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.