Cash Advance Financing and Future Receivables to Overcome the Handicap of Poor Credit Score

Are you a small business owner with a bad credit score that needs access to working capital funding right away? Instead of wasting time on applying to a bank, consider your eligibility for a cash advance. Companies such as Mantis Funding do not consider credit score for approving business financing. Read on to learn more about this alternative working capital solution.

Cash Advance Financing Mechanism

A cash advance is a business financing solution that’s quite different from conventional business funding. In the cash advance model, you’ll receive a lump sum that’s directly credited into your business bank account. In return, you’ll commit to repaying over a period of time with a certain percentage of future receivables.

The business owner’s personal credit score is not taken into account for cash advance approval. Instead, the ability to pay back is evaluated on the basis of past and current sales. If your business is in reasonably good health and you’re witnessing a steady flow of sales and revenues, you may be eligible for a cash advance.

Quick and Easy Approvals Process

Mantis Funding is an experienced company that acts as a facilitator of cash advances. The company has contacts with cash advance lenders and reviews key business information and business documentation provided by a client. If the eligibility criteria are satisfied, the company matches the client with an appropriate cash advance funding source.

It puts forth the funding proposal to the client. The client has complete freedom to accept or reject the proposal. If the client agrees to the proposal, the cash advance is quickly transferred to their business bank account. The entire process can be completed in a few days with minimum fuss and hassle.

Fewer Restrictions and Roadblocks

Mantis Funding reviews each application on merit and does not present the roadblocks that conventional money lending sources do. For example, small business owners are free to request funding for small or large amounts of money as long as they can provide proof that they will be able to pay back with future receivables.

Banks and other traditional money lenders are not very keen about lending to small business owners and may not approve a lending for very small amounts. With the cash advance model, business owners are free to use the money for any business activity such as payroll, buying new inventory, repairing/buying new equipment, renovations, expansions, etc.

Greater Degree of Flexibility

Another advantage of cash advance funding to small business owners is the flexibility of repayment. Most cash advance funding sources accommodate flexible percentage rates and allow customers to pay a larger amount for an installment or pay a smaller amount for an installment based on sales performance. On the other hand, banks usually require repayments in fixed installments.

A small, seasonal business may struggle to fulfill this obligation during the lean season. Many business owners appreciate the cash advance solution because there is no fixed repayment schedule.

If you look at Mantis Funding reviews online, you’ll find that there are only a negligible number of complaints and the company works closely with clients to resolve them. To access cash advance funding quickly, fill out the application form provided on their website!

A Business Dilemma

Let us consider a small business, say a daycare and the potential financial risks that might arise in the ordinary course of business. The owner markets the business in the village’s community center and within no time the business had the maximum number of children it can take. The business also involves taking all the children on little trips like to the zoo or a children’s museum.

The business has a car that can handle the number of children involved, and also have the required car seats for the children to make it easier for the parents. All of this is included in the fees charged. But then the state authority decided that different car seats were required for younger children. Now the business is in a dilemma. This is where companies offering Mantis funding cash advances and equipped with a platform to address Mantis funding complaints play a significant role.

Who Is To Pay The Required Costs?

When these parents signed up with the business, the deal was that the required car seats would be supplied by the business so as to make things easier for the parents and give them one less thing to worry about. But this new regulation would increase the costs and the business would have to get the new car seats quickly in order to comply.

The business cannot pass the cost on to the parents as it is a one-time expense that was included in the fee. The problem, however, is that owner is now in need of immediate access to cash so as to purchase the number of seats needed, and the business has to have additional seats for new clients. In this situation, it is difficult for one to find the funds for this one-time expense and this is exactly where a company providing Mantis funding cash advance can help.

The Solution To Quick Cash Crunches

What a business needs, is a small cash advance and a company offering Mantis funding cash advance would give just that. The company providing Mantis funding cash advance reviews the revenue stream, business model, customer pool and other factors and uses that information to determine how much capital advance they could offer the business at flexible cost structures.

If both parties agree to those terms, then a flexible repayment plan is worked out. Once the contracts are signed, within hours the Mantis funding cash advance is transferred to the borrower’s account and the dilemma is solved.

Platform For Addressing Grievances

If the client wants to know what type of customer service a company offers prior to signing the contract, it is advisable that they make sure to look up the Mantis funding complaints prior to reaching out to a capital funding company.

Mantis funding complaints department help the client solve any issue regarding the advancing of the required funds. Thus, every company providing such advances should have a provision for it just like Mantis funding complaints on its website or in the offices.

