RapidCapitalFunding small business blog » Posts for tag 'business loan alternative'

Bar And Nightclub Business Financing Business Cash Advance

Bar And Nightclub Business Financing Business Cash Advance

Bar And Nightclub Business Financing Business Cash Advance

Many bar and nightclub owners have already figured out that recessions aren’t necessarily bad for business. One group of nightclubs in Chicago is experiencing a 15% increase in customer volume over last year. The nightclubs all occupy a single block and the owners have found that their clubs’ popularities have increased because prospective patrons know that they can find a party they like among the group of three nightclubs, all of which cater to different crowds. While per-person check averages are down, the increase in the number of customers means that these clubs are doing fine.

If you’re looking for a ready source of bar and nightclub business financing to expand your business, remodel or retool your business model, consider a business cash advance from Rapid Capital Funding. With a business cash advance, you can get the funding you need to expand your business, deliver improved service, rework your menu or drink offerings, or do whatever you need to improve your customer volume.

Rapid Capital Funding offers a business loan alternative that’s ideal for businesses whose credit and debit transaction volume exceeds 80% of its gross receipts. With a business cash advance, you sell a portion of your future Visa and MasterCard transactions. As the transactions are processed, a portion of each sale goes to repay your merchant cash advance. The rest comes back to you. There is no monthly minimum payment to make, no collateral to put up and no payment guarantees. You get the cash you need within hours of applying for it, and your business cash advance is repaid each time you process a credit card sale.

There is no simpler way to get the bar and nightclub financing you’re looking for than a business cash advance from Rapid Capital Funding.

Photo Credit: Caesar Sebastian, via Flickr

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Liquor Or Party Store Business Financing: Business Loan Alternative

Business Loan Alternative

Liquor Or Party Store Business Financing: Business Loan Alternative

Liquor stores are still doing well in the recession. According to liquor store business owners, shoppers are still buying alcohol and spending about the same as they have in the past, but are showing a preference for the less expensive brands. As an added boost, more customers are dining at home, and using liquor to add a special touch to meals.

Liquor store businesses are also reporting that their customer base is expanding, which has erased what would otherwise be losses from reduced spending. The figures are more than anecdotal; the State of New Jersey reports that its liquor tax revenue increased from $100 million in 2005 to $104 million in 2008.

Why are people drawn to liquor in a recession? In an Interview with the Newark Star-Ledger, Lew Rothbart, the Executive Director of the New Jersey Licensed Beverage Association says that a wide variety of choice among alcoholic beverages enables it to ride out recessions easier than many other non-essentials.

For owners who are looking for liquor store business financing to expand or enhance their operations, consider a merchant cash advance from Rapid Capital Funding. A merchant cash advance is a business loan alternative designed with small business in mind.

There are no monthly minimum payments to make, no collateral to put up and no personal guarantees associated with this business loan alternative. You get the cash you need up front by selling a portion of your future credit card transactions to Rapid Capital Funding. As the transactions come in, you repay your merchant cash advance with a small percentage of each sale. The rest is returned to you.

You can get the financing you need often within hours of submitting your application. Our funding decisions are fast because we don’t need a lot of paperwork to evaluate your application. Whether you have good credit, bad credit or no credit, your business is likely qualified for a merchant cash advance if you generate more than $2,500 per month in Visa or MasterCard receipts. If only bank loans were this simple! Contact Rapid Capital Funding today and get the liquor store business financing you need now!

Photo Credit: Tom Spaulding, via Flickr

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Real Estate Business Financing: Business Cash Advance

Business Cash Advance

Real Estate Business Financing: Business Cash Advance

Real estate sales are off substantially, and market values have plunged in some areas by 50% or more. Foreclosures are rising throughout the United States and look to continue through 2009. Don’t let all this gloom and doom make you think that there is no money in real estate, though. Opportunities in real estate abound, but you need to be savvy about where you find your opportunities and how you make them work for you.

Financing for real estate loans is hard to come by right now, even with loan guarantees from the Obama administration. Many people are choosing to rent as an alternative, even though the cost of buying hasn’t been this low in years. In addition, homeowners who are desperate to sell their homes are turning to staging companies to make their homes look their best for prospective buyers.

