Stop Looking For An Unsecured Business Loan!

Stop looking for an unsecured business loanunsecured business loan and start talking to Rapid Capital Funding! Rapid Capital Funding offers your business the opportunity to provide its own financing through credit card factoring.

Businesses of all sizes factor all the time. When you work with Rapid Capital Funding, you sell a small portion of your future credit card transactions to us, and we provide the cash your business needs to do whatever you like. There are no restrictions on how the money is spent. Repayment terms are easy, too. Your repayment occurs each time your business processes a Visa or MasterCard credit or debit transaction. A small portion of each sale is returned to us to repay your advance and the rest of each sale comes back to you. You get the credit you need without interrupting your cash flow.

Contact Rapid Capital Funding today for more information on our merchant cash advance and learn how credit card factoring can help your business grow!
Photo Credit: Hansol, via Flickr

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Small Business Cash Flow Hurt By Credit Markets

About 50% of all small businesses depend upon their credit cards for short-term financing. Until recently, the system worked well for small business owners who needed to float loans for a little while. In the past several months, however, credit card interest rates have doubled and in some cases tripled. In addition, small business owners are finding that their credit lines have been cut. In all, nearly $3 trillion have been removed from the “available credit” market.

For some small business owners who depend on the cards, these changes can cause cash flow problems. Rapid Capital Funding offers small business owners another way to get the cash they need for their businesses. A merchant cash advance enables you to turn your future credit card transactions into cash right now.

If your business accepts Visa or MasterCard, is registered in the United States and generates $2,500 or more in credit or debit transactions each month, you may qualify for a merchant cash advance. With a merchant cash advance, you receive money for your future credit card transactions. As those transactions come in, a small percentage is diverted to repay your cash advance.

This gives your business the flexibility to get cash when you need it, without a long waiting or approval process, monthly repayments, collateral or personal guarantees. Think of this as a “cash-on-demand” option for your business. We have special financing plans for restaurants, too!

Most applications are processed and funded within three days. You won’t get that kind of response from a bank! If your small business needs cash and your bank isn’t talking to you, contact Rapid Capital Funding today and let us show you how to put credit cards back to work for you!

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Receivables Can Make All The Difference For Small Business

Small business has a more difficult time weathering an extended receivable cycle than a large business does. Right now, many other businesses are surviving the economic down turn by delaying payments to vendors and creditors. For small business owners, getting paid is critical because it means the difference between staying in business and closing up shop.

To avoid turning collections into a full-time job, some small business owners are looking for reasonable options that will bolster their cash flow and help them stay in business at the same time. The solution for some small businesses is a merchant cash advance.

If your business accepts Visa or MasterCard, is based in the US and generates at least $2,500 per month in credit and debit card receipts, your business likely qualifies for a merchant cash advance from Rapid Capital Funding. A merchant cash advance puts the cash you need in your hands, often within 72 hours. You won’t find that kind of responsiveness from banks and other lenders.

A merchant cash advance simply leverages your future credit card sales today. As credit and debit card transactions are made, a small portion of the sale goes to pay back your merchant cash advance. There are no monthly loan bills to pay, and you get the cash you need up front.

With a merchant cash advance from Rapid Capital Funding, you don’t need to tell us what you plan to do with the money. You don’t need to show us reams of financial statements. You don’t even need to have perfect credit. We can help most merchants that meet our basic lending standards. In fact, 95% of merchants who apply for a merchant cash advance will qualify.

Don’t let slow receivables burn your small business. Contact Rapid Capital Funding today for help.

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New AmEx Survey Says Small Business Has Hit Bottom

A new OPEN Economic Pulse survey conducted by American Express shows that the worst of the recession may be over. While the survey paints an optimistic picture of the country’s financial situation, other experts aren’t so sure.

According to the survey, an online poll of 600 owners or managers of companies with fewer than 100 employees, things started looking up in October of 2008. Fewer small businesses are now worried about closing their doors, and 25% more of small businesses expect their operations to grow, compared to the responses given in a similar survey taken last October.

