Merchant Cash Advance Can Steady Your Cash Flow

A merchant cash advance from Rapid Capital Funding can help your business maintain adequate cash flow in these uncertain economic times. A merchant cash advance can put the cash you need into your account in a matter of hours. No bank loan will do that.

A merchant cash advance is an alternative to small business loans. There is no long application process, no processing fees, no credit checks. A merchant cash advance doesn’t depend on your good credit, so you don’t get turned down when your credit is less-than-perfect.

Regardless of why you need the money, Rapid Capital Funding can help. Whether you need working capital, money to purchase new equipment, pay for unexpected expenses, make a payroll tax payment, or anything else, the terms of our offer are still the same: you ask, we provide!

Ninety-five percent of businesses that apply for a merchant cash advance get the cash they’re looking for. How does this work? Rapid Capital Funding purchases a percentage of your future credit card transactions. As those transactions come in, we collect our repayment and you collect the cash your business would ordinarily get from a credit or debit transaction involving a Visa or MasterCard. It’s simple!

Better, there are no monthly loan payments to make and our repayment schedule is based on your transactions, so if you have a slow month, you repay at a slower rate. That’s why so many small business owners are moving to merchant cash advances in place of bank loans.

Contact Rapid Capital Funding today for more information on how a merchant cash advance can help your business thrive and grow in today’s tough marketplace.

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Merchant Cash Advance Could Cure Stimulus Cash Flow Problems

If you think a merchant cash advance isn’t for you, hold that thought. The long-awaited stimulus plan has been presented and passed by Congress. The American Recovery and Reinvestment Act of 2009 may hold some nasty cash flow surprises for small businesses however. The package sets aside nearly $25 billion to subsidize health care premiums for recently discharged workers. The new law calls for a 65% subsidy in COBRA payments, but the actual cash comes from the employers themselves.

Under the new law, employers can deduct the 65% premium from their federal payroll tax deposits, but the up-front cash comes from the employers themselves. If you’ve recently laid off employees, or plan to do so in the near future, and those employees have health care benefits, you could be fronting the COBRA subsidy for your employees. Further, if the COBRA subsidy exceeds your payroll deposit, you’ll need to request reimbursement from the Treasury Department. You guessed it: the reimbursement policy is not yet in place.

Health care premiums are expensive, and COBRA payments for separated employees could cost your business thousands of dollars each month. If you experience a sudden cash flow problem, how will you pay your monthly COBRA payments?

A merchant cash advance can give you the cash you need to cover COBRA payments, payroll taxes or unexpected expenses related to your business. And a merchant cash advance is fast, too. Rapid Capital Funding can arrange a merchant cash advance in a matter of days. With a bank you could wait weeks or months for loan funds.

In a recession, the difference between survival and failure is cash. If your business doesn’t have the cash it needs, contact Rapid Capital Funding today and let us show you how we can help.

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A Merchant Cash Advance Can Help You With Payroll Taxes

Nothing in life is certain but death and taxes. And payroll taxes for small businesses are due on Monday, March 16. If you scramble each quarter or half to make your payroll tax payments, consider a merchant cash advance to help you through the rough spots.

A merchant cash advance leverages your future credit card transactions to deliver the cash you need right now. A merchant cash advance isn’t like a loan. There are no long application forms to fill out, no collateral to put up. Your credit doesn’t even play a big role in whether you are approved for your advance.

The major factors in securing a cash advance for your US-based business are whether or not you accept Visa or MasterCard, and whether your business generates credit and debit receipts of at least $2,500 each month. If so, you’re likely to be approved for a cash advance.

Once the cash is in your hands, your credit card transactions go to work to pay back the advance. A small portion of each transaction is diverted to repay the advance. The more transactions you register, the faster your advance is repaid. When business slows down, so does the rate of repayment.

The flexibility of a merchant cash advance means that your repayment matches your business cycles. Rapid Capital Funding also has special restaurant financing plans. You can always get the cash you need to pay bills, buy equipment, or cover unexpected expenses like repairs. You can also use the cash to pay taxes, make your payroll or cover late receivables.

Unlike a bank, we don’t want reams of financial statements, or an explanation of why you need the money. We don’t dive deep into your financial records or make you wait weeks or months for approval. In most cases, we can get you the cash you need in hours or days.

Cash is king and Rapid Capital Funding can help your business get the cash it needs to keep moving, even in these troubled times. Contact Rapid Capital Funding today for more information on how we can help you.

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Cash Is One Key To Small Business Success

If there’s one mistake that new small businesses make consistently, it’s underestimating the amount of cash they need to keep on hand. When a company is in the startup phase, one or two minor disruptions in cash flow can doom a small business.

Once outside of the start-up phase, most entrepreneurs assume that cash flow won’t be a problem. An established customer base, predictable sales and revenue often lull the business owner into a sense of complacency.

Make no mistakes about it. Cash is king. It means the difference between operating and shutting down. Regardless of where your business is in its life cycle, it needs cash to survive, and today’s recession is proving that even established businesses can quickly find themselves on the ropes.

If your US-based business accepts Visa or MasterCard, and can demonstrate credit or debit receipts of $2,500 or more per month, your business most likely qualifies for a merchant cash advance from Rapid Capital Funding.