Fuel Your Business With The Right Funding

Funding is the fuel that pushes businesses forward, so if this fuel is missing or being withheld, the business is sure to flounder. A business is started with the help of seed money which can come from savings, a cash advance, or from an investor. After it takes off and there is a great demand for the services or goods, then the retailer must expand or else risk perishing as other businessmen could step into the vacuum created by the inability to increase the production.

right funding

Cash advances are also required in order to upgrade machinery and other office equipment. Mantis funding cash advance comes to the rescue of businesses when they are unable to get required the advances from banks.

Funding after due consideration

Mantis funding cash advances are given after giving due consideration to the duration the owner has been in business, his/her business acumen, the total amount of monthly deposits, and cash flow. It is important to note that such advances are suited to meet a businesses’ need to access instant cash.

Non-trust worthy capital funding companies may charge a fee for their services that is way higher than what the banks charge. If that be the case, clients can look up for the Mantis Funding Complaints to check if there are any negative reviews or not.

When do businesses seek funding?

Mantis funding cash advance is sought out by companies for numerous reasons. The most common of the lot is when businesses face financial instability that can be stabilized with the immediate capital influx. It is also sought out by business owners who are going through a slow season but know for sure that good times are certainly ahead.

Some companies look for merchant cash advances just ahead of the holiday season to boost their stocks in anticipation of bumper sales. Such funding is most perfectly suited for businesses that involve a lot of transactions every month such as bars, restaurants, and nail salons as they tend to have a steady flow of customers predicting a steady income.

Potential borrowers must do adequate research to understand the nitty-gritty of funding before going ahead. At any point, if clients are to be faced with grievances, they can always approach the Mantis funding complaints service to get their grievances redressed.

Convenient services

The biggest advantage of opting for Mantis funding cash advance is the flexibility it offers in repayment tenures. They study the businesses seeking funding before offering any funding solutions. This is because the very purpose of non-banking capital funding is to curate a funding solution that is specific to the risks in the business and that will ensure that they grow and become profitable.

The application and submission procedure is streamlined and very efficient. The team behind it are talented professionals and from different sections of the industry. They can, therefore, understand the clients and use their expertise to get the best funding options for them and can also arrive at suitable solutions for any Mantis funding complaints.

Capital Funding Companies Are The Best Support System For A Small Business

A good number of small and micro business owners are realizing the value attached to capital funding companies like Mantis Funding when it comes to meeting their urgent cash flow needs.

Not that the capital funding companies will simply pass out cash on receipt of a request. They do have their own evaluation criteria. However, when it comes to small and micro business ventures, the evaluation criteria of capital funding companies which rely on reviewing the revenue stream and business model of a company (rather than the credit score) is more practical.

Small Business Needs
The world of business is almost synonymous to a roller coaster ride. And that’s especially true for small and micro-business ventures. There can be a sudden inflow of profits streaming in or there could be a hard cash crunch that can significantly impact the daily operations of the business.

Situations like a sudden increase in product prices, increased wages, change of vendor, rent increase, business expansion plans, etc can arise without warning.

While these cannot really be avoided, availability of sufficient working capital inflow can smoothen the process and get things going in the right direction.

Traditional Funding Options
So yes, traditional cash advance options like banks are there for your consideration when small business cash advances are needed. However, banks may not always consider the borrower’s request.

They are pretty stringent on their terms and conditions and rely heavily on the current credit score of the borrower for sanctioning a cash advance. Additionally, banks do not find it profitable to find particularly small cash advances which may cause an instant rejection.

And then, there are other issues to consider. The process of applying for a cash advance, the verification of the borrower’s credentials, and the cash advance sanction is a time taking one. When merchants face a cash flow need, time is something that they don’t have on their side.

Getting instant cash inflow straight to their accounts on flexible repayment terms is the need. That’s exactly where capital funding companies come to play like those offering the merchants a quick Mantis Funding cash advance.

How Do Capital Funding Companies Work?
When you need a very small cash advance that’s just sufficient to tide over your ongoing rough patch, capital funding companies like Mantis Funding are the best possible options around. Where traditional funding options fail to support, capital funding companies help small merchants by giving them exactly what they need with minimal complications and at an instant pace.

Capital funding companies like Mantis Funding work by reviewing factors like your revenue stream, your customer base and the overall business model rather than solely relying on the credit scores. This how they determine the reliability of the borrower and once the same is established, a quick agreement on repayment terms is settled.

Repayments of Mantis Funding cash advance are usually flexible and are carried out by “split withholding” manner wherein a small percentage of the monthly credit sales of the business go as repayments. The deduction at source (and at par with the monthly sales) is often a convenient factor for small business owners who do not have to rely on keeping a fixed repayment value, as with traditional banking options.