Where Does Small Business Turn For Help?

In today’s tight economy, small business owners are looking to pinch every penny possible. One of the biggest challenges ahead for small business is getting paid. Recent surveys show that businesses, particularly small businesses, are waiting longer to collect their receivables than they have in the past.

In many cases, customers are paying bills later and less often than they used to, which can in turn cause cash flow problems as small businesses try to float their customers for longer periods of time. Balancing cash flow can be tricky. For some merchants, the ideal solution is a merchant cash advance.

A merchant cash advance leverages your future credit card sales to provide you with the cash you need to pay bills, cover unexpected expenses, pay taxes, buy supplies, upgrade equipment or whatever else your business might need.

Qualifying for a merchant cash advance isn’t like qualifying for a loan. There are no long applications to fill out, no collateral to put up, no personal guarantees to make. You fill out a brief application form, and most merchants have the cash they’re looking for in just three days or less. Rapid Capital Funding also has special programs for high volume credit card businesses like restaurants and bars.

Don’t carry your non-paying customers alone. Contact Rapid Capital Funding today for more information on a merchant cash advance for your business!

Photo Credit: Sigurd Decroos

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Receivables Can Make All The Difference For Small Business

Small business has a more difficult time weathering an extended receivable cycle than a large business does. Right now, many other businesses are surviving the economic down turn by delaying payments to vendors and creditors. For small business owners, getting paid is critical because it means the difference between staying in business and closing up shop.

To avoid turning collections into a full-time job, some small business owners are looking for reasonable options that will bolster their cash flow and help them stay in business at the same time. The solution for some small businesses is a merchant cash advance.

If your business accepts Visa or MasterCard, is based in the US and generates at least $2,500 per month in credit and debit card receipts, your business likely qualifies for a merchant cash advance from Rapid Capital Funding. A merchant cash advance puts the cash you need in your hands, often within 72 hours. You won’t find that kind of responsiveness from banks and other lenders.

A merchant cash advance simply leverages your future credit card sales today. As credit and debit card transactions are made, a small portion of the sale goes to pay back your merchant cash advance. There are no monthly loan bills to pay, and you get the cash you need up front.

With a merchant cash advance from Rapid Capital Funding, you don’t need to tell us what you plan to do with the money. You don’t need to show us reams of financial statements. You don’t even need to have perfect credit. We can help most merchants that meet our basic lending standards. In fact, 95% of merchants who apply for a merchant cash advance will qualify.

Don’t let slow receivables burn your small business. Contact Rapid Capital Funding today for help.

Photo Credit: Billy Alexander

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Fiorina Says That Small Businesses Will Drive Economic Recovery

For owners looking for small business capital opportunities in the freshly inked stimulus package, there’s not much of real value. According to Carly Fiorina, former CEO of Hewlett-Packard, small business – not government spending – will drive the economic recovery in the US. Fiorina was delivering the keynote address at the International Franchise Association meeting yesterday.

Fiorina expressed concern that the stimulus plan applies Depression-era corrections to a 21st century problem, and that the spending package won’t address the real needs of the sectors that will actually deliver the economic recovery.

Analysts have indicated that the stimulus plan isn’t by itself friendly to small business. While it does extend some tax credits and increase some caps for depreciation and other business expenses, it doesn’t do much to help small businesses expand, create jobs or spur sales.

Cash flow is a primary consideration of small businesses. Many franchise operations need a steady source of income to make payroll, buy supplies and pay bills. Other small businesses need ready access to credit, so that they can make purchases and start projects on short notice.

For these businesses, bank loans may be out of the question. Banks have restricted lending, even to businesses that have excellent credit and payment histories. These restrictions make it tough on small businesses to land contracts and deliver services in a sour economy.

A merchant cash advance may be the ideal solution for certain businesses. If your US-based business accepts Visa or MasterCard and registers credit sales of as little as $2,500 per month, your business could be eligible for a merchant cash advance.

For more information about a merchant cash advance, or to see if your business qualifies, don’t wait! Contact Rapid Capital Funding today!

Photo Credit: Asif Akbar

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