What Is a Merchant Cash Advance By Mantis Funding

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Presentation Description

Businesses go through ups and downs. These fluctuations can be due to many variables. Severe weather can cause people to stay home or it could cause them to deplete a business of all of their inventory as people prepare for severe weather.

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Presentation Transcript

Slide1:

What Is a Merchant Cash Advance?

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Businesses go through ups and downs. These fluctuations can be due to many variables. Severe weather can cause people to stay home or it could cause them to deplete a business of all of their inventory as people prepare for severe weather. Construction projects on roadways can slow business if there is nowhere to park or the construction makes it difficult to reach the business’ parking lot. Suppliers may be unable to ship their product due to weather along the shipping route or the economy can have an effect on the number of money customers are willing or able to spend.

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These variations are expected by a good business owner and well-established businesses can generally weather the storm because they have funds set aside for these problems or they have access to capital through their bank. But micro and small businesses, particularly if they are just starting up, usually don’t have that luxury. Since they haven’t been in business long their track record may not be sufficient for a bank to be willing to take the risk. So what do these businesses do?

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Capital Funding Companies

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For micro or small businesses, there is hope. They don’t have to close their doors simply because they need a few thousand dollars to replace their inventory or wait out the construction in their area. Micro and small businesses can reach out to capital funding companies, such as Mantis Funding for a merchant cash advance. Just make sure that you look up things like Mantis Funding complaints prior to picking the company, so you know what type of customer service they provide.

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A Mantis Funding cash advance is one way that a small business can get the funds they need to weather the hard times. Mantis Funding is a company that will fund a small business when they need cash to make through hard times. They deal only with micro or small businesses. The best part about these companies is that you don’t have to own a business that has been in existence for years.

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They will provide funding for new businesses, unlike many banks. If you go through a capital funding company you can get the merchant cash advance you need within a week. Their approval process is based on different criterion than a bank and these companies may have departments that deal only with small loans which is what helps the process move so quickly.

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What Is the Criterion ?

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As an example, Mantis Funding Reviews your revenue stream. They look to see if it fluctuates at a reasonable rate, how much you take in, the customer base you have and how you reinvest the revenue into your business. They will also consider why you need the cash advance. If you have a steady customer base or an increasing customer base, along with a good business plan and a viable product you will likely get improved. They will then work out the repayment terms and the flexible repayment options.

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You could have your payment processor divert a percentage of your daily receipts to repay the loan. You could also agree to divert a percentage of your monthly receipts to the funding company. Whatever repayment option you choose, once the contracts are signed, you will have the funds you need in your account within hours of signing the contracts.

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