Owning a business is a challenge. There are times when cash flow is absent for various reasons, but you must meet payroll and other expenses. Or maybe your business needs funding to expand or upgrade. This is where Platinum Rapid Funding can help. This merchant cash advance company assists small and medium-sized businesses all over the United States.

How a Merchant Cash Advance Works

A merchant cash advance can often help when traditional funding sources are not available, or you need money quickly. While there may be other funding options, such as a business line of credit or a business credit card, it can take days or weeks to obtain approval. Or perhaps your company has a bit of bad credit. Cash advances are often approved within hours of applying and many times poor credit is not an issue.

Merchant cash advances are usually repaid from future credit card and debit card sales. This means that there are no set payments, which can make repayment easier. However, some companies do have repayment options that include debiting amounts directly from the company bank account. Your merchant cash advance professional will assist you in deciding which type of funding is the best for your situation. The amount of capital will be determined by your company’s ability to repay. Merchant cash advances are a popular source of small business funding.

What You Can Do with Your Merchant Cash Advance

There are limitless options in regard to how to spend your cash advance. These types of capital are perfect for short-term cash needs, such as paying vendors. They could also be used by companies with weak credit profiles to purchase advertising or upgrade equipment needed to grow the business or to keep up with technological advances.

How to Apply for a Merchant Cash Advance from Platinum Rapid Funding

It is easy to apply for a merchant cash advance, and the money can often be deposited into your company’s bank account the same day. Your company does not have to have perfect credit or collateral. Often the borrowing limits are higher than traditional lenders will offer. To apply, head over to Platinum Rapid Funding’s website and fill out the short application. Once submitted, a representative from the company will contact you to discuss all your options. All your information is confidential.

To process your application, you will need to have certain information on hand. Be sure that you have access to your bank statements, proof of company ownership, and tax returns. You may also need to submit photos of your company and provide landlord contact information if you are renting your space. Your merchant cash advance professional will assist you in determining what documentation you need to provide.

Follow Platinum Rapid Funding to Learn More

To get additional details about how a merchant cash advance can help you, be sure to follow Platinum Rapid Funding on Facebook and LinkedIn. You can also visit their website where you will find information about the company and how to apply. The website features a blog that discusses issues pertaining to small businesses and their owners, such as setting goals, networking opportunities, finding a mentor, and preparing to apply for a cash advance. Keep these links handy, even if you are not in need of an advance today. The next time you need funding, think of Platinum Rapid Funding.