credit cards, there’s no easier way to find automotive business financing than a business cash advance. You sell a small portion of your future credit card transactions in exchange for cash. Use the money for anything you want: pay bills, pay taxes, upgrade your workspace, make improvements or repairs, or even expand your business.

With a business cash advance, there is no monthly minimum payment to make. Each time you process a credit card transaction, a portion of the sale goes to repay the small business loan alternative and the rest comes back to your business. It’s a great way to get the cash you need, and you don’t need to worry about whether or not you’ll qualify. Ninety-five percent of businesses that generate at least $2,500 monthly in Visa or MasterCard receipts will be approved for a merchant cash advance.

Your credit doesn’t matter much either. Good credit, bad credit or no credit, Rapid Capital Funding will assess your application in a matter of hours. You can get the cash you need now, instead of waiting for weeks to find out that you’ve been turned down for a bank loan.

Contact Rapid Capital Funding today and let us show you how our small business loan alternative can get your automotive business rolling!

Photo Credit: Jim Roberts, via Flickr

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