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Benefits of Business Cash Advance from Rapid Capital Funding
Whether it is a small or medium sized business, excess funds are always required for maintaining its operation. Now you can get this excess cash supply through business cash advance from Rapid Capital Funding. The cash is not only easily accessible but also uncomplicated. This cash advance requires fewer documents and takes shorter time for approval.
What is Business Cash Advance?
Business cash advance from this alternative funding institution gives small business owners an unsecured cash advance up to $250000 within 7 days. These alternative financing solutions, unlike traditional business loans, has a direct link to your transactions as it is solely based on future credit card sales. As a repayment norm, this cash advance purchases only a small proportion of your upcoming credit card sales. Unlike traditional small business loans, this cash advance is much faster and is effortlessly achievable
How Is Cash Advance Responsible For Your Business Growth?
Business cash advance does not ask you for a security collateral or personal guarantee which is a relief for small time business owners. Apart from that, the small business owner does not need to have excellent monetary back up or an extended business history. You are assigned for it without bearing any additional cost like closing fees, hidden charges or startup cost. This cash advance program causes less botheration to you in terms of paperwork.
Take a quick look at the benefits of the cash advance:
Requires no security collateral
Approval is quite quick
You require no personal guarantee
You have flexible payment schedule
You receive your funds within 7 days
Approval rate close is to 95%
No Applications required
Transactions Should Roll Through Credit Cards for Cash Advance
If you are applying for a cash advance program then your monthly transactions should roll in through either debit or credit cards. At the same time the transactions should be a minimum of $5000 per month.
Make A Single Page Application for Cash Advance
As this cash advance program is based on future credit card sales so you need to make a single page application comprising of 3 months bank statement and 4 months credit card processing statement.
Basic Requirements of Business Cash Advance Eligibility
The first and foremost thing that you need to do for this merchant cash advance program is make a registration with the United States. In addition to that, your business transactions should be a minimum of $5000 through credit or debit card. Lastly, the small business owners should also be current with their lease.
Use Cash Advance for Your Own Business Needs
The alternative funds that you receive can be used for any business purpose like renovation, business expansion, inventory stock building and for that you do not need to give an explanation mentioning the specific use or purpose.
Enjoy a Flexible Pay Back Norm
With business cash advance you dont have the added tension of paying a fixed monthly sum. This cash advance program is directly linked with your business and so you have the liberty to repay as per your business conditions. This means that you pay less when your business does not do well and vice versa. Unlike traditional bank loans, you do not have to undertake any burden of late fees.
Whatsoever is your intention for additional business financing, small business owners can easily avail it and fulfill their credit need.
Bankruptcy or Bad Credit is No More a Problem For Small Businesses
Small businesses often suffer a bad period of business and lose their credit rating or even go bankrupt in some cases. The owners realize that it not the end of the world. The bad period is normally due to natural calamities and poor business planning. However the worry of the businessmen at this stage of business is to get some capital to run the affairs and try to get out of the problems. Capital is available through Small Business Bad Credit Loans. The problem is the Bad Credit or the Bankruptcy, as most Financial Institutions/Companies are reluctant to grant loan to businesses with Bad Credit or Bankruptcy.
As said that this is not the end of the world. Businessmen in financial troubles coupled with Bad Credit or Bankruptcy have a very lucrative opening for them. Loan facility is available without the consideration of Credit Rating or Bankruptcy, not only this the Payback System is based on agreed Percentage of future sales and receivables from Credit Card payments, a convenience unimaginable by small business owners. Merchant Cash Advance offers the much required Capital to small businessmen in financial difficulties and unable to arrange cash due to being Bankrupt or having Bad Credit, with the option to utilize the cash where they like it, there is no restriction as to how the cash will be used.
Merchant Cash Advance Loans provide some very attractive facilities such as the:-
No collateral is required, thus no loss in equity.
Easy to get approval in a short period of time, a maximum of 24 hours.
Credit Card sales determine the volume of cash required.
Paybacks are based on monthly sales through credit cards. Low the income low the payback, higher the income higher the paybacks.
Payments are so planned that the Credit Card
processing companies are authorized by the Merchant to transfer a percentage of the daily credit card income directly to the merchant cash provider
These facilities provide major advantages over the conventional small business loans. The existing recession in the world economy, bad credit market, low business incomes and increase in the percentage of defaulters, merchant with Bad Credit are having real tough time to meet their cash requirements. Small Business Loans are not available to them. Merchant Cash Advance has proved to be a lifeline for them.