Use Cash Advance to Follow an Ambitious Business Growth Plan

So you’ve done the groundwork and established a reasonably successful small business. Now you want to grow but working capital funding is a problem. Here’s how a merchant cash advance from Mantis Funding can help you in your small business growth plans.

If you’ve ever tried approaching a bank for a small funding, you know how hard it is to get approval. Banks hesitate to sanction funds for small businesses, especially those that only want a small amount. They have stringent eligibility criteria.

Your application may get rejected if you have a poor credit score, even though your business revenues are reasonably healthy. Moreover, the process of approval is time-consuming and could take weeks to months. But what do you do if you have to pay the deposit for a new storefront immediately?

How Is A Cash Advance Different?

A cash advance from Mantis Funding could be the solution to overcome the above-mentioned challenges. The company has a quick and easy process for approvals. If found to be eligible, you could get funding within a matter of days, not weeks. The company does not consider the credit score as eligibility criteria.

Instead, it looks into whether your business has been generating steady business revenues in the past and current times. As long as you can have documentation to prove this and can provide basic business information, you have a very strong chance of getting approval. The company accepts financing requests for small as well as large amounts.

How Do You Pay Back?

Once Mantis Funding reviews your application and finds that you qualify for a cash advance, it matches you with an appropriate lending option and puts forward a funding proposal. In the cash advance model, you repay from future receivables. A certain percentage is deducted from future sales.

The process continues until the entire lump sum, as well as applicable fees, are paid off. For a reasonably successful small business with strong sales figures, repayments should not be a problem. Another advantage of this model is that payments can be designed to complement revenue flow. You pay more when you have more sales or pay less when you have fewer sales.

Potential Uses of Working Capital Infusion

There are many interesting ways to use a cash advance for business growth. You can open a new storefront at a strategic location. You may use the money to implement a low-cost digital marketing campaign or a social media marketing campaign and connect with local community members.

You can also use funds to hire additional staff or buy additional inventory for the holiday season. Not only will this help you increase sales but also help you provide superior customer service. With superior customer service, you have an opportunity to convert first-time shoppers into loyal customers.

Taking cash advance from an unreliable company can lead to a can of worms. To avoid potential risks, check Mantis Funding reviews online and then fill out the application form. Once financing is approved, you can get started on the path to business growth!

How Cash Advances Can Help Solve Small Businesses Financing Challenges

While juggling multiple tasks, small business owners also need to ensure smooth cash flow and an adequate amount of working capital. Obtaining finance from traditional money lenders such as banks is not easy. Whether you need business financing at present or not, identifying alternative funding sources such as Mantis Funding and solutions such as cash advances can save you from worry and stress during an unexpected emergency.

Swift and Hassle-Free Approvals Process

Cash advances have emerged as popular solutions for small business financing challenges. Companies like Mantis Funding facilitate quick and easy cash advances for small business owners and support them when conventional money lenders simply won’t.

While banks are reluctant to sanction funds for small business owners with low credit scores, companies that offer cash advance solutions do not consider this as a critical criterion. A company like Mantis Funding considers consistent business revenue as the main factor for approving funds.

Accommodate Requests for Small and Large Amounts

Sometimes, small businesses just need a small amount to tide over an immediate cash flow crisis. Small businesses typically do not have large cash reserves and unexpected expenses can throw their accounts out of gear. Banks do not find it profitable to advance small funding and may reject the application.

Cash advances have high approval rates and there is a restriction on how much financing can be requested. Moreover, banks take a long time to process and if you need financing immediately, they’re not a good option. For cash advances, if you have the necessary documentation and agree to the terms of the contract, funds can be transferred to your bank account in just a few days.

Offer Flexible Terms of Repayment

Not only does a company like Mantis Funding review applications quickly, but it also offers flexible repayment solutions. If you apply to a bank, you will have to pay a fixed amount in installments every month. The cash advance model works differently. Here, repayments are done through a percentage of future receivables.

The percentage is usually fixed but the actual amount paid can vary, depending on future sales. This is a good solution for small seasonal businesses because their revenues oscillate in peak season and lean season. The cash advance solutions allow for adjustments until the entire advanced amount and applicable fees are paid off.

Tips to Find Reliable Service Provider

Not all companies that offer cash advances are the same. It’s important to shop around to find a reliable service provider. If you look at Mantis Funding reviews online, you’ll find that, by and large, there is positive customer feedback. The company is regarded as a trusted business financing lender offering the best solutions to small and micro-businesses.

