Home Improvement Business Financing: Business Loan Alternative

The recession has had a definite impact on home remodeling projects. The value of permits being sought is off by more than 40 percent in one four-county region in Southern Ohio. The drop was measured over a two-year period, beginning in 2007. This slowdown in home improvements has made finding home improvement business financing more difficult.

Permit activity does pick up in the second and third quarters of the year and now is the ideal time to introduce new products and services that help distinguish your business from the crowd. If you can’t get the home improvement business financing you need to take on new jobs, hire subcontractors buy materials or expand your service offerings, contact Rapid Capital Funding for information on a business loan alternative known as a merchant cash advance.

A merchant cash advance enables you to sell a portion of your future Visa or MasterCard transactions in exchange for cash up front. As the transactions are processed, a portion of each sale goes to repay the merchant cash advance. The rest is returned to you.

A merchant cash advance is a great business loan alternative. You get cash fast with no monthly payments, no long approval period, no collateral and no personal guarantees. Since your repayment is tied to your business cycle, you aren’t tied to a specific repayment amount each month.

If your home improvement business accepts Visa or MasterCard and generates at least $2,500 in credit or debit card receipts, your business is likely eligible for a merchant cash advance. Since the merchant cash advance doesn’t depend upon your credit, even businesses with bad credit can qualify.

Contact Rapid Capital Funding today to find out how to put your future credit card transactions to work for you right now!
Photo Credit: Chris Harrison, via Flickr

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