Merchant Cash Advance May Take The Place Of A Small Business Loan

Form small businesses today, the need for cash is acute. Getting cash, however, is not as easy as it once was. This inability to get cash can be deadly for a small business; that’s why so many businesses are turning to a merchant cash advance.

Merchant cash advances are easier to get than small business loans. There are few forms to fill out, and no long waiting periods. Credit history is a major determinant in the small business loan process, but merchant cash advances work much differently.

If your business accepts Visa or MasterCard, is registered in the US and generates at least $2,500 in credit and debit receipts each month, you’re more than likely eligible for a merchant cash advance. About ninety-five percent of business owners who apply for a merchant cash advance are approved. That means you can get the money your business needs in a matter of days, not the weeks or months it would take to get your loan approved through a bank.

There’s no collateral to put up, no guarantees to make. Just cash. Fast.

Rapid Capital Funding specializes in getting businesses the cash they need fast. Advances of as much as 1.5 times the amount of your monthly credit and debit receipts are available, as are special financing programs for high-transaction volume businesses like restaurants and retail outlets.

Your advance is repaid as future credit card transactions come in. The more transactions you register, the faster your advance is repaid. When your business slows down, your advance repayment does, too. That’s why so many business owners like merchant cash advances. Their flexible repayment fits in with your monthly sales cycles.

Contact Rapid Capital Funding for more information about merchant cash advances and what they can do for your business.

Photo Credit: Pedro Simão

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