In case of complaints, the company works with clients to find an effective resolution. With this company, you can rest assured that once your application gets approved, the funds will be transferred quickly and you can use the fresh capital infusion for any business-related purpose, whether it is maintaining payroll, buying new equipment, or adding inventory.

Save this information in your memory – you never know when you may need an alternative source of working capital funding!

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.

The Significance Of Working Capital

Working capital is the fund that is required to carry out the daily activities of a business organization. The efficient management of working capital is important as it is the lifeblood of the industry. Working capital enables companies to cover their day-to-day expenses. Big business enterprises generally have sufficient working capital to tide them over.

However, small operators often find it difficult to streamline their working capital as they are often strapped for cash. They find it difficult to get money from banks as they usually do not have good credit scores nor do they have any collateral to bank on. Capital funding companies such as Mantis funding cash advance come to their rescue and provide them with sufficient funds so that they can continue operations without delays or interruptions.

The need for a continuous supply of working capital

Working capital is important as it increases the operational efficacy of business organizations. It also increases their chances of profitability and growth as they get the funds to invest in equipment and personnel.

Mantis funding cash advance is aimed at helping small businesses capitalize on opportunities for expansion. They require minimum documentation and once the business qualifies as per their requirements, Mantis funding cash advance is immediately released. Funds are transferred immediately so that the business can continue its operations without glitches.

Help from experts

The team members of capital funding companies are professionals who leverage their experience in different industries to help out customers who need help with funding solutions to their Mantis funding complaints. When a company applies for Mantis funding cash advance, the team swings into action and uses its skills and expertise to get the business on its feet again.

These are usually small duration cash advances meant to meet immediate cash requirements. The repayment options are flexible like the split percentage system where a percentage of the sales that have been agreed upon is deducted at the source.

Get the help you need, without hassle!

Getting a merchant cash advance is not difficult. The risk and weight norms that capital funding companies consider are vastly different from those considered by traditional bankers or lenders. They look at the business model, revenue stream and bank statements as opposed to the current credit score, which is what banks take into consideration.

Potential borrowers would no doubt have numerous concerns about the funding, the procedures and repayment options. All of these concerns can be addressed by looking up the Mantis funding complaints carefully. This will help the potential borrower make an informed decision as to the type of funding required.

Business transactions of any kind are susceptible to problems or issues. This is not necessarily a bad thing. In fact, companies can service customers better when they are faced with Mantis funding complaints. This will help them come up with solutions that address the concerns that have been raised. Thus by looking up Mantis Funding complaints, one can know the quality of customer service.

Smooth Working Of The Business With Sufficient Working Capital

Working capital is the life and soul of a business enterprise. The amount of working capital determines the financial stability of a company. It is needed to run the daily operations of the company efficiently without hitches. Lack of adequate working capital could result in stagnation and ultimately bankruptcy of a business enterprise.

Investors are interested in investing in a company whose working capital corpus is healthy and prospects are good. Sufficient working capital allows a company to take on new projects which need a sudden infusion of funds without a hiccup. It also allows the company to meet emergencies without faltering.

Trade discounts and other concessions often come their way when suppliers are paid on time. This, in turn, allows them to offer their products at competitive prices and lead the market, way ahead of their rivals. The entire management team is upbeat and confident when there is sufficient working capital.

This is why business finance lenders such as Mantis Funding are always around to help out with merchant cash advances when needed.

Prompt Cash Advances By Business Money Lenders

Merchant cash advances by lenders such as Mantis Funding are extensively used by small and medium businesses who are unable to access funds through other means. Businessmen look for funds during an emergency and these lenders respond very quickly to their needs. They do not need a credit history.

They only look at the credit card statements, both the past and the current, to ensure their client has a sufficient volume of sales to repay the cash advance. They also have talented teams of professionals who are well acquainted with different industries and very knowledgeable about their funding needs too. They are thus able to provide creative solutions to their clients and match the funding options with their business needs.

Tiding Over Crises With Injection Of Working Capital

There is no doubt that businesses need working capital for their various expenses such as payroll, debt repayments, taxes, to buy supplies, and to meet all overhead costs. Lack of sufficient working capital means that their assets are equal to their liabilities and there is no balance amount to meet their short term requirements.