In terms of payroll, only 17 percent of small businesses plan to hire full-time or part-time employees in the near future and eight percent are planning to cut staff. Small business owners are also reporting that it is taking them longer to get paid than in the past. Other survey results show that fewer small business owners are being affected by tightened credit restrictions, small businesses owned by women are having a more difficult time paying their bills, and two-thirds of small business owners think that their businesses are being threatened by economic factors over which they have no control.

The survey paints a better picture for small business than the economic advisors are. New reports show that the economy may contract by nearly 2 percent in 2009, five times higher than originally anticipated. While credit may be loosening somewhat, the survey still shows that more than half of all respondents have been negatively affected by the credit squeeze.

If you own a business in the US, accept Visa or MasterCard and have credit or debit sales of at least $2,500 per month, a merchant cash advance can put the cash you need into your account today. A merchant cash advance doesn’t come with the same restrictions a loan does. You don’t need to justify your need for the money. Simply fill out an application and Rapid Capital Funding will do the rest.

Ninety-five percent of the merchants who meet the general guidelines for a merchant cash advance are approved, and have the cash they need flowing into their business in a matter of days. Whether you want to pay bills, expand your business, cover unexpected expenses or just increase the cash you have on hand, Rapid Capital Funding can help.

Photo Credit: Konrad Mostert

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Need A Business Loan? Try A Merchant Cash Advance Instead

Credit is tight and businesses aren’t getting the money they need from traditional funding sources. Bank loans are hard to come by if your credit is good, and if your credit is less than perfect, your chances of getting a business loan with an affordable interest rate are close to nil.

More businesses are turning to merchant cash advances as an alternative to business loans. Merchant cash advances aren’t loans in the traditional sense. There are no long application forms to fill out, no excessive documentation, no long waiting periods. Better still, there’s no collateral to put up and no personal guarantees to make.

A business cash advance in amounts up to $250,000 can be had in just a matter of days. There are no monthly loan payments to make and even businesses with damaged credit can qualify for a merchant cash advance.

How is this possible? A business cash advance through Rapid Capital Funding is based on your future credit card sales. That’s right…. you can get the money you need now instead of waiting until your credit card sales are turned over to you. As the sales come in, your cash advance is repaid. Simple. No new bills, no balloon payments. Just the cash you need when you need it.

Your business can qualify for up to 1.5 times the amount of your normal monthly credit card sales, too. That means you have fast access to the cash you need to keep your business running. You won’t have to answer a lot of questions, or go through a long approval process. You don’t need to explain why you need the money or what you intend to do with it. You don’t need to produce months or years’ worth of financial documents pertaining to your business. You simply need to ask for the money.

If your business is based in the US, accepts Visa or MasterCard and has a credit transaction volume of at least $2,500 per month, you’re likely to be in the 95% of businesses that will qualify for a merchant cash advance from Rapid Capital Funding.

Rapid Capital Funding works with North American Bancard, a company that processes more than $6 billion in credit card transactions for banks like HSBC, National Association and Wells Fargo Bank. The process of getting a merchant cash advance from Rapid Capital Funding is simple and fast. Once you’ve done it, you may wonder why you’d ever consider asking for a bank loan again.

If you need cash for your business and your bank has turned you down, or can’t move fast enough to help you, contact Rapid Capital Funding and let us get you the cash you need today.

Photo Credit: Steve Woods

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Restaurant Financing In Short Supply During Recession

The stories are similar from Portsmouth, NH to Miami, FL, to Canton, OH and even Chicago. Restaurants aren’t immune from the economic downturn. Portsmouth, NH diners are reeling from the successive losses of three downtown area restaurants in the last week alone. One new restaurant, which barely made it to its first anniversary in Miami, has also closed. Restaurant financing isn’t far from the minds of business owners these days.