If you have a real-estate oriented business, you may assume that real estate business financing isn’t readily available. You can get the financing you need through a business loan alternative known as a business cash advance.

If your real estate-related business accepts Visa or MasterCard as payment, you’re likely qualified for a business cash advance if you generate credit and debit receipts of more than $2,500 per month. There’s no long application process, no minimum monthly payments to make and no collateral to put up.

With a business cash advance, you simply sell a portion of your future credit card transactions for cash. The business cash advance is then repaid as the transactions come in. Only a small portion of each transaction is used to repay the business cash advance, so you’re not left empty-handed. You’ll have the cash you need to run your business throughout the entire process.

Contact Rapid Capital Funding today and let us show you how to put your future sales to work today!

Photo Credit: Boulderite, via Flickr

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Minority Business Loans: Business Loan Alternative

Business Loan Alternative

Minority Business Loans: Business Loan Alternative

Stockton, CA recently raised eyebrows when it announced that it would again consider the race of the owner of small businesses as a factor when the city awards federally funded transportation contracts. The city has established minority participation goals that will encourage minority businesses owned by African Americans, Native Americans, Asian Americans and women to apply for transportation contracts issued by the city.

The study determined that minority businesses were not getting an appropriate share of transportation contracts through the CalTrans bidding process, and has adopted new award guidelines that consider race as a factor, following a 2006 ruling by the US 9th Circuit Court of Appeals. Often, the primary contractor on a project will subcontract work to minority firms, but one major problem continues to be access to minority business loans for such firms.

Rapid Capital Funding provides minority businesses with fast access to cash through a business loan alternative known as a merchant cash advance.

A merchant cash advance enables minority businesses to sell a portion of their future credit card transactions in exchange for cash up front. As a business loan alternative, a merchant cash advance doesn’t require good credit, minimum monthly payments, a long approval process, collateral or personal guarantees.

It’s the ideal funding mechanism for businesses that have been turned down for minority business loans. You may be able to get the cash you need for your business from Rapid Capital Funding.

Photo Credit: Ian Broyles, via Flickr

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Furniture Business Financing: Business Cash Advance

Business Cash Advance

Furniture Business Financing: Business Cash Advance

The recession may be slowing according to some hopeful news from certain retailers in the first quarter of 2009. Sales increased at home improvement retailers, apparel stores and grocery outlets. On the minus side, retail sales fell for online, general merchandise, electronics and furniture stores. Despite softness in the retail furniture business, furniture business financing is still available from Rapid Capital Funding.

Rapid Capital Funding offers a business loan alternative known as a merchant cash advance.

Use the merchant cash advance in any way you want. Use it to acquire new merchandise lines, remodel furniture showrooms, improve furniture delivery, pay bills or whatever you need to keep your business strong during these economically tough times. Merchant cash advances put cash in your pocket today.

This business loan alternative doesn’t require a lengthy application process, no long waits for approval, or reams of documents from your business. You also won’t get saddled with a minimum monthly payment. With a merchant cash advance, you sell a portion of your future credit card transactions to Rapid Capital Funding in exchange for cash right now. As each Visa or MasterCard transaction is processed, a small portion of the sale is used to repay your merchant cash advance. The rest of the sale is returned to you as normal.

Ninety-five percent of merchants who apply for a merchant cash advance are eligible to get one, and about three out of four merchants take a second merchant cash advance once their first advance is repaid. Why? Because the money is available and affordable, and the terms are easy to manage. Don’t worry about whether or not you’ll be able to survive the recession. Contact Rapid Capital Funding today and let us show you how you can get the furniture business financing you need right now.

Photo Credit: Ian Broyles, via Flickr

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Bar And Nightclub Business Financing: Beer Demand Remains High

Beer Demand Remains High

Bar And Nightclub Business Financing: Beer Demand Remains High

A recent survey conducted by the Brewers’ Association following the SAVOR: An American Craft Beer & Food Experience event in Washington DC, shows that demand for good quality beer remains high despite the slowdown in the economy. More than 9 of 10 respondents say that the slumping economy has not changed their beer buying habits. More than 50 percent of respondents said they spent more than $50 per month on beer purchases. 98 percent of respondents said that high quality was the most important factor in their beer purchasing decision.

