Nearly all businesses struggle with securing the capital they need to grow and thrive when they need it, and traditional banks are often one of the primary obstacles separating them from the funding they need. Platinum Rapid Funding Group, a leader in the alternative financing industry, specializes in helping small and medium-sized businesses access the money they need today through merchant cash advances. A merchant cash advance is simply the purchase of future credit card receivables, allowing businesses to use tomorrow’s revenues to achieve growth today.
Unlike traditional banks, Platinum Rapid Funding offers a convenient application process. Business owners have the freedom to apply for as much as $5,000,000 or as little as $5,000, depending on the needs of their company. They can also choose to make payments on the money daily or weekly, and set the time frame of the loan, again proving how flexible the Platinum Rapid Funding platform is. Most companies are approved in as little as 24 hours, with their accounts funded within 48 hours of the initial request. This “rapid” turnaround ensures that entrepreneurs can capitalize on opportunities as they arise, without waiting for a bureaucratic bank to approve a loan.
Serving A Variety Of Industries
While most banks end up feeling like a villain once a small business owes them money, Platinum Rapid Funding takes pride in becoming a valued partner once a loan is taken out. Their trained experts will provide honest advice on which financial product(s) might be best for each customer’s specific situation, and perhaps even consider uses for the money that the business owner never imagined!
The value of this expertise is directly proportional to how well the lender knows any company’s specific industry, and Platinum Rapid Funding has the experience to matter. They have previously worked with a broad range of companies, including small retail shops, bars, car dealerships, nightclubs, mechanic shops, restaurants, construction companies, and more. They can leverage this experience to make sure that every company receives the funding they need under terms allowing for future growth.
Two Funding Options Available
Platinum Rapid Funding allows customers to pay in one of two ways: ACH Funding or Credit Card Splits. Neither term is foremost on the mind of most entrepreneurs, so some explanation is in order. ACH Funding stands for Automated Clearing House and makes payments extremely convenient for the customer. A business using this fee structure collects credit card receivables as usual and deposits them into the account they always use. Platinum Rapid Funding is given permission to access the account on a daily or weekly basis (customer’s choice) and withdraw their agreed upon percentage, thus paying the loan back without the borrower ever needing to lift a finger!
Some entrepreneurs are uncomfortable with the idea of sharing their sensitive banking information, and that’s okay too. Using Credit Card Splits, a credit card processor can deduct the lender’s share of every credit card transaction before depositing any money into the business’s account, ensuring that the bill is paid as conveniently as possible for all involved!
Learn More About Platinum Rapid Funding Or Apply Today
If you’re interested in learning more about Platinum Rapid Funding or want to apply for funding, visit them online at PlatinumRapidFunding.com for more information. You can also follow the company on social media platforms such as Facebook and LinkedIn to keep up with all of the company’s latest updates.