Pages

Monday 17 October 2011

Rapid Capital Funding’s Business Financing for Bars and Nightclubs


If you are an owner of a bar or nightclub, you must have faced several adversities in order to get hold of the usual bank loans. This is because of the banks or alternative funding organizations are all the time unwilling to approve loans for these kinds of business. In fact, if you go by the statistics, you would be able to see that about 90% of the loan applications from this kind of industries get rejected resentfully every year. Even if some of the conservative lenders agree to allow the loans, in order to get the same, a personal guarantee or security collateral is necessary.
However, thanks to Rapid Capital Funding’s business cash advance program for the bars and nightclubs, now you no longer have to be concerned about this very aspect. Other than offering you an working capital of up to $250,000, it even makes sure that you obtain the funds within a maximum period of 72 hours or 3 days.
Unlike the conservative small business loans, here you do not even need to come up with good credit score as well as an extended business history. The merchant cash advance program for the bars and nightclubs is primarily dependent on the future credit card sales volume of the business.  This way, even if your business goes through a rough patch, there is no need to worry at all – the pay back facility of this program has been exclusively designed keeping in note of the ups and downs of your business.  They will only take a small percentage of your daily income from credit card as pay back.

0 comments:

Post a Comment