Merchant Cash Advance Provides Quick Cash To Businesses

A merchant cash advance may be the right option for you if your loan application has been turned down by your bank. Small businesses are turning to merchant cash advances for quick cash at a growing rate as more banks become risk-averse in today’s tough economy.

Business owners still need cash, whether the banks are lending or not. A merchant cash advance is not a loan; it’s the sale of a portion of future credit card transactions that your business would ordinarily process. A merchant cash advance doesn’t take the full value of each sale. Instead, a small portion is diverted to repay the cash advance. Because the payback rate is dependent upon your sales volumes, you pay more when your sales are high and less when your sales are low. You won’t get that kind of repayment flexibility with a bank loan.

Merchant cash advances aren’t based on a business’ credit report, so even merchants with bad credit can still get a cash advance. Ninety-five percent of merchants who apply for a merchant cash advance from Rapid Capital Funding are approved. If your business accepts Visa or MasterCard and generates at least $2,500 per month in credit card transactions, you very likely qualify to get the cash you need right now. You can receive as much as 1.5 times your monthly receipts, up to $250,000.

Three out of four merchants take another merchant cash advance when their first advance is fully repaid. This says a lot, especially for small businesses that have been turned down for the working capital they need to keep their doors open. Regardless of why you need cash – to pay bills, expand your business, buy new or replacement equipment, pay taxes – Rapid Capital Funding can put the cash you need in your account in a matter of hours, and you can get back to doing what you do best: running your business.

Contact Rapid Capital Funding today to learn more about merchant cash advances and how they can help your business.

Photo Credit: Striatic, via Flickr

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