The ideal working capital ratio is between 1:2 and 2:0. Any number below 1 implies that you have a crisis and any number above 1 indicates you are safe. In the event of a crisis, they will have to resort to borrowing from business finance lenders such as Mantis Funding.

If your ratio is above 2, it indicates that you are not managing your working capital wisely and that there is a lot of money stuck in assets or debts that have not been cashed. Declining working capital is also a pointer to declining sales and should alert the management so they can bring about remedial measures.

Choosing The Right Lender

Working capital funds are taken by the management to finance the daily operations of their business. These are short term funds that are used to pay short term expenses. They can be used by business owners to make smart investments to help in the short term growth of the company. There are many lenders who offer short term working capital funds to businesses.

It is, however, important to choose authentic and reliable lenders such as Mantis Funding to ensure you are not taken for a ride. The borrower must read sufficient reviews and testimonials and if necessary speak to some of their clients to find out their experiences with the lender.

These lenders should also have sufficient funds to meet all your funding needs so that you are not left in the lurch in the middle of a project.

Preventing Cash Crunches With Help From Business Finance Lenders

You often hear of small business owners experiencing cash crunches due to the nonavailability of working capital. Cash crises happen because the businesses are small and the volume of business is also small. It is really difficult for them to approach traditional money lenders such as banks and financial institutions as they would want to know their credit history and credit score.

Most of these small businessmen would only have just started their financial history and so it would be impossible for them to have a credit score that is considered suitable by banks. That is why they turn for help to business finance lenders such as Mantis Funding in West Palm Beach to help them to meet their financial needs. These lenders do not follow strict lending criteria and are willing to lend against the number of daily business transactions that they have.

Business Funding Options From Industry Specialists

When small and medium businesses apply for cash advances from finance lenders such as Mantis Funding in West Palm Beach, they get the full sum of money in their bank account very quickly. These lenders clear the funding requirement with minimum documentation. Applications can be made online with no cost involved.

The approvals are done fast because the people who work there are specialists from different industries who know exactly how the business functions. They are thus able to provide these applicants with the most suitable business funding options. They support their business partners with adequate funds so that the borrowers can successfully achieve their business goals.

They also realize the importance of providing financial stability for small businesses in order to help them to initially expand and then succeed gradually. The whole process of cash advance application is streamlined and efficient with excellent communication from the committed team.

Qualities Of A Professional Cash Advance Company

Very often business owners desperately seeking cash advances land up in the hands of unscrupulous money lenders. It is therefore important that adequate research is done especially the experiences of previous borrowers to find out which is the right company to approach. It is extremely important that the lender you choose has sufficient lending limit so that all your cash advance needs can be met from a single source.

The lender should be flexible and you should be able to use the funds for the expansion of your business. Moreover, there should be sufficient flexibility in terms of the cash advance. Good lenders such as Mantis Funding will explain the terms in detail to the borrower so that there is no misunderstanding.

The borrower should clearly know the pros and cons of the funds before signing on the dotted line. All questions must be answered so that an informed decision is made.

Business Growth With Strategic Partners

Borrowers must keep away from lenders who have been involved in scams and choose ones with good reputations. Speaking to previous borrowers, understanding the type of experience they have had with the lender, and also looking up reviews are ways to locate a genuine and trustworthy business finance lender.

These lenders should have been in the business for a long time so that they have the knowledge and the skill to address your funding needs. Mantis Funding has an impeccable team of specialists from different industries who are able to match cash advances with the needs of the borrowers.

If your lender is also your strategic partner, you could receive management assistance which will stabilize your business and result in its growth. Since there are professionals working in these lending institutions, you could benefit from the depth of their knowledge about your type of business.

Importance of Working Capital To A Business

Working capital is crucial to the survival of any business, be it big or small. It is the amount that is left over when you subtract the liabilities you have from your assets. The greater this amount, the more successful and stronger is your business.

Working capital is used to expand the business and increase its growth potential. Working capital can be used to manufacture new products or to add to the products of a retailer. It could also be used to purchase machinery and inventory.

The company hires more personnel using this money or uses it for employee training. It can also be used to meet unexpected expenses. Thus the working capital of a company is used to run the daily operations of a business organization.

If the working capital corpus is low, or there are expansion plans, companies borrow money from lenders such as Mantis Funding to ensure they can stay on the growth path.

