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A Loan Alternative For Financing High Risk Businesses
If you’re new to your business, or provide certain types of services, banks may consider your business to be “high-risk” Finding
financing for high risk businesses is a challenge in a good economy, but finding cash in hard times is nearly impossible. Banks are risk-averse right now and are having a hard time justifying loans to even their best customers. Rapid Capital Funding is in the business of
small business financing and looks at risk a little differently than the typical bank does.
Rapid Capital Funding offers a loan alternative known as a merchant cash advance to businesses that qualify. You may be wondering what it takes to get financing for a high risk business that banks won’t even touch, but you may be surprise. Rapid Captial Funding offers merchant cash advance loan alternatives to businesses that accept Visa and MasterCard, and take in at least $2,500 per month in credit and debit receipts.
There are no credit checks, no long application processes, no waiting forever to find out that you’ve been turned down. Rapid Capital Funding doesn’t think like a bank and doesn’t act like one, either. We provide financing for high risk businesses, low-risk businesses and businesses that pose ordinary risks, too. Our loan alternative is ideal for just about any kind of small business, and can provide up to $250,000 nearly instantly.
Don’t waste time looking for loans from the bank. When you need financing for your high-risk business, cone to Rapid Capital Funding and let us show you how this loan alternative can put cash in your pocket today.
Photo Credit: Rogersmj, via Flickr
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Financing For High Risk Businesses: Merchant Cash Advance Loan Alternative
For some business owners, opening a business means seeking venture capital. Today, that’s a proposition that many venture capitalists aren’t willing to take. A recent survey of venture capitalists showed that nearly 93% of respondents were either “worried” or “very worried” about the uncertainty of returns. In other words, many venture capitalists are no longer willing to gamble on new business ventures. Combine this with the banks, which are unwilling to tolerate any risk at all, and you have a situation where
financing for high-risk businesses is largely unavailable.
What qualifies as a risky business? For banks, most new ventures are risky, too risky to fund. That’s why Rapid Capital Funding offers an exceptional loan alternative called a merchant cash advance.
A merchant cash advance will provide the working capital you need to get your high risk business off the ground and keep it there. By factoring a portion of your future credit card transactions, you can raise working capital and get the financing for high-risk businesses that banks and private lenders aren’t willing to provide.
If your business has a high volume of credit and debit card transactions, and generates at least $2,500 per month in Visa and MasterCard credit and debit transactions, you likely qualify for a merchant cash advance. Contact Rapid Capital Funding to see how you can raise your own financing for your high-risk business. Put your future credit card transactions to work for you today!
Photo Credit: David Jarrold, via Flickr
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Financing For High Risk Businesses: Small Business Loan Alternative
The Small Business Administration announced last week that it will begin disbursing emergency loans to certain small businesses. Under the program, the SBA will make only 10,000 such loans, leaving many small business owners to look for other sources of
financing for high risk businesses.
As part of the American Recovery Capital program, businesses that meet certain criteria can receive up to $35,000 in SBA loans designed to help struggling businesses pay debts, leases and notes. To qualify, a business must have experienced a 20% drop in sales, revenue or working capital, been in business for at least two years and employ no more than 500 persons companywide.
Through SBA-approved lenders, the Small Business Administration will administer the program. Lenders may not charge fees on ARC loans and the SBA pays the interest on the loan. The interest rate for these loans is set at the prime lending rate plus 2%, and is fully guaranteed by the SBA. Borrowers are not required to make any payments on the loan for 12 months following receipt of the cash, but the loan must be repaid within five years, once payments begin.
According to SBA estimates, as many as 30 million small businesses in the US may qualify for the loan program, but the limited amount of available cash means that ARC loans will be unlikely to provide a significant boost to most struggling small businesses.
For business owners who are looking for a viable small business loan alternative, Rapid Capital Funding offers a business cash advance program that can put cash in your account within hours of receiving your application.
With a business cash advance, you can pay bills, expand your business, remodel your business space, purchase or lease new equipment, make needed repairs or do whatever else you like. There are no restrictions on how you spend your merchant cash advance. There are also no long application forms to fill out, excessive documentation to provide, personal guarantees to make, or minimum monthly payments to worry about.
