October 12, 2012
In a bold move designed to strengthen the viability and stability of a small business, Rapid Capital Funding, a leader in merchant cash advance funding, this week directly funded $1,250,000, the largest amount to date in the company’s history, to a multi-location convenience store business located in the western United States. In this case, the funds will be used to expand the business and provide working capital for the growing chain of stores.
“This is a quality business and we are extremely confident in our ability to service this type of transaction,” said Craig Hecker, Rapid Capital Funding’s CEO. “We were able to step outside the box in terms of funding in this case. We have great syndication partners who we invited to co-invest in this deal because of the strength and potency it offered,” said Hecker. “I truly believe this type of partnership will change the way that these forms of transactions are handled.”
To date, Rapid Capital Funding has advanced more than $100 million in funds to small businesses, worldwide. “We pride ourselves in really examining the core and the strength of a business that comes to us for financial assistance,” said Hecker. “There’s clearly a demand for funding solutions, alternatives to traditional bank loans, but our strength is in working with the business to ensure the funding is appropriate and supported.”
Rapid Capital Funding is based in Miami, Florida. Since its inception in 2007, Rapid Capital Funding has provided more than 5,000 advances to more than 3,500 unique businesses.
For more information, visit http://www.rapidcapitalfunding.com/ or call 888-702-2748.
About Rapid Capital Funding
Rapid Capital Funding was founded in 2007. Developed for business owners by business owners, the company is committed to using the finest technology and data processes to assess the financial viability of small businesses and deliver capital to this market, which is many times underserved by traditional bank loans. RCF’s team of experienced financial executives focuses on businesses and their overall performance and growth, many times assisting owners in addressing critical shortcomings and effectively helping to strengthen market share and presence.
For the original version on PRWeb visit: http://www.prweb.com/releases/prwebmerchantcashadvance/rapidcapitalfunding/prweb10007304.htm