Looking To Quick Cash Advances from Financial Lenders

The working capital of a company covers costs such as the rent for the premises, the payroll, and any repayment of debts, payment of taxes, and all other overhead costs. This is why it is so important to maintain sufficient working capital in any company.

If this corpus dips too much, it could result in bankruptcy with your company closing down. It could also lead to an inability to attract investment in your company by other investors.

It could stifle the growth of your business and also result in increased cost of inventory as suppliers will be unwilling to give trade discounts to those who do not pay on time. That is why finance managers quickly look for lenders such as Mantis Funding who responds to financing requests with minimum delay. They also provide flexible repayment opportunities giving the business an opportunity to stabilize itself.

Business Funds versus Cash Advances

Mantis funding cash advance is different from business funds obtained from traditional banks as the future sales of the business are offered as collateral for the cash advance. This merchant cash advance is given on the basis of future revenue.

In banks, the entire amount is handed over to the business owner and the interest rate applies as long as the fund is pending. The cost & term rates vary depending on the duration of the term.

In cash advances, however, the cost & term rate is agreed upon at the very beginning and the borrower is expected to work towards paying off the entire amount. The greater the sales for the day, the greater will be your payment. There is no fixed payment that has to be made on a monthly basis and this flexibility ensures less stress on the business owners when business is slow.

Easy Tracking Of Cash Advance Repayment

Merchant cash advances by Mantis Funding is easy to track as payments are made by customers using a card machine. The lender and the payments provider work in unison to ensure the percentage agreed upon reaches the lender during each transaction.

The lender is also able to keep track of the total sales for the month. The merchant is able to factor in his costs including the repayment costs right from the beginning.

Each payment brings down the total debt amount, which can be quite comforting. There is also no money to be put aside as the percentage due to the lender goes out with each transaction. Cash advances are usually taken when the working capital dips and there is no other avenue of credit.

The cost and term rates can be rather high which is a deterrent but the lack of the need for collaterals makes this way of cash generation rather attractive.

Mantis Funding Provides Adequate Fuel For The Growth Of Enterprises

Funding serves as the fuel which pushes the business 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 your own savings, a cash advance, or from an investor. After the business takes off and there is a great demand for your services or goods, then you must expand or else perish.

You could perish because other businessmen may step into the vacuum created by your inability to increase your production. Cash advances are also required if the business needs an upgradation in machinery and other office equipment. Mantis Funding company comes to the rescue of such businesses when they are unable to get the advances from banks.

Criteria For Getting Cash Advances From Mantis Funding

Mantis Funding cash advances are given after consideration of information such as the duration the owner has been in business, his business acumen, the total amount of monthly deposits, and cash flow. It is important to note that merchant cash advances are short term cash advance and must be paid back quickly.

Capital funding companies charge a fee for their services which is higher than what the bank charges. This is why it is important that business owners do adequate research before signing the agreement. Businesses that need cash quickly and already have a credit card transaction background are suitable for merchant cash advances.

When Should You Go For Merchant Cash Advances

Mantis Funding options are suitable for businesses who are very sure they will be able to pay back the money. It is also suitable for 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.

It is also suitable for a business who has a lot of transactions every month such as bars, restaurants, and nail salons. There should be a steady flow of customers predicating a steady income. It is important that potential borrowers do adequate research to understand what it is all about before deciding to go ahead.

Benefits Of Utilizing The Services Of Mantis Funding

The biggest advantage of opting for Mantis Funding cash advance is the flexibility it offers in repayment tenures. They also study the business before giving them funding solutions. They are thus interested in the success of the business ventures they promote and ensure that they grow and become profitable.

The application and submission procedure is streamlined and very efficient. The team that works here are very talented and professional and drawn from different sections of the industry. They are able to, therefore, understand their clients and combine their expertise to get the best funding options for them.

Constant Working Capital Flow: A Must For SMEs

Money is the most critical factor for a business, irrespective of the size, nature or sector. From the initial investments required to start a business to the constant working capital that is required for smooth operation in a business lifecycle, cash needs are a constant.

While established large business enterprises often do not face sudden capital flow issues, that’s definitely not the case with small and medium scale enterprises (SMEs). Sudden roadblocks are a frequent occurrence in the world of SMEs and so is the need for instant cash flow.