That’s good news for bar and nightclub business owners, many of whom say that their business has not slowed, despite the economy. Owners report that patrons may be purchasing less expensive liquors, but that their overall purchasing expenditures have tended to remain constant.

While small business owners, including those looking for bar and nightclub financing, are reporting an increasing amount of difficulty securing funding from banks, some small business operators have decided to bypass bank loans altogether in favor of a business loan alternative known as a merchant cash advance.

The merchant cash advance is ideal for businesses that have a high Visa or MasterCard transaction volume, although you can qualify for a merchant cash advance with a monthly transaction volume as low as $2,500. As a business loan alternative, a merchant cash advance makes sense. You repay your merchant cash advance with a small portion of the sale each time you process a Visa or MasterCard transaction. The rest of the cash comes back to you. Your merchant cash advance doesn’t affect your cash intake, and there’s no minimum monthly payment to make. Nothing could be simpler.

Contact Rapid Capital Funding today for more information on how a merchant cash advance can help you get the bar and nightclub financing you need.

Photo Credit: Opacity, via Flickr

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Automotive Business Financing: Penske Purchases Saturn From GM

Penske Purchases Saturn From GM

Automotive Business Financing: Penske Purchases Saturn From GM

GM announced on Friday that it had reached a deal with auto racing superstar Roger Penske to sell the troubled carmaker’s Saturn brand. Penske Automotive Group says that initially it will offer Saturn franchises to all remaining 350 Saturn dealers, and keep all 13,000 employees on the payroll. GM will produce the Saturn Outlook, Aura and Vue vehicles for Penske on a contract basis for the mean time. No information on the automotive business financing arrangement between GM and Penske Automotive Group were released, but the deal will have to pass muster before a federal bankruptcy judge.

Penske will also use the dealer network to purchase and sell other GM vehicles, as well as products from Renault SA. It is believed that Penske Automotive Group (PAG), which is traded on the New York Stock Exchange, has enough working capital to finance the deal. GM is providing $2.5 billion to finance the buy out of parts supplier Delphi by a private equity firm.

If you’re in the automotive business, no matter how large or small your operation is, Rapid Capital Funding can provide an outstanding loan alternative to get you the working capital or automotive business financing you need.

Designed primarily to meet the needs of small business owners, Rapid Capital Funding can get you the financing you need in a matter of hours, without credit checks, long application processes and low success rates. Good credit, bad credit and no credit are all OK. As long as you accept Visa or MasterCard at your automotive business, financing is available for you. Contact Rapid Capital Funding today to learn more about our loan alternative and how it can get you the working capital you need right now!

Photo Credit: David Mason

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Minority Business Financing: Merchant Cash Advance

Merchant Cash Advance

Minority Business Financing: Merchant Cash Advance

Right now, business owners spend between 7%-15% of their payrolls on health insurance coverage, and experts say this cost will continue to rise, leaving business owners to reduce benefits, reduce wages or drop coverage altogether. If health care costs are making it difficult to run your business, consider a merchant cash advance. A merchant cash advance is a business loan alternative that can provide minority business financing within hours of application.

Rising health care insurance costs have prompted support for a new initiative among minority business owners that is designed to reduce the overall cost of health care and expand coverage to currently uninsured individuals. According to the chairmen of the Greater Baltimore Black Chamber of Commerce, the Black Chamber of Commerce of Anne Arundel County, and the Prince George’s Black Chamber of Commerce, the Maryland Health Care For All initiative would reduce the overall cost of health insurance premiums for minority business owners, provide additional coverage that is not currently available, and reduce the number of uninsured state residents by creating a coverage pool that would be open to self-employed persons and very small firms.

