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.