Frequently Asked Questions

Below is a list of frequently asked questions about Rapid Merchant Funding and Merchant Cash Advances. Click on a question to view the answer.

1. What is a Merchant Cash Advance and how can it help my business?

2. How does a Merchant Cash Advance work?

3. How does a Merchant Cash Advance compare to a traditional bank loan?

4. How does the RapidMerchantFunding program work?

5. How difficult will it be for me to qualify?

6. How long will it take to find out if I qualify?

7. How long will it take to get the cash?

8. How much can I hope to receive?

9. What can I use the money for?

10. Will I need to change credit card processors?

11. Will I receive the same low credit card rates?

12. Can I monitor the status of my account?

13. What if I have questions?

14. Where can I read more about this?

1. What is a Merchant Cash Advance and how can it help my business?

Many small business owners are unable to obtain traditional bank loans because they have insufficient credit or collateral. As a result, more and more have been turning to Merchant Cash Advances for infusions of working capital or other immediate cash needs.

2. How does a Merchant Cash Advance work?

It advances cash to merchants based on anticipated future sales, offering an alternative to the traditional bank loan. With a Merchant Cash Advance - which is not a loan - businesses receive a lump sum in return for a percentage of their future MasterCard and Visa receipts.

3. How does a Merchant Cash Advance compare to a traditional bank loan?

First of all, qualifying for a Merchant Cash Advance is far easier than a bank loan. No checks are ever written and there are no fixed daily, weekly or monthly payments, late fees, hidden fees or interest rates. In addition, there are no personal guarantees, no closing costs or loss in equity or need to post collateral to secure the advance.

4. How does the Rapid Merchant Funding program work?

Once you submit an application, a funding consultant will determine how much money you qualify for based on your average monthly MasterCard and VISA credit card sales volume. At this time, you’ll be asked for three months of credit card and bank statements, a copy of your lease and a tax return or financial statement depending on the size of the advance. These documents will be given to our underwriting department for approval. You will then receive a contract spelling out the specifics of the agreement. If you agree, the funds will be deposited in your bank account as early as the next business day. In return, we will collect a small, agreed upon percentage of your daily credit card sales until the terms of the agreement are satisfied.

5. How difficult will it be for me to qualify?

Most businesses will qualify. Generally, all you need to show is that you’ve been in business for over a year and process a minimum of $5,000 a month in credit card receipts.

6. How long will it take to find out if I qualify?

Pre-approval usually takes place within 24 hours. Funding takes two to three business days depending on the amount of the transaction.

7. How long will it take to get the cash?

Once the agreement is signed, the money will be received as early as the next business day.

8. How much can I hope to receive?

The average size of our cash advance is about $25,000, although cash advances range from $2,500 to $250,000.

9. What can I use the money for?

You are free to use the money in any way you feel is best for your business. Many of our customers use it for expansion, advertising, new equipment or increased (or seasonal) inventory. It is also frequently used for unforeseen emergencies or to buy out a partner or acquire a new location.

10. Will I need to change credit card processors?

You might possibly need to change to our preferred credit card processor who will either Match or Beat your current rates.

11. Will I receive the same low credit card processing rates?

The credit card processor we use will either Match or Beat your current rates.

12. Can I monitor the status of my account?

Absolutely. In addition to receiving a monthly statement, you will be able to log into our password protected website to view your account status.

13. What if I have questions?

No problem. Simply call 1-360-203-3253 to speak to a Rapid Merchant Funding customer service representative 24 hours a day/7 days a week.

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14. Where can I read more about this?

Rapid Merchant Funding's Blog would be a good place to begin.

Get a Small Business Loans to Improve Your Cash Flow

Running a business can be rewarding, but it also comes with a unique set of challenges. Even very successful businesses can find themselves faced with cash flow issues. This is often due to slow processing on credit card transactions, which often make up the bulk of a company's income. During the wait, there are bills to pay, supplies to buy and general day-to-day operating expenses. Many businesses apply for unsecured business loans to generate the working capital they need to keep running. However, this can often be time consuming, and banks often have very strict criteria that even thriving small businesses can find hard to meet. Rapid Merchant Funding has the perfect solution to those cash flow crunches. By selling those slow credit card invoices, you can use the money to keep your business going and growing. This is often better than a conventional small business loan, because your loan amount is based on your proven history, not the criteria that the bank imposes.

Apply for a Business Loan and keep your business on it's feet.

