How Cash Advances Are Helping Small Businesses Grow

It is a known fact that banks do not offer financing to businesses with less than perfect credit ratings. If you are planning on applying for bank funds without a proper credit score, you should hold off for now. In all likelihood, your application will get rejected. And when that happens, it will further destroy your score. What you need instead is a merchant cash advance. Mantis Funding LLC is a reputed company in the US that offers small businesses like you cash advances to help you grow and take your company to the next level. Whether you own a liquor store, an auto repair shop, a trucking business, etc., you can rest assured that they will help you out. Read on to find out how you can make the most of this service.

 

Customized Funding Options Just for you

Mantis Funding LLC offers a wide range of financing solutions. They take the time and effort to understand your business and operations. Then, they look at your financing needs and determine which will be the best option for you. Their services are designed to help you get your funds as soon as possible so that your operations are not interrupted. Right from when you make the application to when you get your funds, their turnaround time is very short. They ensure that you get your money in less than 3 days, provided all your information is correct. When it comes to repayment options, the company is flexible in that as well, taking into account the nature of your business and your receivables.

Flexible Repayment Options

If you go through a few Mantis Funding reviews, you will be able to see how thousands of small companies like yours have benefitted from their services. Mantis Funding can help you get a cash advance from as little as $5,000 to as much as $250,000. So, whether you are looking to expand your store or open a new store in a different location, you can rely on them for the money. They also offer multiple repayment options that are suited to your repayment capacity. This model works on the principle of attaching their returns to your future receivables. So you can pay back the amount as and when you make revenue.

You Do Not Have to Reply on Your Credit Score

One of the best aspects of getting a cash advance is that you don’t have to worry about your credit score. Even if your score is not good, you can get the money you need since your repayment capacity is assessed based on your business capabilities and not past payment history. You can verify this from the many Mantis Funding reviews that other customers have written. Your business history, operations, and future sales are what matter here. In these difficult times, it will be hard to get financial help from mainstream sources. With this company, all you need to do is to fill out the application, prove that your business is making money, and you are set to go. 

How Medical Stores Can Benefit from Merchant Cash Advances

Most people believe that operating a medical store is a secure and profitable business venture for small business owners. Well, the healthcare industry is not expected to slow down, and since medical stores, are an important part of it, they will continue to be profitable. With such promising prospects, owning a medical store can appear to be an easy task. Unfortunately, business is never that easy!

The healthcare sector is evolving, and new breakthroughs are still around the corner. In this situation, business owners must ensure that they are fully up to date on both the products they sell and how they run their company. This may require investment from time to time, and this is where Mantis Funding can assist.

A Mantis Funding cash advance provides medical shop business financing for medical stores. The aim of this medical store funding is to ensure that medical stores have access to the capital they need quickly and efficiently in order to continue operating and expanding their businesses.

Funds for Instant Capital

Although a medical store might have solid cash flow, there are certain times when a little extra is needed. Even if a medical store's cash flow is consistent, there are times when additional funds are needed.  If the stock in a medical store expires, it will need to be replaced immediately as customers cannot delay their medications. Emergencies must be dealt with as quickly as possible and adequately. Thus, a Mantis Funding cash advance can deposit funds into your account within 24-72 hours of approval.

Funds for Business Expansion

Nowadays, people have been forced to retreat to their homes as a result of the COVID-19 pandemic. The number of online transactions has increased as a result of this. To keep up with this trend, medical stores should have an online presence and be able to make home delivery. Mantis Funding recognizes the need for investment to keep up with how the market is changing.

Funds for Emergency Situations

It goes without saying that to run a company, you must be able to keep up with the fast-paced nature of the industry. It only takes one occurrence to change the way things are done. For example, the current pandemic that is affecting people all over the world necessitates the installation of sanitization and temperature check booths. However, integrating safety measures for consumers and the existing staffs in the store can be costly. Thereby, Mantis Funding cash advances play a great role by offering timely funds during emergency situations.

