Liquor Or Party Store Business Financing: Business Loan Alternative

Liquor stores are still doing well in the recession. According to liquor store business owners, shoppers are still buying alcohol and spending about the same as they have in the past, but are showing a preference for the less expensive brands. As an added boost, more customers are dining at home, and using liquor to add a special touch to meals.

Liquor store businesses are also reporting that their customer base is expanding, which has erased what would otherwise be losses from reduced spending. The figures are more than anecdotal; the State of New Jersey reports that its liquor tax revenue increased from $100 million in 2005 to $104 million in 2008.

Why are people drawn to liquor in a recession? In an Interview with the Newark Star-Ledger, Lew Rothbart, the Executive Director of the New Jersey Licensed Beverage Association says that a wide variety of choice among alcoholic beverages enables it to ride out recessions easier than many other non-essentials.

For owners who are looking for liquor store business financing to expand or enhance their operations, consider a merchant cash advance from Rapid Capital Funding. A merchant cash advance is a business loan alternative designed with small business in mind.

There are no monthly minimum payments to make, no collateral to put up and no personal guarantees associated with this business loan alternative. You get the cash you need up front by selling a portion of your future credit card transactions to Rapid Capital Funding. As the transactions come in, you repay your merchant cash advance with a small percentage of each sale. The rest is returned to you.

You can get the financing you need often within hours of submitting your application. Our funding decisions are fast because we don’t need a lot of paperwork to evaluate your application. Whether you have good credit, bad credit or no credit, your business is likely qualified for a merchant cash advance if you generate more than $2,500 per month in Visa or MasterCard receipts. If only bank loans were this simple! Contact Rapid Capital Funding today and get the liquor store business financing you need now!

Photo Credit: Tom Spaulding, via Flickr

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Tight Credit For Small Businesses

Small businesses are in a fight for their very survival. At a time when small businesses need credit more than ever, most banks are restricting credit. For businesses like restaurants and bars, financing under these restrictions can be deadly.

The recession has hit these - and many other small businesses - hard. Cash flow, especially during a recession, is the difference between businesses that survive and those that don’t.

For businesses that have been turned down for loans or lines of credit, another option exists. For US-based businesses that accept Visa or MasterCard, and have receipts of at least $2,500 per month, a merchant cash advance can provide cash for your business whenever the need arises.

A merchant cash advance from Rapid Capital Funding leverages future credit card sales. As the credit card transactions come in, the advance is repaid, along with a small transaction fee. There are no monthly loan payments to make and no balloon payments. As your sales come in, your cash advance is repaid.

Ninety-five percent of merchants who apply for a cash advance get the cash they need within 72 hours. Rapid Capital Funding also has a special restaurant financing program to meet the special needs of restaurant and bar businesses.

Don’t go without the cash you need to make your business run smoothly. Contact Rapid Capital Funding for your merchant cash advance needs.

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