Gas Station Business Financing Merchant Cash Advance

Lawmakers in California have agreed to concessions for gas station owners who were unable to obtain gas station business financing that would enable them to comply with new clean-air regulations that took effect in California on April 1. Gas station owners who could not meet the deadline will receive refunds of most penalties collected. Future sanctions will also be capped.

The state required new vapor recovery systems to be installed at every California gas station. The cost of the systems can exceed $50,000 per station. Officials estimate that only about 70% of the state’s 11,000 gas stations have installed the new systems.

The fine caps are in place until December 31, 2009 for station owners who tried in good faith to install the systems, but couldn’t find financing, get construction permits or find contractors before the April 1, 2009 deadline.

Gas station business financing is readily available from Rapid Capital Funding. Our merchant cash advance can provide the funding you need for improvements, expansion, emergency repairs or whatever else you need to keep your gas station business running.

As a business loan alternative, nothing beats a merchant cash advance for businesses that have a high volume of credit card transactions. A small portion of each transaction is used to repay the merchant cash advance. The rest of the transaction comes back to you. The merchant cash advance’s flexible repayment plan also means that you keep 100% of your cash sales. Only your credit and debit transactions are used to repay your merchant cash advance.

Gas station business financing without the hassle. Contact Rapid Capital Funding today for more information about this exciting business loan alternative.

Photo Credit: Dave-mcmt, via Flickr

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