My Worries Are Over Because I Found Small Business Funding

Many small businesses are now turning to capital funding companies when they need small loans to get through a rough time. It used to be the case that if you need a loan you could only go to a bank.

If you were a small or micro business that hadn’t been established for a long period of time, the loan application was turned down. In those days, small businesses turned to family or friends for help. Sometimes they could, but many times they couldn’t.

This frequently led to the demise of the business. Sometimes the owner would save up their money and start again, but many would not. Their dream had ended.

These days, small businesses don’t have to depend on banks. Capital funding companies can save the day. Capital funding companies like Mantis Funding specialize in helping micro and small businesses. Unlike banks, they are willing to fund businesses that haven’t been in business for years, may not have perfect credit and don’t look at other requirements a bank demands.

This is what allows Mantis Funding cash advances go through. But make no mistake, no capital funding company just passes out cash.

What Kind of Requirements Can There Be?
Capital funding companies look at all of the aspects of your business. You must have a product that is in demand. If all you do is sell Christmas trees and only at Christmas, you probably won’t have a revenue stream that will support the loan repayment, depending on when and why you need the loan.

For example, Mantis Funding reviews your business model. What are you offering? Is it sustainable? Can it be expanded or can similar services or products be offered in the future, which would allow the business to grow?

How is your revenue stream – static, fluctuating, growing? What do you do with the money you make? Businesses that have a strong or growing customer base and offer a product or service that is in demand have a good start at meeting the requirements. If their revenue stream has grown since the company started, even if it grew slowly, it shows that the business is offering something people want.

When they look at what the owner does with the revenue and find it is reinvested in the business, that is another sign that the business owner is a good risk. The priorities placed on the distribution of revenue is important. Is it used to increase the inventory of the best selling product?

Is it spent hiring an employee to take on additional services or has the business model added web content to the original model of only website development? This is all a reflection on the owner and how the owner manages the business.

What if I Have a Problem with the Funding Company?
If you have a problem with the funding company don’t hesitate to voice it. Since some of the flexible repayment options involve the business’ payment processor, many times the problem lies there. Mantis Funding complaints are taken quite seriously.

They will work with you to get to the bottom of the problem, find the cause, find a solution and put in place controls to ensure there is no repeat of the problem.

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