If your US-based business generates at least $2,500 in Visa or MasterCard credit and debit receipts, you’re likely qualified for a merchant cash advance. With a merchant cash advance, you sell a portion of your future credit and debit transactions for immediate cash. As your transactions are processed, a portion of each sale is used to repay the merchant cash advance. The rest of the sale comes back to you. There are no minimum monthly payments to make and no repayment schedule to follow.

Good credit, bad credit or no credit – Rapid Capital Funding can help you get the minority business financing you need. A merchant cash advance may be the best business loan alternative available. Contact Rapid Capital Funding today to see how you can make a merchant cash advance work for you.

Photo Credit: Wally Gobetz

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Bar and Nightclub Financing Merchant Cash Advance

Bar and Nightclub Financing Merchant Cash Advance

Bar and Nightclub Financing Merchant Cash Advance

In search of new revenue streams, music publishers are hoping to strike it rich in nightclubs around the world. A new bill, introduced to Congress last month, seeks to have radio stations and nightclubs (among other establishments) pay royalties to performers and music publishers when they play songs. Right now, radio stations pay royalties only to songwriters, but performers and publishers are unpaid when a song airs.

Bolstered by recent successes in Italy and Australia, the recording industry is looking to prop up sagging revenues as CD sales decline worldwide. Will paying for performance royalties become part of the nightclub scene in the US? It’s hard to say, but the legislation has pitted the Recording Industry Association of America against the National Association of Broadcasters, two of the biggest media lobbies in the US.

The payment of royalties could require owners to find new sources for bar and nightclub financing, and could result in higher cover charges and drink prices to pay for the right to play recorded music in a nightclub setting.

If you currently own a bar or nightclub, a merchant cash advance from Rapid Capital Funding could provide you with just what you’re looking for: fast cash without the hassle of applying for a bank loan.

A merchant cash advance is a business loan alternative that can put cash in your pocket virtually immdiately. Whether you need money to expand, remodel or repair your club, pay personnel, pay taxes, make code improvements or anything else, a merchant cash advance from Rapid Capital Funding can get you the bar and nightclub financing you need rigt now.

Simply sell a portion of your future Visa and MasterCard credit and debit transactions to Rapid Capital Funding. In exchange, you get cash without hassles. As your transactions come in, a small portion of each sale goes to repay the advance, and the rest comes back to you. It’s just that simple, and the bar and nightclub financing you need is just a few mouse clicks away. Contact Rapid Capital Funding today and put your future earnings to work for you right now!

Photo Credit: Mr. T in DC, via Flickr

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Restaurant Financing Merchant Cash Advance

Restaurant Financing Merchant Cash Advance

Restaurant Financing Merchant Cash Advance

Looking for a sure-fire restaurant hit during the recession? Try pizza. Or pasta. Or grilled chicken. Small portions work well, too. The major fast-food franchises are working their magic to expand their product lines. Part of the reason is strategy. Fast-food restaurants usually succeed in niche markets. (Think burgers, tacos and fried chicken.) Expanding their menus to include non-traditional niche products means that they can derail rejections from potential customers who aren’t in the mood for the restaurant’s flagship product.

It’s a strategy that seems to be working. Pizza Hut reports that just one year after introducing pasta to its menu, sales of the new offering sit at $500 million annually. The company looks to see that figure double to $1 billion in the foreseeable future. Domino’s is now offering bread bowls and toasted sub sandwiches for the same reason.

If you need restaurant financing to expand your menu, talk to Rapid Capital Funding today. A merchant cash advance is a business loan alternative worth considering.

With a merchant cash advance, you can get the restaurant financing you need in a matter of hours. That means you can start any project, repair, expansion or remodeling as soon as your plans are approved. Expand your menu, your staff or your dining space. With a merchant cash advance from Rapid Capital Funding, it doesn’t matter to us how you use the money.

We’ll provide restaurant financing whether your credit is good or bad. Ninety-five percent of applicants who generate Visa or MasterCard credit and debit receipts of at least $2,500 per month are approved for their advance. You won’t find that kind of acceptance rate with a bank, even when they’re issuing small business administration-backed loans!

Contact Rapid Capital Funding today and let us show you how to put your future credit and debit transactions to work for you right now!

Photo Credit: Thai Jasmine, via Flickr

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