Merchant Cash Advance May Be Part Of Survival Plan

For small businesses, even in a positive economy, survival takes a lot of work. In a down economy, every move must be considered carefully because there’s little room to recover from missteps. One mistake that small businesses make consistently is not having enough cash on hand to respond to emergencies, and unforeseen delays in collecting receivables. For some businesses, a merchant cash advance can help.

A merchant cash advance provides the money you need now. Each cash advance is backed by your future credit card transactions. Each time you accept a credit card, a small percentage of your sale goes to repay the merchant cash advance. In this way, you can leverage your future transactions to get the cash you need when you need it. There are no delays in getting the cash, either. Most merchant cash advances can put money in your account in less than 72 hours. You can’t say that about a bank loan.

Also, there’s no need to provide collateral, personal guarantees or fill out long application forms. If your business is registered in the US, accepts Visa or MasterCard and generates credit or debit receipts of at least $2,500 per month, you’re likely to qualify. Ninety-five percent of applicants do – even those with less-than-perfect credit.

Don’t get caught without the cash you need. Contact Rapid Capital Funding today and get the cash you need for your small (or large!) business.

Photo Credit: Peter Gerdes

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