Business Cash Advance May Offer Ideal Retail Business Financing

Retailers have taken it on the chin during the recession. Retail business financing is hard to come by and many retailers are closing up shop as a result. According to recent figures offered by outplacement firm Challenger Gray and Christmas, the retail sector has lost nearly 850,000 positions since the recession began. For retailers who believe recovery is just around the corner, locating a business loan may be out of the question, but a business loan alternative known as a business cash advance may be just the thing to help struggling stores hang on.

Retail, which is normally a “safe” sector, has seen staggering job losses as regular customers scale back their spending to the bare necessities. Retailers who market the necessities are best positioned to survive the recession, and those retailers are exactly where employment hopefuls should look when it comes to landing a coveted retail job,

Many business hopefuls want retail experience because their own career aspirations include owning a small business of their own. Getting cash for small businesses may be difficult right now, but loan alternatives like business cash advances can enable retailers to expand their businesses, pay bills, renovate their business spaces and expand their sales and marketing staffs.

Not all business cash advance providers are alike, however. While some business cash advance providers employ lending requirements that are similar to a bank’s, Rapid Capital Funding evaluates each application independently. Advance decisions are based more on the business’s sales history than on traditional measures like the business owner’s credit history or the overall performance of the sector. Business cash advances can also infuse quick cash into a business, allowing it to respond to emergencies that might otherwise devastate the business.

Photo Credit: Ben Ostrowsky, via Flickr

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CIT Bankruptcy Could Seriously Disrupt Retail Business Financing

Retail business financing has been rocked in the past two weeks, with news that major retail financer CIT is working to avoid bankruptcy. A bankruptcy at CIT would disrupt funding for retailers and small businesses just as these organizations are getting ready to go into the holiday shopping season. CIT is one of the nation’s largest factoring services. Factoring allows vendors to their accounts receivable for cash up front, guaranteeing that the vendor will get paid for its goods. CIT figures prominently into the vendor’s ability to get goods into stores in a timely way.

Who would be hurt by a CIT bankruptcy? Just about everyone, from giants like Walmart and Target to small retailers and restaurants. Even for vendors that don’t use CIT’s services, a bankruptcy would have a chilling effect as vendors may demand up-front payments for goods shipped to retailers, restaurants and other small businesses.

A business loan alternative known as a merchant cash advance puts the power of factoring directly to work for retailers. With a merchant cash advance, a business owner can sell a portion of his future credit card transactions to a factor, like Rapid Capital Funding. The cash can be used for anything – including paying for inventory. The business loan alternative is repaid as the sales come in. A portion of each transaction is used to repay the merchant cash advance, and the rest is returned to the retailer.

Should the unthinkable happen – a bankruptcy at CIT – merchants who seek out a merchant cash advance will still have the ability to pay for their holiday inventory. A merchant cash advance can be arranged in a matter of hours, and doesn’t rely on the credit rating of the retailer. Good credit, bad credit or no credit, your store shelves will still be full during the holiday season, thanks to a merchant cash advance business loan alternative from Rapid Capital Funding.

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Looking For Retail Business Financing: Try A Merchant Cash Advance

Last month, Advanta, an underwriter of private label small business credit cards, suddenly terminated loan arrangements with its retailers, including Office Max. The move means that Office Max can no longer accept its own credit cards, and is an indicator of how tough things are getting for small businesses who are looking for credit. For small businesses that depend on business credit cards, underwriting standards are tightening and owners are finding that they have less credit available. If you’re looking for retail business financing, Rapid Capital Funding offers a small business loan alternative that can put cash in your pocket today.

A merchant cash advance from Rapid Capital Funding enables you to sell a portion of your future credit card transactions for cash up front. Credit card factoring is ideal for small businesses because the business loan alternative doesn’t depend upon your credit, or the credit your business has established. If you generate at least $2,500 in Visa or MasterCard credit or debit receipts each month, you’re likely qualified for a merchant cash advance.

You can get the money you need to pay bills, expand your business, hire additional staff, expand your product offerings, or do whatever you have in mind. There are no restrictions on how you use the money, and there are no minimum monthly payments to make. As your transactions come in, a small portion of each sale is used to repay the merchant cash advance, and the rest comes back to you.