However, business worlds are no longer dependent on banking institutions alone. There has been a wide acceptance for nonbanking institutions like Mantis Funding LLC, especially amongst SMEs.

The need for working capital
Cash flow problem is the most common apprehension for an SME owner. Working capital is required throughout the lifecycle of a business venture to manage daily operations along with plans for growth and expansion.

However, reasons like receipt of late payments by clients, sudden payment needs due to a rise in product prices, usage of funds for increased rent or wage payments are just some examples of the same. With a shortage of working capital, SME’s sometimes face serious business threats like closure for a short period, the decline in production or even refusing some lucrative client offers that ensures good future business.

Advantages of obtaining a merchant cash advance
Facing such sudden cash crunch scenarios creates serious losses for SMEs in the long run. And then, the possibilities of obtaining advance cash support from traditional banking setups is usually not feasible for small and medium scale ventures.

This is when capital funding companies like Mantis Funding LLC play an important role in supporting SMEs. By simply reviewing the overall revenue history of the SME, Mantis Funding cash advances are instantly released to rescue SMEs from a crisis situation.

Following are some key advantages of choosing Mantis Funding LLC for working capital advances:

1. More emphasis on revenue stream- Capital funding companies like Mantis Funding review the borrower’s revenue history rather than emphasizing on the present-day credit score. Since repayments are directly based on the credit swipe transactions, the approvals (if the revenue stream history is positive) are almost instantaneous.

2. Flexible repayment options- Repayments are always designed to be on par with the monthly sales. A percentage of monthly sales is cut at source for repayment of the cash advance. The option is hence pretty convenient for SMEs who do not have to plan financial savings for cash advance repayment. Additionally, there are no limitations of tenure for cash advance repayment which is extremely attractive for SMEs, especially those dealing in seasonal businesses.

3. Online and hassle-free application procedures- Yes, the ease of applying online along with a quick review of the documents and instant transfer of funds is one of the most attractive features of capital funding companies like Mantis Funding LLC. Saving their precious time.

Easy top-up options too
Yes, most capital funding companies offer quick top-ups on the existing cash advances if an SME faces conditions of higher need. While traditional banking institutions do not offer such facilities, Mantis Funding cash advances can be easily increased with a top-up application to the lender.

Constant working relationships with SMEs enable capital funding lenders to understand the exigencies of a business world better and hence come out with more flexible and customer-friendly solutions.

Getting Funding for a New Supplier Is Not Always Easy

Every business, large or small, that sells a product must have a supplier for that product. When you contract with the supplier you agree on the terms. It could be regular deliveries of a specific amount of product or it could be an on-demand situation where you order the product as you need it.

Regardless of the arrangement, you have made you need your supplier. One of the worst things that can happen, particularly for a new small business, is for their supplier to close its doors.

If it is a common product sold by many vendors your problem is simply finding the one that can give you the best terms. If you have a specialty shop finding a new supplier is more challenging. Regardless of which type of vendor you need one thing is for sure, the terms will be different, probably priced higher, and you will need them fast.

You may also need a small loan to replenish your inventory quickly before you had intended to because you have to ensure the new supplier is as reliable as the previous one was. But where do you get the funds?

Can You Go to the Bank?
Banks loan money. That is a part of their business model. But banks don’t loan money to just anyone and they have strict requirements for loan approval. They also may not wish to loan the small number of funds you need and may question why you hadn’t set aside funds for this type of situation. In other words, you may not meet their requirements and you may simply be turned down for the loan.

Your problem is that you don’t have the time to apply, get reviewed then get turned down. This is where capital funding companies like Mantis Funding come in. They deal only with micro or small businesses and understand the challenges that these businesses face. When you contact them for a Mantis Funding cash advance, they get to work immediately.

What Do They Do a Bank Doesn’t?
Mantis Funding reviews your business, not your credit score. They look at your revenue stream, your product, and your customer base. They do not exist to simply pass out cash, they have to ensure that your business model is viable and that you handle the revenue from it responsibly.

Once they decide that you are a good risk they work with you to determine payment terms that you can meet. They also offer flexible repayment plans that can be handled in different ways.

Once you agree on repayment terms and sign the contracts, within hours the funds you need are in your bank. The rest is up to you. Just take the time to research any capital funding company you consider so you know you will get the type of money you need with a company you like. For example, by looking up Mantis Funding complaints, you can see how they have worked with people in the past when a problem arose.