One restaurant owner in Canton, OH is angry because recent parking meter increases that tripled the cost of street parking near her establishment, combined with the doubling of parking ticket fines, has cut into her business. In Chicago, more than 130 restaurants have banded together to participate in Chicago Restaurant Week. These high end establishments are putting on the dog when it comes to attracting new diners to their establishments. Diners will find great deals on luxurious lunch and dinner dining at substantially reduced prices, through February 27. Last year, a similar event increased sales by 20 percent.

While restaurant owners will tell you that the reason for closures is “not enough business,” proper capitalization also plays an important role. Businesses like restaurants need to be properly capitalized to build up repeat business, especially in hard times, when restaurant dining is one luxury that many people eliminate.

Rapid Capital Funding has a special restaurant financing program designed to deliver the cash restaurants need fast. If your US-based restaurant accepts Visa or MasterCard, is current on its lease and generates at least $2,500 in monthly credit card receipts, your restaurant is likely eligible for our special restaurant financing plan. You can get the cash you need now to cover payroll, buy new equipment, expand your business, pay unexpected expenses or just weather the downturn, and you can do it without incurring new monthly payments.

If you are interested in learning more about Rapid Capital Funding’s restaurant financing program, contact us today!

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Fiorina Says That Small Businesses Will Drive Economic Recovery

For owners looking for small business capital opportunities in the freshly inked stimulus package, there’s not much of real value. According to Carly Fiorina, former CEO of Hewlett-Packard, small business – not government spending – will drive the economic recovery in the US. Fiorina was delivering the keynote address at the International Franchise Association meeting yesterday.

Fiorina expressed concern that the stimulus plan applies Depression-era corrections to a 21st century problem, and that the spending package won’t address the real needs of the sectors that will actually deliver the economic recovery.

Analysts have indicated that the stimulus plan isn’t by itself friendly to small business. While it does extend some tax credits and increase some caps for depreciation and other business expenses, it doesn’t do much to help small businesses expand, create jobs or spur sales.

Cash flow is a primary consideration of small businesses. Many franchise operations need a steady source of income to make payroll, buy supplies and pay bills. Other small businesses need ready access to credit, so that they can make purchases and start projects on short notice.

For these businesses, bank loans may be out of the question. Banks have restricted lending, even to businesses that have excellent credit and payment histories. These restrictions make it tough on small businesses to land contracts and deliver services in a sour economy.

A merchant cash advance may be the ideal solution for certain businesses. If your US-based business accepts Visa or MasterCard and registers credit sales of as little as $2,500 per month, your business could be eligible for a merchant cash advance.

For more information about a merchant cash advance, or to see if your business qualifies, don’t wait! Contact Rapid Capital Funding today!

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Don’t Wait For Stimulus Plan, Create Your Own Small Business Financing

If you own a small business and are hoping that the much-discussed economic stimulus plan will help you out, you may be disappointed. That doesn’t mean, however, that your fortunes are left up to fate. Despite the lending slow-down, and the downturn in consumer spending, your business can survive and thrive, thanks to a merchant cash advance from Rapid Capital Funding.

Your small business could be eligible for as much as $250,000 in cash in just a matter of days. In most cases, Rapid Capital Funding can put the cash you need into your hands in just 72 hours. Special programs for restaurant owners mean that you’ll always have the cash you need to pay your bills, expand, buy the supplies you need and weather the downturn.

If your business is registered in the United States, you’re current on your lease and you accept Visa or MasterCard with more than $2,500 in credit sales each month, you’re eligible for our restaurant financing program. Stop worrying about where the cash will come from. Our restaurant financing program leverages your future sales to deliver the cash you need right now. There are no restrictions on how you can spend your cash.

Call Rapid Capital Funding today or apply online for our restaurant financing program.

Photo Credit: Steve Woods\

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State Laws May Boost, Bust Bar Businesses

Fifteen states prohibit the sale of liquor on Sundays but six of them may be rethinking their prohibition on booze. Alabama, Connecticut, Georgia, Indiana, Minnesota and Texas may dump their bans on Sunday drinking. One of the prime motivators for Sunday liquor sales is the tax revenue such sales can generate. According to the Distilled Spirits Council, such a move would increase state liquor revenues by 5-8 percent, and would have a similar effect on bar businesses.

