Small Business Loans Slow In Reaching Main Street

For small business owners, one of the greatest challenges is acquiring capital. Although the Small Business Administration was formed to ensure that small business owners had access to low-cost funding, small business loans have been slow in coming during this recession, leaving many small business owners with little or no cash to fund expansions or ease cash flow problems.

Now, the Treasury Department is working with the Federal Reserve and with private banks to create a $50 billion pool from which small business owners could draw. There’s nothing guaranteed about the creation of the fund, however. The plan is in response to complaints from small business owners that banks are no longer writing SBA loans because credit restrictions prevent them from lending capital to businesses that present any type of risk.

Independently, the Treasury is also working on a smaller, $10 billion loan program for small business owners, but that would require a reallocation of the TARP funds that had been previously set aside for financial stabilization.

Even if the programs are approved, they’re likely to come too late for many small business owners who need operating capital now, and would be forced to scale back or close their doors altogether without immediate access to working capital. The lack of capital availability has forced some business owners to seek out small business loan alternatives to fund their operational and expansion plans.

Rapid Capital Funding offers small business loan alternatives that can put cash into your business accounts in a matter of hours. For more information about how Rapid Capital Funding can help your business thrive in troubled times, contact us today.

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Get Seasonal Business Financing!

There’s a business for every season and if you’re looking for seasonal business financing, you might conclude that banks aren’t lending to seasonal businesses right now. You’re right, but banks aren’t lending to anyone right now!

Does that mean your search for small business loans will end poorly? Not if you contact Rapid Capital Funding about our business cash advance. A business cash advance is a small business loan alternative that’s ideal for seasonal businesses.

Typically, seasonal businesses will not fare well in a bank’s decision-making process, partially because all income is earned within just a few months of the year. At Rapid Capital Funding, we don’t mind working with seasonal businesses to get the financing you need when you need it. There are also no monthly minimum payments to make. As your transactions come in, your business cash advance is repaid. A small amount of each transaction is used to repay your advance; the rest comes back to you. It’s the ideal repayment arrangement for seasonal businesses.

If you run a seasonal business and need seasonal business financing, contact Rapid Capital Funding and see what we can do for you today!

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Internet Business Financing Is Available!

Internet based business financing isn’t impossible to find, as long as you’re talking to Rapid Capital Funding. So many businesses today that are in search of small business loans have to deal with the reality that banks simply aren’t lending, even to business applicants with good credit, a good payment history and positive financials.

Rapid Capital Funding’s merchant cash advance can provide funding for your Internet-based business in a matter of hours. A merchant cash advance isn’t like a bank loan, so we don’t treat our customers like loan applicants. Our approval criteria are simple: if your Internet based business accepts Visa or MasterCard and generates at least $2,500 each month in credit and debit receipts, you’re likely to be approved for our small business loan alternative. More than 90% of applicants who meet these criteria are approved. And approval is granted often within 24-48 hours of application.

You won’t wait weeks or months to find out whether your application has been approved; you’ll know in a matter of hours. We review each application on its merits and don’t rely heavily on your credit scores or the overall state of your industry. That gives your own business the best possible chance to qualify for our merchant cash advance.

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

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Home-Based Business Financing Is Available!

According to the Small Business Administration, more than 24 million Americans are now working at home. A new home-based business is started every 11 seconds. Those new businesses often need financing, but many won’t qualify for bank loans or loans from the Small Business Administration. If you own a home-based business or are thinking of starting one, that doesn’t mean you can’t get the home-based business financing you need.

It means that you may want to look at alternatives to traditional small business loans, like the financing options offered by Rapid Capital Funding. Rapid Capital Funding can put the cash you need into your pocket right now, thanks to its innovative business cash advance.

If your home-based business accepts Visa or MasterCard, chances are good that you qualify for a business cash advance, which gives you cash up front in exchange for a portion of your future credit and debit card transactions.

With a merchant cash advance, there are no minimum monthly payment to make, which is one reason these small business loan alternatives are so popular. If you’re looking for funding for your home based business, contact Rapid Capital Funding and let us show you how to turn your future transactions into cash today!

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Safe Beauty Association Moves To End Unsafe Beauty Salon And Spa Practices

The newly formed Safe Beauty Association (SBA) is attempting to educate beauty salon professionals to the dangers of common but unsafe beauty salon practices in an effort to make salon visits safer and more enjoyable. The group is launching a month-long campaign in October to promote hygienic habits among beauty salon workers.

Much of the campaign focuses on helping beauticians and beauty salon personnel avoid injuries to themselves and clients, and eliminate unhygienic practices that could lead to the spread of disease. The group’s initial study also showed that nearly one-third of all beauty salons do not carry public liability insurance, which poses a danger to both clients and salon operators.

If you own a beauty salon and would like to improve or modernize your facility but lack the working capital to do so, Rapid Capital Funding can show you how your own business can finance your business improvement plans. Our merchant cash advance provides the cash you need in a matter of hours and is available to beauty and spa businesses that accept Visa or MasterCard credit and debit transactions.

With a merchant cash advance from Rapid Capital Funding, you can use your future credit card transactions to finance your business right now. There are no monthly minimum payments to make, and your merchant cash advance isn’t dependent upon your credit. Good credit, bad credit or no credit – you can still qualify for a merchant cash advance from Rapid Capital Funding.

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

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Floral Shop Business Financing Still Available

Florists around the country say they’re experiencing increased competitive pressure from chain grocery stores and larger floral services. The increased competition is making it difficult on local businesses to compete effectively.

In the past, floral businesses were considered “recession-proof.” Not so, say today’s florists. Specialty services like wedding flowers and corporate events are doing well, but ordinary consumers, who account for a significant portion of a flower shop’s total revenues are less willing to purchase flowers from a florist. Instead, they’re turning to grocery stores and other chains that sell inexpensive bouquets. The competition is also making it difficult for florists to get the floral shop business financing they need.

