RapidAdvance offers business cash advance services to help small and mid-sized businesses find working capital.
RapidAdvance merchant cash advance services work by converting your future credit card receivables into cash, and you simply repay your cash advance loan with a small percentage of your daily credit card transactions.
Your business can be approved and funded with the cash it needs, up to $600,000, within 10 day, which is ideal for businesses that need additional funds to grow, expand, support a seasonal trend, or pay off debt, and it is perfect for companies that need cash in an emergency.
RapidAdvance business cash advances are available with no personal guarantees, no liens or collateral, no points, no fixed payment schedules, no coupons or checks to write, no impact on your ability to qualify for other financing, and no business use restrictions. Loan terms range from 6 to 12 months, based on your needs.
No complicated paper work is required, and you can apply online in less than three minutes. Then you just fax your last four months of Visa/MasterCard statements to RapidAdvance. Over 80% of merchants are approved and funded within 10 days, and the application is absolutely free.
Your business must have accepted Visa/MasterCard transactions for at least six months, your monthly Visa/MasterCard volume must be at least $2,500, all of your prior bankruptcies must be resolved, and you must have at least one year remaining on your current retail lease.
RapidAdvance cash advance loans provide a great option for businesses that need quick access to additional financing.
Most attractive features: Up to $600,000 in cash advances; no personal guarantees; free application.
Least attractive features: Business must have accepted Visa/MasterCard transactions for at least 6 months.
Additional Services
None
Minimum Loan: Not Available
Maximum Loan: $600,000
Transfer Time: Within 10 days.
Transfer Method: Not Available
Term/Due Date: Loan terms range from 6 to 12 months, based on your needs.
Loan Details: RapidAdvance provides up to $600,000 within 10 days with no personal guarantees, no liens or collateral, no points, no fixed payment schedules, no coupons or checks to write, no impact on your ability to qualify for other financing, and no business use restrictions.
Minimum Income: Your monthly Visa/MasterCard volume must be at least $2,500.
Source of Income: Your business must have accepted Visa/MasterCard transactions for at least six months.
Bank Accounts: Not Available
Additional Applicant Requirements: All of your prior bankruptcies must be resolved, and you must have at least one year remaining on your current retail lease.
Application Process: You can apply online in less than three minutes, and you must fax your last four months of Visa/MasterCard statements to RapidAdvance. The application is free and 80% of applicants are approved and funded within 10 days.
Important Notations: RapidAdvance purchases a fixed dollar amount of your future credit card sales at a discount, and then they collect a fixed percentage from each Visa/MasterCard sale until your contract obligation is satisfied.
Finance Fee: Fees are based on the information provided by the applicant.
Finance Fee Details: Not Available
Minimum Payment: The details of the loan payments will be provided to the applicant during the approval process.
Refinance Details: Not Available
Payment Method: A fixed percentage is automatically collected from each Visa/MasterCard sale until your contract obligation is satisfied.
Payment Details: RapidAdvance purchases a fixed dollar amount of your future credit card sales at a discount, and then they collect a fixed percentage from each Visa/MasterCard sale until your contract obligation is satisfied.
