Taxi And Limousine Business Financing: Business Loan Alternative

New York cabbies can’t catch a break. A bill that was supposed to take effect at the beginning of 2009, which required new cabs to achieve an average fuel economy of 25 mpg or more, got sidelined due to safety considerations, but business has been slower than usual. Statistics released by the New York Taxi Workers’ Alliance shows that New Yorkers are now taking about 12,000 fewer trips per month than they did in January 2009. The loss of income will make taxi and limousine business financing more difficult to find.

A from Rapid Capital Funding may provide the taxi and limousine business financing your business needs to provide service, regardless of where you are in the US. A merchant cash advance is a business loan alternative that your taxi and limousine business needs to know about!

A merchant cash advance enables you to sell a portion of your Visa and MasterCard credit and debit transactions for cash up front. You can use the cash for anything – buy new vehicles or repair the ones you have. You can even use the cash to purchase new bond plates when they’re available.

Rapid Capital Funding isn’t like a bank, so you won’t find long application forms, interminable waiting to find out if you can have the cash, or stiff monthly loan payments. Since your payment is tied to your credit transaction volume, the advance is repaid faster when business is good, and slows down when your business slows down. As a business loan alternative, a merchant cash advance is hard to beat!

Contact Rapid Capital Funding today to see what a merchant cash advance can do to provide the taxi and limousine business financing you need to keep rolling!

Photo Credit: Daniel Carrus

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