Rapid Capital Funding offers an alternative to small business loans that makes sense, is easy to apply for and easy to repay. Based on your floral business’ credit card sales, Rapid Capital Funding can deliver a merchant cash advance that will put money in your account immediately.

Use the money for anything you need: paying bills, expanding inventory, remodeling existing space or adding product lines. The merchant cash advance is repaid each time you process a Visa or MasterCard credit or debit transaction. A small portion of each sale goes to repay your merchant cash advance, and the rest comes back to your business. You can leverage your future sales to help your business grow, expand and thrive right now.

Contact Rapid Capital Funding today for more information on putting your future credit card transactions to work for you!

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Motel Business Financing: Looking For a Small Business Loan?

If you operate a motel business, you know that financing can be hard to come by. In addition, municipalities often turn to hotels and motels to make up for shrinking revenues. That raises the cost of travel, which in turn, has a negative impact on your bottom line. To make matters worse, many banks have stopped issuing small business loans regardless of the state of the applicant’s finances. All of this adds up to make things tough on business owners looking for hotel and motel business financing.

Rapid Capital Funding offers hotel and motel business financing without all the hassles you may get when applying for a small business loan from a bank. At Rapid Capital Funding, our goal is to make getting cash for your hotel or motel business easy. We do this by offering a merchant cash advance to businesses that accept Visa and MasterCard credit and debit payments.

With a merchant cash advance from Rapid Capital Funding, you sell a portion of your future credit card transactions to Rapid Capital Funding in exchange for cash up front. Your advance is repaid each time you process a credit or debit transaction. A small portion of each sale goes to repay your advance and the rest comes back to you. There are no monthly minimum payments to make and your repayment schedule follows your business patterns. When sales are up, your advance is repaid faster; when sales are down, your repayment slows down too. It’s the ideal small business loan without the small business loan hassles you get from a bank!

Contact Rapid Capital Funding today for more information on how you can put your future credit card transactions to work right now!

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Auto Repair Businesses Hum Along In Recession

The September new auto sales news wasn’t pleasant, and demonstrated that the Cash for Clunkers program had little lasting effect on American consumers’ appetite for new cars. While the program burned through its incentive dollars in record time, confirming that there is a lot of pent up demand, the program wasn’t enough to spur action in positive sales territory. Other auto businesses that are more “recession-friendly” however are doing well. Auto repair shops are doing well as car owners try to keep their cars running smoothly.

The average age of vehicles on the road today is about 10 years, meaning that more owners expect or need to keep their vehicles running past the 100,000-mile mark. Auto repair businesses are doing well during the recession and many owners are considering business expansion.

Keeping older cars on the road makes economic sense for owners who can free themselves from monthly auto loan payments or lease payments. Environmentalists are concerned that keeping older vehicles on the road may not allow the US to cut greenhouse gas emissions as fast as possible.

Concern for the environment may make it easier for vehicle owners to justify making repairs and modifications to their vehicles that cut greenhouse gas emissions, increase fuel efficiency and decrease gasoline consumption. Auto repair shops lead the way on this front, since they have the most contact with the after-market auto consumer.

Regular maintenance, oil changes, tire inspections, the use of synthetic oil, and other small changes can make a big difference in the efficiency of an older engine and the amount of greenhouse gases that are produced.

If you own an auto repair shop and are looking for a small business loan to help you modernize or expand your business to include more environmentally friendly services for older vehicles, Rapid Capital Funding can help. With a merchant cash advance, Rapid Capital Funding can help you secure the cash you need for repairs, expansions and modernizations fast. Having the right products and services at the right time can put your business ahead in a down economy.

Contact Rapid Capital Funding today and let us show you how to put your business to work for you.

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Restaurant Financing Is Available!

For entrepreneurs in the restaurant business, the recession has been tough. Sales volumes in the dining sector have been cut, and banks are much less willing to make small business loans to restaurant owners as a result. While overall consumer spending on restaurants is down, many restaurants are doing just fine in these tough times.
Unfortunately, banks aren’t cutting breaks to restaurant loans to business owners whose bottom lines haven’t suffered. This can make expansion, remodeling and other necessary expenses difficult to cover. Rapid Capital Funding offers a special restaurant financing program that can put cash in your pocket in days. There’s no long application form to fill out, minimal paperwork to provide and no long waiting period to find out whether your request has been approved.
With Rapid Capital Funding’s merchant cash advance program, you can get the working capital you need to run your business, pay bills, buy or lease new equipment, open a second location or whatever you want to do. Contact Rapid Capital Funding today and let us show you how to get the financing you need for your business.

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Try A Home Based Business Franchise

Homeowners are paying closer attention to their homes for a variety of reasons today. With housing values on the downslide, keeping up the appearance of a home is more important. In addition, many homeowners also use their homes as a base of operation for their small home-based businesses.

The unstable economy means that fewer people are employed in traditional positions. It also means that more people are turning to home-based business opportunities to generate cash, either to stabilize family finances, pay down debts, increase savings or develop an independent line of income in case the worst happens.

These small business owners are also looking for alternatives to small business loans that won’t break the bank. Rapid Capital Funding offers small business loan alternatives that are ideal for businesses that conduct a high percentage of credit card transactions. These small business loan alternatives don’t require excellent credit and don’t come with minimum monthly payments. Our small business loan alternatives enable your small business to finance its own expansion and offer repayment terms that make sense for a growing business.

Rapid Capital Funding even offers franchise business financing for small business owners who are looking to expand their businesses, or steer their franchise businesses through hard times. Contact Rapid Capital Funding today for more information on our small business loan alternatives for home based businesses and franchise businesses.

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