Therefore, with Mantis funding, you get everything you applied for up front, allowing you to focus on what needs to be paid right away. It's important for a company owner to have a thorough understanding of financial funding options. When you run a medical store, a merchant cash advance is a smart decision. There's very little risk and a lot of gain. If you need more assistance, the funding experts at Mantis Funding are happy to assist you with any additional funding questions you might have. They will walk you through the application process step by step, help you decide if it's a good fit, and get you the money you need to keep your patients happy, safe, and full of life.

I Have Been Turned Down by Banks, How Can I Get Funds?

One of the major problems faced by small businesses all over the USA is bad or no credit scores. Traditional sources of funding such banks rely heavily on credit scores which give them an indication of the repaying capacity of the borrower. Unfortunately, for small businesses, a bad credit score often means they are turned down by banks and other financial institutions. However, there is hope yet for small business owners who have been turned down by banks. Companies such as Mantis Funding aim to bridge this gap and provide crucial funding for small businesses.

Challenges in Maintaining a Good Credit Score

The banking system is such that maintaining a good credit score is absolutely essential to be able to apply for funding from banking institutions. Many things go into maintaining a good credit score - your payment history, level of debt, credit age, mix of credit, and recent credit. Small businesses often find it difficult to maintain a positive score. Running a business involves various capital expenses such as adding inventory, regular repairs and maintenance, hiring staff, other bills, and taxes, etc. This means that small businesses end up not being able to make their payments on time which affects their credit score and access to funding.

Your Credit Score is No Longer A Problem

Since banks look at the credit history of the owner as well, funding applications of many small businesses get turned down. However, all these businesses have good business models and regular cash flows. Mantis Funding builds upon this factor to provide funding to small and mid-segment businesses that is often crucial for their survival and growth. Their funding process is not based on the credit score of either the business or the owner. Rather, they evaluate the revenue generated by the business - past as well as current revenues. This completely takes credit scores out of the equation.

Get Funds Immediately

When you need money, you need money. The paperwork and other formalities associated with banks and other financial institutions are so much that by the time everything gets processed and the funds get transferred to you, you are already in deep trouble and way past the requirement. With a Mantis Funding cash advance, you can get the funds within one to three days of your application being submitted, allowing you to use the funds as and when it is needed. Further, there are no restrictions on how you can utilize the funds.

How Does Mantis Funding Cash Advance Work?

A Mantis Funding cash advance caters to small and mid-segment businesses with short-term financial requirements. You will be asked to fill up and submit a short application along with documents showing your business revenue, such as your bank statements. There is no fee to apply for the cash advance. Once your business is approved and found to be eligible for a cash advance, the amount is immediately transferred to your business bank account.

If you feel your business needs a Mantis Funding cash advance, get in touch with a representative now!

Why do Small Businesses Choose Alternate Finance?

Effortless Process of Application

Does the thought of approaching a bank for extra funds fill your mind with dread? With a tedious application process that requires the furnishing of many documents, it can prove to be quite overwhelming. However, if you choose an alternate financing option, such as a merchant cash advance from Mantis Funding LLC, you won’t have to spend hours just to apply for a cash advance. All you have to do is go to their website and fill out an application form with the appropriate details. The entire process is online and takes less than 10 minutes!

Receive Cash Advances Quickly

A cash advance is only as good as the need it meets. The running of a business raises multiple needs that must be met immediately. If not, it could prove difficult for your business, especially from an operational standpoint. Mantis Funding It’s no secret that conventional financing is not small business-friendly. For starters, there’s a complicated application process that requires a lot of documentation and collateral, and it often takes weeks for an application for funding to be approved. Further, a periodic repayment model can make running a business more stressful than it needs to be. Therefore, in some ways, conventional financing does more harm than good to small businesses. If you are a small business looking for additional funds, alternate financing is the route to go. Given below are a few reasons that will help you make this decision.

Mantis Funding LLC, understands how time-sensitive business needs are and that a cash advance is absolutely useless if it is received after the damage has been done. This is why they ensure that the cash advance is deposited in your business account as early as 3 days from the application!

Don’t Risk Your Assets for a Cash Advance

Conventional financing mandates that collateral is placed as security for funding. If the business owner is unable to make periodic repayments, these assets will be seized. A small business should not have to risk its assets for a cash advance. It is this thought that should drive a cash advance policy. Mantis Funding makes an estimation of expected sales based on your sales statement and will arrange for a cash advance accordingly, without any collateral. This has helped multiple small businesses flourish, and they have made their satisfaction public through Mantis Funding reviews.

