Beauty Salon Financing Business Loan Alternative

If you’re inspired by rags-to-riches stories, you’ll find one in Rosie Herman. Herman was a Houston-area manicurist who started mixing her own beauty products in her kitchen. She found a willing market among local beauty salon owners, and her business has grown steadily since. You may think that the recession would have curbed her business, and for her US customers, that’s true. But she now also sells her products to salons throughout Europe, North America and other places – and those revenues are still rolling in.

You may have a wonderful idea, but if you can’t find beauty salon financing to get it moving, you may never know the success that Rosie Herman has experienced. Rapid Capital Funding can help, by providing a business cash advance for your business.

A business cash advance can be used for anything you want or need. We don’t place restrictions on how you use the money. A business cash advance is a business loan alternative that enables you to sell a portion of your future credit card transactions to Rapid Capital Funding for instant cash. As your business generates Visa or MasterCard sales receipts, your business cash advance is repaid.

There are no monthly minimum payments to make and you don’t need to guarantee repayment or put anything up for collateral. Better still, your credit record doesn’t really matter. Our decision to purchase your transactions is based primarily on your transaction volume. If you generate more than $2,500 each month in Visa or MasterCard credit or debit receipts, you’re likely qualified for a business cash advance.

Don’t let the recession defer your dreams. Get the beauty salon financing you need to expand your business or provide new services. Contact Rapid Capital Funding today.

Photo Credit: Mark Menzies

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Beauty Salon Financing Through A Merchant Cash Advance

No one is saying that beauty salons are recession-proof, but they certainly are recession-resistant. While do-it-yourself beauty treatment sales are up, so are salon visits. Resiliency during a recession makes beauty salons a business worth looking at, but banks aren’t interested in lending money right now. If you’re looking for beauty salon financing, Rapid Capital Funding can help.

A merchant cash advance isn’t a loan; it’s a business loan alternative that makes sense for businesses like beauty salons.

With a merchant cash advance, you sell a portion of your future credit card transactions. In return, you get cash up front, without the hassles that typically come along with borrowing money from a bank. There are no long application forms, no waiting to find out if you’ve been approved, and you don’t have to put up collateral.

Better still, there are no monthly payments to make. Each transaction you process helps to repay your merchant cash advance. You get the beauty salon financing you need without having to explain what you’re going to do with the cash. You have no monthly payments to make and your repayment schedule depends upon your business cycle. When transactions are high, your merchant cash advance is repaid faster. When your business slows down, so does your repayment. You don’t have to commit a fixed amount of cash each month to repaying your merchant cash advance.

Contact Rapid Capital Funding today and let us show you why a merchant cash advance is the right business loan alternative for you!

Photo Credit: Jeremy Brooks

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Beauty Salon Financing: Business Loan Alternative

If you own a beauty salon and you are worried about the recession, you may be surprised to learn that many salons are doing just fine. In fact, some salons have expanded their businesses to include massage therapy and yoga to meet customer needs. Finding beauty salon business financing can be tough these days, but for business owners who are willing to take a chance, the payoff of expanding your beauty salon business can be handsome.

If you’ve approached a bank for a business loan and have been turned down, or have less-than-stellar credit but still want to take advantage of this surprise opportunity, consider a merchant cash advance from Rapid Capital Funding.

A merchant cash advance is a business loan alternative that’s ideal for small businesses who may otherwise not qualify for a business loan from a bank. With a merchant cash advance, there are no fixed monthly payments, no collateral - not even a payment due date! How is this even possible?

With a merchant cash, you factor a portion of your future transactions. Rapid Capital Funding will buy a portion of your transactions and in exchange, you get the beauty salon financing you need to expand your business, hire new staff, add new equipment, lease new space or whatever else you might need to take advantage of this opportunity.

Good credit isn’t a strict requirement; in fact, your credit really doesn’t factor into the equation. If your business is based in the US, accepts Visa or MasterCard and generates at least $2,500 per month in credit and debit receipts, you’re likely qualified to receive a business loan alternative based on as much as 1.5 times your monthly credit and debit receipts.

Yes you can expand, even in a recession. Contact Rapid Capital Funding today and see how you can turn your credit and debit transactions into the beauty salon business financing you need to make your business grow!

Photo Credit: Jennifer Brown

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Thinking About A Merchant Cash Advance?

 

If you’ve never gotten a merchant cash advance before, you probably have some questions about how the process works, and the potential risks and rewards of working with a merchant cash advance provider. The truth is that merchant cash advances are growing at a double-digit rate as small businesses look for ways to shore up their cash flow, or get financing that banks and private lenders won’t provide.

 

Ideally, merchant cash advances work best for businesses that have a lot of credit card transactions. These businesses include bars, restaurants, retail outlets, and personal service providers like dentists and hair stylists. The cash advance, which is usually capped by the amount of monthly credit and debit card receipts, is paid back over time (often a period of months). A small amount of each credit card transaction is forwarded to the advance company to repay the advance. Normally, the advance is paid back as a percentage of sales volume, so when sales are down, the repayment amount also decreases.

This is great for businesses that need a healthy cash flow to remain in operation. Merchant cash advances can be used for just about anything – paying bills or taxes, shoring up cash reserves, covering unexpected expenses, financing an expansion or just about anything else you have in mind. There are no monthly bills to pay – the repayment occurs as credit card transactions are processed.

It’s important to understand the agreements you enter into when you accept a merchant cash advance. Most business owners who have gotten a merchant cash advance report that they are very satisfied with the transaction. Some businesses have an advance agreement that works like a line of credit, so they can draw on cash whenever they need to. Other merchants use merchant cash advances only for those occasions when they need cash immediately.

Rapid Capital Funding can help you secure a merchant cash advance for your business. If you’d like more information about how a merchant cash advance can work for you, contact Rapid Capital Funding today.

Photo Credit: Lotus Head

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