Why Opting for Mantis Funding Cash Advance is a better option than Traditional Funding

Growth and Expansion, aren’t these two terms petrify you in a positive way? For sure, an SME owner might feel chills in their spine when they visualize their venture growing like that of Google or Microsoft. However, there is a point where he feels this is just a dream; can you tell what’s that?

Without a doubt, lack of funds. For growth and expansion, it is quintessential to have funds. Withal, considering what traditional channels have done over the years, it is fair to think that their policies offer little or no help to small and medium enterprises. 

The criteria for high credit score and heavy collateral is made keeping the MNCs in mind. They are the ones with a stable revenue stream. Hence, it is easy for them to maintain both aspects. However, the same cannot be said for small and medium businesses.

This standard criterion is unfair to them. A funding partner should not measure everyone’s request with the same criteria. Think of it:

Will a retail store have the same requirement as that of a nightclub owner?

or

Is it easy for a trucking business owner to maintain a credit score or collateral knowing that he might not be able to repay someone due to a delay caused by a truck breakdown on the highway?

Of course, not! Everyone has a different set of requirements and reasons to access funds. This is their basic right, and, no one can deny them from having it. This is the reason behind the inception of the alt-fin firm industry.  Although, many were pragmatic about the approach of the alt-fin firm. Some even tagged them unfits, simply because of their flexible approach. However, they have changed the complexion of the financing industry. They have been the focal point of success for many small and medium enterprises.

With a decade long experience, funding options like Mantis Funding Cash Advance have been integral in maintaining a smooth inflow of cash among the SMEs, which invariably has lead to the expansion and growth of the country’s economical backbone.

Unlike traditional channels, they work to provide an SME owner with a lump sum amount in the form of cash, regardless of credit score or collateral. Besides, they have an advanced fin-tech system which is more of a holistic approach to measuring the creditworthiness of an applicant. Also, this AI/ML backed system is the reason why they are able to provide Mantis Funding Cash Advance within a space of 3-4 days. In case of emergency, this timeframe becomes 24 hours!

Moreover, they have a team of professionals who handle platforms like Mantis Funding Complaints. They ensure that they quickly and efficiently solve the raised questions regarding anything related to their offers and services. Unlike traditional channels, they don’t take ages to respond to an applicant.

However, before you pen down any deal with an alternative financier, ensure that you have done your groundwork properly. Amidst the reliable nd renowned firms like Mantis Funding, there are firms that can hamper your progress. So, it’s better to consult with your peers and go thorough review platforms like Mantis Funding Complaints to have a fair idea of where you are placing your signature.

Finally, There is a Way for an SME Owner to Overcome His Financial Problems! Read to know what it is

Funding is like oxygen; the moment you deprive your business of it is the exact moment where you will stumble upon the ground. Funding plays a significant role in fulfilling everything you dream to accomplish from your business.

However, it is hard to understand that traditional channels don’t get this point. Ever since the Great Recession, it has become really hard to fetch funds from traditional channels. They have changed the pattern of funding by making the tightening their terms and conditions. The worse part here is that lacking any of the specified criteria is a direct question on an SME owner’s credibility to refund money.

The question that stands here is: Will you judge an owner to provide funds with his credit score or with his business model and revenue stream?

There can be ample situations where an owner might have tried to fulfill the conditions but a delay from the client’s for the provides service, a sudden peak in transportation cost, an unexpected new product launch, employees asking better payrolls, and much more. For sure fulfilling these factors does not determine the creditworthiness of an SME owner. His collaterals do!

This is the reason why there was animosity regarding the system that constantly favored the big size firms. A sense of partiality crushed the hopes in the heart of those small and medium business owners who thought traditional channels will help them.

Hence, they ensured alt-fin firms come into the picture to help them. They supported flexible assessment ways. They promoted the Mantis Funding cash advance within their peers. They finally got what SMEs have been looking for these many years.

