Merchant Cash Advance May Perk Up Small Business Cash Flow

A merchant cash advance may be the ideal solution for businesses looking for fast cash to help them pay bills and stay solvent in the face of a deepening recession.

According to the latest survey from the National Federation of Independent Businesses, the group’s Index of Small Business Optimism dropped by 1.5 percent to 82.6 from January’s figures. The group’s chief economist says that the first quarter of 2009 is likely to be as bad as the last quarter of 2008.

The lack of capital is forcing some businesses to reduce their workforces, hold off on hiring new help, and reduce salaries to compensate for their higher costs elsewhere. Fewer small business owners reported demand for capital. Others said they were looking for cash to help their businesses survive. In addition, more small business owners were reporting trouble getting loans from their financial institutions because the business’ credit reports have deteriorated.

A merchant cash advance doesn’t rely on good credit; it leverages your future credit card sales to give you the cash you need right now. There is no long waiting period for approval, no credit checks and no collateral. Simply fill out the application. Most advances can be arranged in 72 hours or less.

If your business is registered in the US, accepts Visa or MasterCard and has credit and debit transactions of at least $2,500 per month, you likely qualify for a merchant cash advance.

Contact Rapid Capital Funding today for more information on getting the merchant cash advance you need to keep your business running smoothly.

Photo Credit: Mihai Radu

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