Liquor sales tend to weather recessions well, and all states control the sale, alcohol content – and in some cases the price – of liquor. Along with the sales, the states impose taxes on liquor, and its performance during a recession makes it an attractive target for lawmakers looking to line the state coffers with a little extra silver.

According to the Distilled Spirits Council of the United States, liquor revenues rose almost 3 percent in 2008. While that may seem like a bright spot in an otherwise slow economy, annual average growth has been measured at about 6 percent per year since 2000. Nearly half of all states are currently considering proposals to raise liquor taxes.

The regulation of liquor sales is of prime importance to entrepreneurs in the bar business. Other laws not directly related to liquor - like bans on smoking in public – can also make a noticeable impact on a business’ bottom line. North Carolina is currently considering a statewide ban on smoking in restaurants and bars. Bar owners there are concerned that a ban would reduce their already-suffering revenues. In addition to banning smoking in bars, the new law – if approved – would prevent smokers from lighting up in public work spaces, bowling alleys and restaurants.

Restaurants and bars are already feeling the effects of the recession. Regular patrons are cutting back on their expenses, and dining seems to be a favorite cutback target. The instability of the economy can take its toll on a restaurant or bar. Periodic dips in cash flow can create problems.

That’s where a merchant cash advance can help. A merchant cash advance isn’t a loan; it’s an advance on your future sales. If you own a business that accepts Visa or MasterCard, and has credit sales of at least $2,500 per month, a merchant cash advance can put money in your hands quickly and without the hassle of a bank loan. Ask about our special restaurant financing program.

Ninety five percent of merchants who apply for a merchant cash advance are approved and the money can be in your hands in seven business days or less. Even businesses with less-than-perfect credit can receive cash advances.

When your business is on the line, don’t wait. When you need cash, contact Rapid Capital Funding and ask about a merchant cash advance for your business.

Photo Credit: Rob Owen-Wahl

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Small Business Index Shows Confidence Eroded In January

According to the National Federation of Independent Businesses, small business owners’ confidence in the economy and in their businesses dropped to the second-lowest level ever recorded by the NFIB in the organization’s 35-year history. The NFIB’s Small Business Optimism Index fell to 84.1, from 85.2 in December 2008.

The organization remains hopeful that signs of recovery will begin to appear in the second half of 2009, but acknowledges that any recovery is unlikely to begin through the second quarter of the year. In addition to the glum outlook for businesses, small business owners reported a significant decline in average employment in January, though capital expenditures remained steady in January, after falling five points in December. Nearly 60 percent of respondents reported a drop in profits in January.

The NFIB says that the number of deferred expenditure plans rose two points, but reports that owners aren’t making big plans to build inventories, and 20 percent fewer businesses expect to see their sales rise, an overall drop of 2 points. The outlook for expected credit conditions was largely negative, dropping fourteen percent from January. Four percent of respondents indicated that credit and financing are their single most important problems right now. Thirteen percent of respondents say that loans are harder to get now than in the past, and demand for loans is at a low.

The drop in loans could signal tough times ahead for some small businesses. Combined with tightened lending restrictions, some small businesses that would normally borrow to get through rough spots aren’t able to get the operating capital they need to stay afloat.

For some businesses, an alternative to a loan is a merchant cash advance. A merchant cash advance can put the cash you need in your hands right away, without the weeks or sometimes months of waiting that can accompany a traditional loan. Even businesses with less-than-perfect credit can qualify.

A merchant cash advance isn’t like a loan. Instead, it’s a cash advance on your future Visa and MasterCard credit transactions. Your cash advance is repaid as you take in new transactions. Nothing could be easier! Most advances are delivered in less than seven business days, and you can request an advance of up to 1.5 times your normal monthly credit card receipts. There are no restrictions on how the cash is used, and 95% of all applicants are approved for the advance.

If you need cash to keep your business moving, turn to a name you can trust: Rapid Capital Funding.

Source: NFIB
Photo Credit: Ben Earwicker

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