Minority Business Financing: Merchant Cash Advance

When it comes to minority business financing, small business owners have few options. Although government programs exist specifically to provide minority business financing, many small business owners can’t or don’t take advantage of them for one reason or another. Small business loan volumes have evaporated as bank lending standards have tightened. Small business owners may be forced to remortgage their homes or other assets just to get the minority business financing they need to operate their businesses.

For some, an ideal financing option is a merchant cash advance from Rapid Capital Funding. A merchant cash advance isn’t based on your credit, and it isn’t a loan. With a merchant cash advance, you sell a portion of your future credit and debit transactions for cash up front. Your credit is virtually irrelevant because the merchant cash advance is based on the Visa or MasterCard transaction volume of your business.

As the transactions come in, a portion of the sale is used to repay the merchant cash advance. The rest of the transaction cash comes back to you. There are no monthly payments to make, no collateral to put up and no personal guarantees. You get the minority business financing your small business needs, and repayment is a breeze.

Contact Rapid Capital Funding today and learn how you can use a merchant cash advance to take your business to the next level.

Photo Credit: Eric Mesa, via Flickr

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