Repayment Based on Sales Made

Another major advantage of alternate financing options such as a merchant cash advance is the flexible repayment model. A percentage of every sale made goes towards the repayment of the cash advance. This allows business owners to focus on sales rather than worry about making periodic repayments as with conventional financing. Mantis Funding reviews are rife with testimonials of small business owners who have been able to succeed because their entire focus was on improving sales and not on cash advance repayment.

If you are a small business owner, alternate financing is the way to go for timely stress-free funding. Contact Mantis Funding LLC to see how they can help.

Can You Use Future Credit Card Sales to Get Access to Instant Funds?

Does your business have regular credit card transactions? This could work to your advantage if you are looking to secure additional funding. Unfortunately, conventional financial institutions may not consider these transactions while evaluating your creditworthiness. On the other hand, alternate financing lenders such as Mantis Funding can help you find timely solutions to meet your need. 

Highly Popular Funding Service

 

There are hundreds of small businesses in different niches that have benefitted from a merchant cash advance. It works quite differently, from funding you would receive from a bank. In this model, a lumpsum amount is transferred to your account as a cash advance. Rather than make fixed periodic repayments, a small fraction or percentage is deducted from your regular credit card sales. The deductions stop as soon as the entire amount has been paid back. If your business has regular revenues through card transactions, then a Mantis Funding cash advance is a safe and low-risk way of securing necessary funds.

 

Merchant-Friendly Process

 

If you have previously applied for funds from a bank, you will know that it takes time for your application to be approved. They normally have very stringent policies and verification processes that can take a lot of time. At Mantis Funding, the team believes in a simple and quick process which is not based on any collateral or your credit scores. Before approving your request, they consider your business model, customer base and current and past business sales. You will receive a funding proposal which will highlight different terms and conditions. Once an agreement is made, the funds are quickly transferred to your account. 

 

Applies to Many Businesses

 

While banks may be reluctant to cater to certain businesses, a Mantis Funding cash advance can be used by retail outlets, garages, nightclubs, pharmacies, salons, liquor stores, restaurants, and several other small businesses. Most of these stores have daily credit card transactions; therefore, repayments do not become a cause for worry. Further, when your business is doing well, you can pay back a higher percentage, and during the lean season, you can pay back a lower amount. Thus, there is a lot of flexibility built into this form of alternate funding. 

 

Reputable and Trusted Brand

 

While there’s no doubt that taking merchant cash advance will help your business, it is important to secure your funds from a reliable and trusted source. If you look at online reviews, you will find that Mantis Funding continues to enjoy a positive reputation in this regard. They go the extra mile to ensure that there is no delay during the process as they understand that time is the essence. A consultant from the firm will work with you to find the right funding solution for your needs. Thus, their service is customized to meet your unique business requirements.

 

Get in touch with Mantis Funding and find out how a cash advance can help boost your business.

The Secrets to Run a Successful Retail Outlet

Mantis Funding has been busy helping companies overcome the pandemic! The onset of the pandemic has led to a global closure of retail outlets. Even before the restrictions were imposed worldwide by the administration, the retail market started to fade, and people moved from the physical to the virtual world. In addition to this, factors like surplus supply, cut-throat competition, dynamic consumer tastes, etc. also accounted for the closure of a large number of retail outlets. These factors can be overcome, and a successful retail outlet can be run if the following factors are put into practice.

The First Secret is to Keep Things Simple

 

The modern-day consumer is spoilt for choices. Given that, it is unwise to further clog customers with a gazillion options to choose from. The first secret to a successful retail outfit is to offer only a handful of choices. An overwhelming number of options to choose from will drive away potential buyers as it would make shopping seem like a dredged chore. Analysis of the market and customer base and roping in business analysts to review the business model will help keep abreast of the latest market preferences so changes can be made accordingly. This is often avoided by small outlets, as it is difficult to procure cash advances. However, Mantis Funding cash advances are designed specifically to cater the needs of small businesses with an easy application procedure and period of approval within 3 working days.