Rapid Capital Funding is a leader in providing merchant cash advances for businesses of all sorts. In most cases, we can process your request for a cash advance in just 72 hours. Special funding programs are available for high transaction volume businesses like restaurants and bars, too!

You don’t need to worry about getting stranded without the cash you need to pay bills, make your payroll, cover unexpected expenses, or cover customers who are late paying their bills to you. Rapid Capital Funding can float you the cash you need today.

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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.

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Small Business Tax Cuts Would Do More Than Stimulus Plan

SurePayroll, an online payroll service, released the results of a recent survey of small business owners and their impression of the Troubled Assets Relief Program (TARP). Nearly 75 percent of small business owners disagreed with the government’s approach to bailing out the banks as a way to jump-start the economy. Only three percent of respondents felt that the TARP plan would be effective.

The survey showed that small business owners aren’t that keen on a large spending plan, either. Only eleven percent though that massive government spending would improve the economy.

What do small business owners think will work? Nearly fifty percent of survey respondents say that tax cuts would be a better way to get the economy moving in a positive direction again. To date, the TARP plan has not resulted in increased lending to businesses or consumers, primarily because lenders can’t find buyers for new loans on the secondary credit market. Without loan buyers, increased lending isn’t sustainable and banks don’t want to service their loans themselves.

Despite the fact that banks are now flush with cash, they’re not lending it out to consumers or small businesses. This puts small business owners in a bad position. Small businesses have few options when it comes to getting the cash they need to continue or expand their operations.

Some business owners have discovered that a merchant cash advance is the quickest way to get cash fast. A merchant cash advance enables businesses of any size to use future credit card sales to secure cash. A business cash advance isn’t a loan. Credit card transactions repay the advance as they come in, so there’s no monthly bill to pay, and you get the money from your credit card sales up front. You can even request an advance of up to 1.5 times your average monthly credit card sales figures.

Rapid Capital Funding is a trusted leader in merchant cash advances. Don’t wait for the bailout to trickle down to your business. Get the cash you need now with a merchant cash advance from Rapid Capital Funding.

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States Aren’t Always Friendly To Their Small Businesses

Some states are more friendly to small business than others, but US News and World Report has put together a list of the seven worst states in which to start a business, and they’re not likely to be the state’s you may be thinking of. According to USNWR, these seven states could be accused of providing the least helpful or most obstructive business climates for entrepreneurs who want to start a new business.

West Virginia, Iowa, Arkansas, Maine, Hawaii, Kentucky and Montana missed the mark when it comes to supporting new businesses in their states. In many cases, education, infrastructure, taxation, research and development capabilities, access to national and international markets, information technology support and the availability of investment capital make these states among the least desirable places to start and maintain businesses.

For small business owners, some of these considerations are less important than others, but a basic consideration for most small business owners is the availability of capital. Banks and other private lenders around the country have restricted lending, making it difficult for entrepreneurs to start or expand a business.

Rapid Capital Funding can help small businesses get the capital they need. For businesses that accept Visa and MasterCard, virtually instant financing is available through a merchant cash advance. A merchant cash advance is not a loan, but an advance on your business’ future credit card sales.

As the credit card transactions come in, your advance is repaid, so there are no bills to pay. Most merchants who apply for a merchant cash advance are approved without major delays, credit checks, or other requests that a bank or private lender would make. There is no collateral on a merchant cash advance. Best of all, the advance can be in your account in seven business days or less.

Don’t wait around for a bank to approve or deny your loan application, and don’t put off expanding your business. Get the cash you need from Rapid Capital Funding today.

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Small Business Owners Short On Optimism In Q4

A recent Gallup survey of small business owners shows that they plan to ride out the recession by cutting both jobs and spending. The quarterly survey, which was conducted in November 2008 and forms the basis of the Wells Fargo/Gallup Small Business Index, indicates that there is little room for optimism among small business owners who are attempting to survive the recession.

The index, which measures small business owners’ overall confidence in their operations, took a substantial plunge in the fourth quarter, falling 35 points to just ten. That mark is the lowest ever recorded by the index since Q3 2003, the first quarter in which the survey was conducted.

Slightly less than one-third of all survey respondents said that their revenues increased in the preceding twelve month period. In contrast, nearly one-half of survey participants experienced a revenue decline in the same period. Respondents also reported a corresponding decline in capital spending, with only one in five respondents reporting an increase in spending on equipment and facilities. Nearly four in ten respondents said that they have restricted their capital expenditures in response to the sour economy, and say that reduced access to capital in the fourth quarter was hurting their business.

More telling, slightly more than one in ten respondents say that they added personnel to their operations in 2008, and nearly three in ten have reduced staff in response to declining revenues.

While major employers make headlines by slashing thousands of jobs at once, the impact of small business is anything but small. According to the US Small Business Administration, nearly all of the nation’s employers are classified as small businesses, and provide slightly more than half of all private-sector jobs.

Some states aren’t waiting for the federal government to finish its stimulus package. They’re looking for ways to support their small business owners. Texas governor Rick Perry is proposing to eliminate state taxes on businesses that register less than $1 million in currently taxable revenue. The move is designed to encourage startup companies, and is seen largely as a win for companies in Texas, who paid nearly $83 million in taxes in 2006, just two percent of the state’s overall tax revenues, yet make up 80 percent of the state’s employing firms.

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