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Merchant Cash Advance Could Ease Small Business Suffering
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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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Need A Business Loan? Try A Merchant Cash Advance Instead
Credit is tight and businesses aren’t getting the money they need from traditional funding sources. Bank loans are hard to come by if your credit is good, and if your credit is less than perfect, your chances of getting a
business loan with an affordable interest rate are close to nil.
More businesses are turning to merchant cash advances as an alternative to business loans. Merchant cash advances aren’t loans in the traditional sense. There are no long application forms to fill out, no excessive documentation, no long waiting periods. Better still, there’s no collateral to put up and no personal guarantees to make.
A business cash advance in amounts up to $250,000 can be had in just a matter of days. There are no monthly loan payments to make and even businesses with damaged credit can qualify for a merchant cash advance.
How is this possible? A business cash advance through Rapid Capital Funding is based on your future credit card sales. That’s right…. you can get the money you need now instead of waiting until your credit card sales are turned over to you. As the sales come in, your cash advance is repaid. Simple. No new bills, no balloon payments. Just the cash you need when you need it.
Your business can qualify for up to 1.5 times the amount of your normal monthly credit card sales, too. That means you have fast access to the cash you need to keep your business running. You won’t have to answer a lot of questions, or go through a long approval process. You don’t need to explain why you need the money or what you intend to do with it. You don’t need to produce months or years’ worth of financial documents pertaining to your business. You simply need to ask for the money.
If your business is based in the US, accepts Visa or MasterCard and has a credit transaction volume of at least $2,500 per month, you’re likely to be in the 95% of businesses that will qualify for a merchant cash advance from Rapid Capital Funding.
Rapid Capital Funding works with North American Bancard, a company that processes more than $6 billion in credit card transactions for banks like HSBC, National Association and Wells Fargo Bank. The process of getting a merchant cash advance from Rapid Capital Funding is simple and fast. Once you’ve done it, you may wonder why you’d ever consider asking for a bank loan again.
If you need cash for your business and your bank has turned you down, or can’t move fast enough to help you, contact Rapid Capital Funding and let us get you the cash you need today.
Photo Credit: Steve Woods
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Treasury's Credit Fix May Do More To Help Small Businesses
More than anything else,
small business needs customers. Treasury Secretary Timothy Geithner is proposing a $1 trillion fix that may loosen credit for small businesses and consumers alike. The proposal may double in size to $2 trillion by the time everything plays out.
The plan would free up consumer credit for auto loans, credit cards, student loans and small business loans by unsticking the secondary securities market, where such loans are packaged and sold to other investors. Asset-backed securities – as they are known – are used to finance an ongoing stream of loans to consumers. Loans are made and sold, and the proceeds from the sale are used to finance additional loans.
The collapse of the secondary loan market has played a large role in the tightening of consumer and small business credit, and has made it impossible for many good-risk consumers to get credit. Geithner’s proposal calls for $100 billion in TARP funds leverage the purchase of up to $1 trillion in new asset-backed securities. The plan is actually an expansion of one offered by former Treasury Secretary Henry Paulson last November.
Although the move is expected to help both consumers and small business owners, the Treasury has not said when (or whether) the program might take effect. If you own a small business, your need for good cash flow is constant. One way to ensure that your business has the cash it needs is by arranging a merchant cash advance through Rapid Capital Funding.
A merchant cash advance leverages your future credit card sales now to put the cash you need into your hands right away. Most merchant cash advances can be delivered in 72 hours or less. Special restaurant financing plans are available that can put as much as $250,000 into your bank account in seven days or less. Best of all, there’s no monthly loan payment to make. Your advance is repaid when you make your credit card transactions. Nothing could be simpler, and there are no restrictions on how you spend the money.
Don’t wait to see if the government’s plan will help you out. If you need cash, contact Rapid Capital Funding today!
Photo Credit: Steve Woods
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Today’s tight credit market is causing franchisers to lend a helping hand to franchisees in need of financing.
“Great Clips Inc., a Minneapolis-based hair-salon chain, says it has secured $14 million in loans for expansions, acquisitions, debt consolidation and refinancing for new and current franchisees.
The franchiser obtained the money from lenders InSource Capital Services Inc. of Sherman Oaks, Calif., and IRH Capital LLC, Deerfield, Ill., “in the wake of all the turmoil and fear out there,” says Rob Goggins, Great Clips’ vice president of franchise development.
Mr. Goggins says the franchiser was able to get the financing partly because of franchisees’ low default rate on previous loans. Much of the money is still available, the company says.”
read full article by Richard Gibson
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