 

The Second Secret is that Customer is King

 

The saying “the customer is king” should be adhered to in the conduct of business if success is to be achieved. Every model of business should improve the customer experience. It is a well-known fact that customers tend to spend more when they receive satisfactory service. Reward points, offers, deals, customer support for grievances, and a good return policy are some of the ways in which customer satisfaction can be ensured. Everything that could elevate customer satisfaction should be implemented, and this requires timely investments that are best provided for by Mantis Funding through their cash advances.

 

The Third Secret is to be Adequately Stocked

 

The primary investment of retail outlets is the inventory. It is what sells and rakes in profits. The key is to ensure that the inventory reflects the changing demands in the market. It is equally important to ensure that the outlet does not run out of inventory unexpectedly. The “open-to-buy” technique is the best way to calculate an estimate of the supplies required. Using the formula “Sales + End Inventory - Initial Inventory = Purchase,” business owners can chart out inventory plans that will help them remain stocked at all times. Any deficit in the inventory should be immediately met. This immediate cash requirement can be fulfilled by applying for a Mantis Funding cash advance, which helps applicants receive the required cash advance in less than three days!

 

The Fourth Secret is to Make Sure the World Knows

 

One could have the best product in the world and yet fail if marketing is not done right. The basic rule of marketing is to ensure that the advertisements introduce the product in simple ways; this will be retained in the memories of those who watch it. Secondly, the store should be easy to navigate, give an overview of all the products and services offered, and make offers and deals visible. Mantis Funding enables business owners to secure the necessary cash advances that will enable them to place targeted advertisements and employ the best in the business to design stores.

Role of Alternative Funding Institutions in Delivering Quick Funding to SMEs

Quick funding, what does this term signify? By definition, the type of transaction when a financial institution processes the funding transactions within a matter of 3-4 days is called quick funding. However, when it comes to sentiments, it means helping owners at their moment of crisis. 

Perhaps, it is fair to say that traditional channels only understood the bookish definition of quick funding. They never tried to understand why the SME owner was visiting them. For them, the only measure of creditworthiness of an applicant was his/her high credit score. Also, heavy collateral is another thing that they search for in the application. The lack of either of them or both could lead to a definite rejection. Had they understood the dilemma SMEs face, they would have altered their policies for the betterment of small and medium enterprises.

However, their failure was turned into an opportunity by a new financial wing. The rise of alt-fin institutions has surprised many. What they have done is commendable and astonishing. They have revitalized the market and helped numerous small and medium enterprises with their funding options like that of Mantis Funding Cash Advance. Besides, they understood and worked to cover the bridge that was created by the traditional channels. Their way of quick funding depends on their motto of:

Opportunities are rare, and one should take them.

Hence,they have cleared the restrictions that once held the SMEs. Not taking credit score or collaterals as a part of their consideration for an approval is a testament to the same. To ensure that they are open to all, they have developed a holistic system that works to deliver quick funding.

This system comes at the back of their understanding that they have developed over the years of hard work. Their extensive research allowed them to gain an insight over how a lack of quick access to working capital can deny SME owners a chance to stand in the market. Besides, they understood that the supply of instant cash through Mantis Funding Cash Advance or other financial options smoothens the working capital and stabilizes the condition of the SMEs. 

Additionally, they also worked to provide a section where users can find authentic reviews and contact the support, in case they find any difficulties with the funding options. However, in a crowded market, it is hard to find an adequate solution or a firm. Some offers can be blindfolding. Hence, it is pretty easy to fall for a dishonest dealer.

Moreover, some firms dictate their terms instead of seeking what the applicant wants from them. Perhaps, a little relaxation in the repayment scheme or an increased capital width could do wonders for the businessman. Hence, it becomes crucial to work with firms like Cresthill Capital/Mantis Funding. With decade-long experience, these firms have decoded the minute intricacies of quick funding. With the help of AI/ML, they have been able to create a pipeline that promotes faster approval and quick reimbursements. Besides, repayment of Mantis Funding Cash Advance or any other funding options is customized by keeping the applicant’s business model in mind.