Who doesn’t support a system that strengthens the backbone of the country’s economy? Mantis Funding Cash Advance is just like that system. It is a cash advance given in favor of future sales on debit and credit cards. However, what benefit it really gives is:

1.      Smoothens the Working Capital

Receiving cash advance can really smoothen the incoming working capital. Often due to lack of funds, a small or medium business owner suffers from poor credit scores and lacks the collaterals that are essential to prove their credibility in the market. With Mantis Funding Cash Advance, this situation can no longer persist. To meet the sudden or heavy-end expenses, an SME owner can work a deal with alt-fin firms to ensure that he is never out of cash for incoming opportunities. Hence, ensuring financial stability for the future.

2.      Extremely Convenient

One of the biggest benefits a consumer gets using Mantis Funding Cash Advance is its ease of fetching funds.  The fact that everything is online augments well with the user. This not only saves effort but also time. Besides, everything is mentioned on the site and made transparent to the user. Be it the percentage of repayment on funds or the way of repayment everything is clearly visible while the online documentation.

Besides, is the consumer feels that something is not clear; these alt-fin firms have a team handling their consumer lines like Mantis Funding Complaints which are ready to solve your problem from the word go.

3.      Easy Qualification

Gone are the days where credit score or collateral determined the credibility of an SME owner. With the inception of alt-fin firms, the scenario has changed. These firms have made it lenient and flexible for SMEs to fetch funds. They have a real sense of economy and understand that SMEs are running the country’s economy.  And, this is the reason why they approve almost every application their way.

Higher framework cost, more assets, and extended timeframe resulting in lower net revenue is the only cause of concern while getting their approval.

What is the Importance of Quick Funding in Small and Medium Businesses?

It is hard to deny the importance of the alternative financing industry in today’s scenario. Ever since the Great Recession struck the financing industry like a bolt of lightning, we have seen alternative financing grow. And, now, when we stand geared for the next cycle of recession, this industry is working behind the scenes to strengthen the base for many small and medium enterprises, the way it did in 2008.

Perhaps, this is the reason why they are dominating the financing sector and are predicted to cover almost one-third part of it by 2026! To top that, they have made funding instant. For instance, the Mantis Funding Cash Advance is a very convenient and quick solution for many small and medium businesses. The funds are processed within a matter of 4-5 days and funds are reimbursed as quickly as possible.

Apart from this, they have an approval criterion which is pretty flexible. They don’t cling to the traditional ways. They have unique ways to assess a business. Plus, they have a reliable and established support department. Like that of Mantis Funding Complaints, they ensure that they handle every client and their problems swiftly and efficiently.

What is the importance of Cash Advance in SMEs?

No one can predict the future, especially a businessman. There are so many fluctuations happening around the world which can inevitably lead to lack of funds in your business/sector.

Hence, this lack of working capital will affect day-to-day operations. This could create a situation where an expansion opportunity could go in vain, lack of meeting an employee’s payroll can lead them to resign and leave, unable to meet the unexpected surge in the pricing of an in-demand item could put your business behind, and there is more to this.

In a nutshell, no one cares about your current status; all they care for is you meeting their expectations. Thus, it becomes imperative for SMEs to prepare for their famine cycle. It is important to plan ahead, and an instant Mantis Funding Cash Advance could help you plan ahead of your time. This will also assist you in improving your credit score, henceforth, your reputation in the market. Besides, smoothening your income stream.  

How to Detect the Sign of Trustworthiness in My Alt-Fin Partner?

In a crowded scenario like today, it is difficult to find an alternative financing partner who you can trust your finances with. Exclusively when most of the firms hide their terms and conditions in a finely printed page with hard to read fonts.

Probably, this is the reason why still many of the SME owners are apprehensive about placing their bet here. However, much to their surprise, there are firms like that of Cresthill Capital and Mantis Funding that believe in transparency. They mention each and every condition before agreeing upon a deal. Furthermore, they ensure that the terms are customized and designed in a certain way that pleases the SME owner.

Also, they ensure that they verify all the factors that make you a suitable contender to get their approval. To check your credibility, they go through:

  1. Your reason to get funds
  2. The smoothness of your Income Stream
  3. Your client  base
  4. General plan to approach your business after funding
  5. Social Behavior with your peers

Once, this is done, they prepare a flexible repayment structure with you think is best for your business. Once everything is done, they provide you with your essential funding.