Before going into any depth of understanding this financing option, we would like to ask you a couple of questions:
- Are you an SME owner?
- Did you approach a traditional channel?
- Were you let down by their ignorant nature?
- Did they make you do rounds for a month before claiming that you have a low CEBIL score?
- Most importantly, do you aspire to change the dynamics of your business?
The rise of alt-funding firms has changed the financing atmosphere. The monopoly is about to end, and, if predictions are to be believed, alt-fin firms will rule the upcoming decade. However, the question here is, why and how?
With an option like Mantis Funding Cash Advance, alt-fin firms have targeted the most crucial aspect of funding. Besides, they have worked to smoothen the painful area of the consumers. On the one hand, people wanted fast cash, easy but flexible repayment, and less hassle. On the other hand, traditional channels were rigid regarding their terms and conditions. Moreover, the repayment structure was a done to death idea of going through the EMI system.
However, with the advent of innovative funding options, the landscape changed in favor of the consumer. Small and medium scale businesses who mostly derive their revenue through card swipes were made to repay the way they wanted. Yes, you guessed it right! The repayment takes place on the overall sales or the future sales of swiped cards. Apart from that, the repayment schemes are made flexible to lessen the burden on the owner. A business owner can opt as to how he wants to pay the funding partner. Be it daily, weekly, or monthly, it’s the applicant’s choice!
Moreover, the funds were provided well in advance, as the name suggests. Hence, the small and medium enterprise owner does not have to wait for months to grow or upgrade. Still, to gain this funding, all you have to do is to maintain your track record and social behavior. Factors like past transactions, fluctuations in revenue, behavior on social media, and your customer feedback, etc., will play a pivotal role in determining whether you will get funding or not. Further, their application process is hassle-free. Away from the heavy documentation, their system, backed with AI/ML, provide a way out in a few step process. In case you feel you are unable to fill the form, you can also contact them on their toll-free number.
Besides, if you feel that there is an issue with the offer or you seek clarity over the repayment structure of your deal, you can raise your query on to their Mantis Funding Complaints team. The people handling this platform are professionals trained to enhance their user experience. Moreover, people are very patient listeners and will understand your problem to help you out.