Franchise Business Financing: Business Loan Alternative

In the past two weeks, nearly 2,000 automotive dealers have found themselves in a triple bind. Initially, they received letters from Chrysler and GM informing them that their franchises have been terminated. Some franchise agreements will expire in as little as 30 days while others will end sometime in 2010. Shortly after receiving these notices, dealers were also informed that they no longer qualify for financing from banks and other lenders. Worse than that, state laws prohibit some dealers from selling the vehicles remaining on their lots once their franchise agreements have expired.

This exceptional situation is playing out around the country and dealers are scrambling to find financing. While some dealerships plan to remain open, selling other brands, used vehicles and providing auto service, the loss of a franchise and financing hurts. Rapid Capital Funding can provide franchise business financing in a matter of hours. Unlike banks who instantly dropped these customers, Rapid Capital Funding will provide the financing your dealership needs to work through this rough spot.

A business cash advance can provide franchise business financing no matter what your circumstances are. Good credit, bad credit or no credit – no problem. Rapid Capital Funding’s business cash advance is a business loan alternative that delivers.

Contact Rapid Capital Funding today to learn more about this business loan alternative and how you can use it to get the franchise business financing you need in good times and bad ones, too.

Photo Credit: Alfonso Surroca, via Flickr

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