Don’t assume that you can’t get the retail business financing you need in a down economy. Contact Rapid Capital Funding and see how you can put your future credit card transactions to work for you today.

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Retail Business Financing Small Business Financing Assistance

Retail sales were down in April by .4%, according to the US Census Bureau. If auto sales in April hadn’t been relatively rosy, the retail spending figures would have been down by .5%. Consumers are wary of spending on anything that’s not a clear necessity and that can make finding retail business financing tricky for some retailers. Rapid Capital Funding offers small business owners the opportunity to get the retail business financing they need quickly and affordably with its merchant cash advance.

A merchant cash advances enables small business owners to factor their future credit card transactions in exchange for cash. A merchant cash advance isn’t like a bank loan at all. There are no minimum monthly payments, no collateral, no co-signers, and no need for sterling credit. A merchant cash advance isn’t based on your credit history; it’s based on your Visa and MasterCard credit and debit transaction volumes. If your business generates at least $2,500 per month in credit and debit transactions with Visa and MasterCard, you’re highly likely to be eligible for a merchant cash advance. Ninety-five percent of businesses who meet these criteria get the retail business financing they need in a matter of hours or days.

Most businesses are stable, even in these tough times, but banks are only focused on risk right now, and just about every retail business looks like a bad risk. At Rapid Capital Funding, we take the risk that your business will fail because we believe it won’t. We also believe that you should have access to the funding you need to carry out good business decisions. Small business or large, good credit or bad – it doesn’t matter to us.

If your small business is looking for retail business financing, contact Rapid Capital Funding today and let us show you how your retail business can provide its own financing.

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Retail Business Financing: Business Cash Advance

Retail mall owners are saying that business is bad all over. The impact of this goes well beyond lost profits from lower rent revenues. In Philadelphia, for example, retail occupancy has declined to 78 percent from 84 percent at the same time last year. One challenge for retailers is retail business financing. Business owners who are determined to ride out the recession are increasingly turning to a business cash advance as a viable business loan alternative.

A business cash advance from Rapid Capital Funding enables retailers to sell a portion of their future credit card transactions in exchange for cash up front. Business owners can use this business loan alternative for anything from paying bills to improving their retail space.

A business cash advance makes sense for retailers who process a significant number of credit card transactions. As each transaction is processed a small percentage is used to repay the business cash advance. The rest is returned to the retailer, which enables you to continue running your business without interruption.

A business cash advance could be the ideal solution for business owners looking for retail business financing with easy repayment terms. Contact Rapid Capital Funding today and see how you can put your future credit card transactions to work today!

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Retail Business Financing Available Through Business Cash Advance

Retail business financing woes are driving retail vacancy rates. Retail vacancies are at a ten-year high, according to retail analytics firm Reis, Inc.

According to the company, retail business space demands contracted by 8.7 million square feet in the first quarter of 2009, exceeding the total square footage loss seen in 2008. Reis characterized the overall outlook for the retail sector as “bleak.” Declining consumer confidence and credit inavailability for retailers are two major reasons for the contraction. Desperate retailers are looking for business loan alternatives to keep their doors open.

Retail business financing may not be widely available from banks right now, but that doesn’t mean that your retail business can’t get the cash it needs. Rapid Capital Funding offers a business cash advance for retail businesses that accept Visa or MasterCard and generate credit or debit receipts of at least $2,500 each month.

A business cash advance is a business loan alternative that puts money in your accounts right now. Rapid Capital Funding will purchase a portion of your future credit card transactions. In exchange, you get the cash you need to pay your bills, buy inventory, remodel or expand your space, or do whatever you want for your business.

As a retail business financing mechanism, a business cash advance makes sense. Your business cash advance is repaid each time you process a credit or debit transaction. A portion of your sales is used to repay your advance, and the rest comes back to you. There are no monthly bills to pay, no miminums to meet. We get paid when you do, so a business cash advance is the ideal business loan alternative.

Contact Rapid Capital Funding today to see how a business cash advance can provide the retail business financing your retail store needs!

Photo Credit: Caroline Hoos

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