Rapid Merchant Funding has made the procuring of business loans a simple and easy process, using future credit card purchases in the business as financial security. This innovative method of helping businesses grow with business loans that are innovative and refreshing, as well as very simple, has helped numerous business find funds to increase stock and turnover, or pay for day to day running expenses while they are growing.

What Would You Do With Unsecured Business Loans?

Like many business owners, you've probably wondered just how one small business can go through so much money. Even if you turn a profit, the expenses at the end of each month can seem staggering. With salaries and bills to pay, equipment and supplies to buy, and just the general expenses of running an active business, cash flow can get tight pretty quickly. Low cash flow can even stunt the potential growth of your business, holding you back because you don't have the outlay to fund expansion. Whether you want to expand your product line, streamline your services, or market yourself to a wider audience, you'll need money to get it done. If you need a business loan, but are finding that a bank loan isn't the best option, consider the services of Rapid Merchant Funding. Even if your company's credit isn't perfect, you could qualify for a loan that makes it possible to do the things your business needs to do.

Can I apply for an Bad Credit Business loans?

It's no secret that running a business can be time consuming, expensive and at times, overwhelming. Even experienced business owners are often caught off guard by unexpected expenses due to unforeseen circumstances. With many companies owing money to lending institutions, these situations can often lead to delays or defaults on loans, lowering the business' credit and endangering their financial welfare. The irony is, many of these businesses will need additional financing in order to overcome and recover. Bad credit business loans can be notoriously difficult to obtain, and often come at an extraordinary cost.

Get the Working Capital Your Business Deserves

If you need money for your business, whether to finance growth or simply daily operating costs, contact Rapid Merchant Funding today. We've been helping small business everywhere get the money they need to stay on their feet. With reasonable terms and understanding qualification criteria, you could get that much-needed money within as little as five days. Contact us today to find out more.

Turn Future Sales into Cash with our Credit Card Factoring services.

If you need money for your business now, you might be hard pressed to find the place that will give it to you. People who you approach would first have to know what your business is all about and why they should fund you before giving you the funds. If you are looking for credit card factoring, you will have a hard time finding the right people but that is only if you look in the wrong places. If you look in the right places, you will find us, Rapid Merchant Funding who want to help you and your business out of a problem area and in to a bright future.

Our Unsecured Business Lines Of Credit Don't Require Personal Collateral.

If you run a business, chances are you might, at one stage or another, think about a cash loan. This might mean an unsecured business line of credit or a loan that has payments each month or any other form of cash loan. Regardless though of the type of loan, you will have to think of it sometime in your business career because it can make all the difference in your profits, potential boom of your company or the collapse of it. If you are thinking about one now, then you need to be prepared and if you wan to be, you need to come to us, Rapid Merchant Funding.

With our Merchant Cash Advance you don't have to risk your personal assets.

If you run a business, chances are you might, at one stage or another, think about a cash loan. This might mean an unsecured business line of credit or a loan that has payments each month or any other form of business cash advance. Regardless though of the type of loan, you will have to think of it sometime in your business career because it can make all the difference in your profits, potential boom of your company or the collapse of it. If you are thinking about one now, then you need to be prepared and if you wan to be, you need to come to us, Rapid Merchant Funding.

How fast can I receive my Merchant Cash Advance?

Rapid Merchant Funding provide you with unsecured business loans so now you can qualify for a merchant cash advance even if you have a bad credit record. There are many benefits to their services as compared to traditional loans, like you can get funding within 7 days; you do not need to send monthly payments; an easy, no obligation application; and a low paper work loan process in fact you can simply apply by calling their number (provided on the site). It actually is that easy and that simple, never thought it could happen but now your dream business can be yours without having to sell everything you own!

Why is a Credit Card Advance the best option?

You may be thinking of applying for a small business loan with your local bank, or maybe even with Rapid Merchant Funding now that you know all their benefits. But why not consider a credit card advance instead. This is type of funding is called receivables factoring and allows you to sell your future receivables at a discount. This means you get the money you will make in future now, when you need it most. You can then use this money to provide in whatever needs you may have such as equipment, advertising, expansion and so much more - now, finally, the options are limitless! Our Unsecured Restaurant Loans have great advantages, find out more! If you are a restaurant owner struggling with cash flow to keep your supplies and stock inventory up while waiting for credit card invoices to get settled, or have to carry certain clients for payments terms, using our services to raise funds in our innovative methods can be very helpful. Our restaurant loans process is simple and easy allowing you to obtain restaurant loans quickly and affordably.