Minority Business Loans: Business Cash Advance

A recent study commissioned by the Latino Business Chamber of Greater Los Angeles showed that more than half of all minority-owned businesses are Latino-owned and these businesses generate more than $35 billion in that area annually. In addition, the number of Latino-owned businesses is growing in areas that are critical to recovery from the recession: construction, manufacturing and retail. Unfortunately, what business owners most need right now – capital – is largely unavailable when small business operators seek minority business loans.

Rapid Capital Funding offers a business loan alternative that doesn’t require extensive credit checks, long application forms, weeks or months worth of waiting to find out if you’ve been approved, personal guarantees or collateral.

If your minority business generates at least $2,500 each month in Visa or MasterCard credit or debit receipts, you’re likely qualified for a business cash advance from Rapid Capital Funding. With a business cash advance, you sell a portion of your future credit card transactions to Rapid Capital Funding in exchange for cash up front. There are no monthly minimum payments to make because each time you process a credit card transaction, a small portion of the sale is used to repay your business cash advance. The rest of the money comes back to you!

Finally, you can get the cash you need to finance your business, expand your inventory, hire new workers, buy materials or do whatever you need to do. There are no restrictions on how the money is spent. Contact Rapid Capital Funding today and get the minority business financing you need to grow your business.

Photo Credit: Andy Hurvitz, via Flickr

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