As a small business owner, juggling multiple roles every day can be stressful. If one of your many responsibilities is handling your company’s finances, you’ll have to figure out how much you’ll need to expand your business to get it on the path to success. To get started, you’ll need to find sources for acquiring business capital to make necessary investments.
Receiving the proper funding can be a hassle due to piles of paperwork and lengthy processes. As the owner of your company, you probably don’t have time for this. Thanks to RapidAdvance’s Business Financing Programs, you no longer have to put aside a large chunk of your time and savings to obtain the capital you need. Here’s what you should know about your three options.
With three levels available – preferred, select and standard – you’re sure to find the loan that suit’s your company’s needs. Once you fill out a small business loan application, RapidAdvance reviews your information and does its best to get back to you within 24 hours. Just a few days after you’ve been approved and alerted to whether you’ve qualified for additional capital, your funds will be placed into your account.
Compared to other banks, RapidAdvance has recorded a higher approval rate, providing thousands of small businesses with more than $800 million overall. Companies also choose RapidAdvance because of its repayment plans that are both affordable and customized to fit the specific requirements of your business.
Business Cash Advance
You can choose from either premium or standard price levels with two main options:
- Starter merchant cash advance – You can access funding up to 50 percent of your average monthly volume, even with as little as three months of credit card processing under your belt.
- Premium merchant cash advance – This cost-effective financing option is for business owners who have at least three years worth of good credit standing.
Business Line of Credit
If you have a line of credit with RapidAdvance, you can access your funds whenever you need them, regardless of why your business requires them at that time. Many banks surprise business owners with hidden fees for additional capital. With RapidAdvance, you don’t have to worry about any of these unexpected costs.
Don’t get caught up in the mess of tedious, expensive and often unreliable methods you’d run into with traditional bank loans. Find out how RapidAdvance can get you the funding your small business needs without the hassle.