Merchant Cash Advance Could Ease Small Business Suffering

A merchant cash advance offers one more option for small businesses looking for ways to get more cash into their accounts. In the world of business, adequate cash flow is essential. Today, with tightened lending standards and the slow economy, small businesses are finding it tough to get the cash they need when they need it.

That’s where a merchant cash advance can help. A merchant cash advance from Rapid Capital Funding can put cash into your account in a matter of hours. Most advances are processed and paid within 72 hours!

A merchant cash advance isn’t like a bank loan. There are no long applications to fill out, no waiting periods to find out if the loan has been approved, and no monthly repayments. How does a merchant cash advance work?

Simply put, you collect payment for your future credit card transactions up front from Rapid Capital Funding. As those transactions are actually made by your customers, a small percentage of the money is returned to Rapid Capital Funding. You pay off your advance as your transactions come in. You get the cash you need right away, and payback terms are easy.

There are no monthly bills to pay, because repayment occurs each time a transaction is processed. When your transaction volume is high, your repayment occurs more quickly. When your transactions slow down, so do your repayments. A merchant cash advance is a flexible, easy and fast way to get the cash your business needs. Even merchants with less than perfect credit can qualify for this service.

Contact Rapid Capital Funding today to find out how a merchant cash advance can work for you!

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Small Business Cash Flow Hurt By Credit Markets

About 50% of all small businesses depend upon their credit cards for short-term financing. Until recently, the system worked well for small business owners who needed to float loans for a little while. In the past several months, however, credit card interest rates have doubled and in some cases tripled. In addition, small business owners are finding that their credit lines have been cut. In all, nearly $3 trillion have been removed from the “available credit” market.

For some small business owners who depend on the cards, these changes can cause cash flow problems. Rapid Capital Funding offers small business owners another way to get the cash they need for their businesses. A merchant cash advance enables you to turn your future credit card transactions into cash right now.

If your business accepts Visa or MasterCard, is registered in the United States and generates $2,500 or more in credit or debit transactions each month, you may qualify for a merchant cash advance. With a merchant cash advance, you receive money for your future credit card transactions. As those transactions come in, a small percentage is diverted to repay your cash advance.

This gives your business the flexibility to get cash when you need it, without a long waiting or approval process, monthly repayments, collateral or personal guarantees. Think of this as a “cash-on-demand” option for your business. We have special financing plans for restaurants, too!

Most applications are processed and funded within three days. You won’t get that kind of response from a bank! If your small business needs cash and your bank isn’t talking to you, contact Rapid Capital Funding today and let us show you how to put credit cards back to work for you!

Photo Credit: Steve Woods

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Restaurant Financing In Short Supply During Recession

The stories are similar from Portsmouth, NH to Miami, FL, to Canton, OH and even Chicago. Restaurants aren’t immune from the economic downturn. Portsmouth, NH diners are reeling from the successive losses of three downtown area restaurants in the last week alone. One new restaurant, which barely made it to its first anniversary in Miami, has also closed. Restaurant financing isn’t far from the minds of business owners these days.

One restaurant owner in Canton, OH is angry because recent parking meter increases that tripled the cost of street parking near her establishment, combined with the doubling of parking ticket fines, has cut into her business. In Chicago, more than 130 restaurants have banded together to participate in Chicago Restaurant Week. These high end establishments are putting on the dog when it comes to attracting new diners to their establishments. Diners will find great deals on luxurious lunch and dinner dining at substantially reduced prices, through February 27. Last year, a similar event increased sales by 20 percent.

While restaurant owners will tell you that the reason for closures is “not enough business,” proper capitalization also plays an important role. Businesses like restaurants need to be properly capitalized to build up repeat business, especially in hard times, when restaurant dining is one luxury that many people eliminate.

Rapid Capital Funding has a special restaurant financing program designed to deliver the cash restaurants need fast. If your US-based restaurant accepts Visa or MasterCard, is current on its lease and generates at least $2,500 in monthly credit card receipts, your restaurant is likely eligible for our special restaurant financing plan. You can get the cash you need now to cover payroll, buy new equipment, expand your business, pay unexpected expenses or just weather the downturn, and you can do it without incurring new monthly payments.

If you are interested in learning more about Rapid Capital Funding’s restaurant financing program, contact us today!

Photo Credit: Charles Thompson

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Cash Flow Is King For Small Businesses

In a good economy, small businesses can afford to let a few customers slide when it comes to paying bills on time. In a tight economy, late payments cascade through the system, impacting not only the small business that isn’t getting paid, but also its vendors and suppliers, who may have to wait for payment. One or two late payers can turn an efficient small business into another late payer.

When regular collection methods don’t work, one potential solution for small businesses is to consider a merchant cash advance. A merchant cash advance from Rapid Capital Funding allows you to get the cash you’re owed now and repay it when the cash actually arrives.

By putting cash into your hands right now, a merchant cash advance from Rapid Capital Funding can help your business break the potentially catastrophic cycle that delayed payments from customers can set up. A merchant cash advance is ideal for businesses that accept Visa or MasterCard and have credit card sales of at least $2,500 per month. Rapid Capital Funding collects repayment as transactions come in, along with a small fee. As a business owner, you can pass that fee on to the late-paying client(s). Your business doesn’t suffer because your customers are late in paying their accounts.

A merchant cash advance isn’t a loan. There are no monthly bills to pay, which makes it a convenient way to get cash fast. Most merchant cash advances can be completed within just a few business days. Better than that, 95% of merchants who fit the basic advance criteria are approved for advances, even those with less-than-perfect credit.

When you need cash for your business, you need Rapid Capital Funding!

Photo Credit: Jypsygen, via Flickr

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