About ninety-five percent of businesses that accept Visa or MasterCard and have monthly sales volumes of $2,500 or more qualify for a business cash advance. Businesses with bad credit qualify, too. Contact Rapid Capital Funding today for more information on how a business cash advance can put money in your pocket.
Photo Credit: Colin Peterson, via Flickr
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Financing For High-Risk Businesses: Merchant Cash Advance
has seemingly disappeared. Banks don’t want to take on any risk, even from businesses that are normally classified as low-risk ventures. High risk businesses include travel businesses, multi-level marketing businesses, and e-commerce businesses.
In spite of the risk, entrepreneurs can and do succeed in high-risk businesses, but finding financing will always be challenging. That’s where Rapid Capital Funding can help. Our merchant cash advance is a business loan alternative that can get you the funding you need in a matter of hours.
Rapid Capital Funding doesn’t consider the same criteria that banks do, so high-risk businesses are welcome. Businesses with bad credit and no credit are also welcome. For Rapid Capital Funding, the decision to grant a merchant cash advance depends primarily on your monthly Visa and MasterCard credit and debit receipts.
If your high risk business generates at least $2,500 each month in Visa and MasterCard receipts, you’re likely to qualify for a merchant cash advance. Since the merchant cash advance is a business loan alternative, you won’t find other typical loan requirements like minimum monthly payments, collateral, personal guarantees, and credit checks. What matters is the volume of your credit and debit transactions. Each transaction you make helps to repay your merchant cash advance, and you get to keep 100% of your cash transactions.
Contact Rapid Capital Funding today to see whether our merchant cash advance just may be the business loan alternative you’ve been looking for!
Photo Credit: Hugo VK, via Flickr
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Financing For High-Risk Businesses: Merchant Cash Advance
If you ask a banker these days, every business is a high-risk business, so finding
finacing for high risk businesses is time-consuming, expensive and hard.
Rapid Capital Funding offers a special financing alternative for
small business that isn’t a loan and isn’t hard to get. A
merchant cash advance enables you to sell a portion of your Visa and MasterCard transactions for cash up front.
You don’t need to explain what you want the cash for, or provide reams of financial data in order to help us make our decision. Simply fill out the application and you’ll know almost instantly whether your small business qualifies for a merchant cash advance. If you have Visa or MasterCard credit or debit transactions of at least $2,500 per month and are based in the US, you’re likely qualified for a merchant cash advance.
Rapid Capital Funding supports small businesses by providing alternatives to bank loans that support the aims of your business. A merchant cash advance will enable you to get the cash you need for your business and get back to business in a matter of hours or days. You won’t get that kind of express loan treatment from a bank. You could wait weeks or months for a lending decision.
If you want to keep your business moving forward, contact Rapid Capital Funding today and let us show you how a merchant cash advance can provide the financing for high risk businesses that you need, and that makes sense for your small business.
Photo Credit: Esther Harlow
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Financing For High-Risk Businesses: Try A Merchant Cash Advance
If you’re in the market for
financing for high risk businesses, consider a
instead of a high-interest loan. For small businesses that might otherwise not qualify for financing, a merchant cash advance may help you get the financing for high-risk businesses fast!
Rapid Capital Funding will purchase a portion of your future credit card transactions. In exchange, you get the capital you need to operate your business, expand, purchase new equipment or do whatever you need to do to make your small business grow!
A merchant cash advance isn’t a loan. There’s no collateral and no personal guarantees. Unlike the banks, Rapid Capital Funding will take a risk on your business, and without the long application and approval process a bank will put you through.
At Rapid Capital Funding, we know that operating a small business is tough, and finding the financing for high risk businesses can be even tougher. That’s why so many of our small businesses appreciate the ease and convenience of a merchant cash advance. As long as your small business accepts Visa or MasterCard, and generates receipts of as little as $2,500 per month, Rapid Capital Funding can provide financing for high-risk businesses like yours in just a matter of hours! Contact Rapid Capital Funding today and let us show you how a merchant cash advance can work for you.
Photo Credit: Ove Tøpfer
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