Financing For High-Risk Businesses: Merchant Cash Advance
Financing for high-risk businesses has seemingly disappeared. Banks don’t want to take on any risk, even from businesses that are normally classified as low-risk ventures. High risk businesses include travel businesses, multi-level marketing businesses, and e-commerce businesses.
In spite of the risk, entrepreneurs can and do succeed in high-risk businesses, but finding financing will always be challenging. That’s where Rapid Capital Funding can help. Our merchant cash advance is a business loan alternative that can get you the funding you need in a matter of hours.
Rapid Capital Funding doesn’t consider the same criteria that banks do, so high-risk businesses are welcome. Businesses with bad credit and no credit are also welcome. For Rapid Capital Funding, the decision to grant a merchant cash advance depends primarily on your monthly Visa and MasterCard credit and debit receipts.
If your high risk business generates at least $2,500 each month in Visa and MasterCard receipts, you’re likely to qualify for a merchant cash advance. Since the merchant cash advance is a business loan alternative, you won’t find other typical loan requirements like minimum monthly payments, collateral, personal guarantees, and credit checks. What matters is the volume of your credit and debit transactions. Each transaction you make helps to repay your merchant cash advance, and you get to keep 100% of your cash transactions.
Contact Rapid Capital Funding today to see whether our merchant cash advance just may be the business loan alternative you’ve been looking for!
Photo Credit: Hugo VK, via Flickr
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