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.

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.