Capital Funds- A Necessity

Every business that sells a product must have a supplier for that product. A contract with a supplier indicates the terms that the parties have mutually agreed upon. The contract could be for regular deliveries of a specific amount of product or it could be an on-demand situation where the client orders the product as the need arises. Regardless of the arrangement, the business has made a need for a supplier.

One of the worst things that could happen, particularly for a new small business, is to lose a supplier. In such a situation, the need of the hour is to find another supplier, and it is not necessary that the new supplier would agree to the same price as the previous one. The business might, therefore, need a small funding inflow to replenish the inventory quickly and this is where Mantis funding cash advances come into the picture.

Why Are Banks Not A Viable Option?

The banks don’t provide money to just anyone and have strict requirements for approval. They also do not generally sanction small funding requirements and question why the business hadn’t set aside funds for this type of situation. In other words, the requirement of the business might not be met with and the funding request may simply be turned down.

Why Is Capital Funding Preferred?

The problem is that small businesses don’t have the luxury of time- if the cash flow needs aren’t immediately met with, the business will be in jeopardy. This is where capital funding companies providing Mantis funding cash advances come in.

They deal only with micro or small businesses and understand the challenges that these businesses face. When a business contacts them for a cash advance, they get to work immediately. Any grievance that might arise may be solved through the Mantis funding complaints service.

How Does Mantis funding Work?

Mantis funding cash advances are based on the business itself and not the credit score. They look at the revenue stream, the product, and the customer base. This is to ensure that the business model is viable and that it can handle the revenue advanced responsibly. In case the cash request is rejected, the client can clarify the reasons for the same by approaching the Mantis funding complaints department. If the business is deemed a good risk, discussions are initiated to determine payment terms that the business can meet.

They also offer flexible repayment plans that can be handled in different ways. Once the repayment terms are agreed upon and the contract is signed, the funds are instantly transferred. Quick research regarding Mantis funding cash advance will help the borrower figure out the specifics of the fund transfer and the company they would like to approach. For example, by looking up Mantis funding complaints, the clients can see how a capital funding company has worked with people in the past when a problem arose.

Stability In Financial Fluctuations

Business fluctuations might cause financial instability. Mantis funding cash advance is one of the best ways that a small business can get the funds they need to weather the hard times. Capital funding companies provide small businesses with immediate cash that they need to make it through hard times.

The best part about these funding companies is that the potential borrower is not required to own a business that has been in existence for years. The cash advance, once approved, is generally transferred within a week as opposed to the cumbersome procedures involved in traditional financing institutions.

Moreover, the services offered are tailor-made to ensure approachability. The Mantis funding complaints platform, for instance, enables potential borrowers to have their queries and grievances with respect to the funding answered by professionals.

What Are The Criteria?

For Mantis funding cash advance, the company first reviews the revenue stream of the business. They look to see whether the fluctuations are at a reasonable rate, what the revenue influx is, the customer base and how the revenue is reinvested into the business.

They will also consider why the business is in need of the cash advance. If the business has a steady customer base or an increasing customer base, along with a good business plan and a viable product, the business is considered a good risk and the cash is advanced.

Flexible Repayment Options

Once the business is deemed eligible for Mantis funding cash advance, the next step is to work out repayment options that are flexible and won’t hit the business too hard. The general method of repayment that is preferred is the split percentage system where a percentage of the sales is diverted from the source towards repayment. The repayment options are based on mutually agreed terms and any grievance that the borrower might be faced with can readily be taken up through Mantis funding complaints.

Hope For Micro/Small Businesses

Variations in business cannot be avoided and well-established businesses are generally equipped with the cash reserve to handle financial instability. However, this is not so for micro or small businesses, particularly if they are just starting up. They don’t have the luxury of a working capital reserve and as they are not well established and their cash needs are smaller, their funding requests are often turned down by traditional financial institutions.

But now, with Mantis funding cash advance micro or small businesses have hope. They don’t have to close their doors simply because they need a few thousand dollars to replace their inventory or wait out the construction in their area. Micro and small businesses can reach out to capital funding companies to meet their immediate cash requirements.

They can always look up the Mantis funding complaints that a company has addressed in order to assess the quality of their customer service. Such examination of the Mantis funding complaints also plays a pivotal role in helping the potential borrower decide whether they want to be involved with the company or not.

Merchant Cash Advances Helping Small Businesses Thrive

Merchant cash advances by companies such as Mantis Funding help small businesses to expand, stabilize, and thrive. It is especially useful for business owners who are low on working capital and need financial help in times of emergencies. Business finance lenders sometimes even make the money available on the same day which can be the difference between survival and closure for some companies.

These lenders are often the only source of credit for companies who are new and for those who have not built up a credit history. A business will qualify for merchant cash advances if they have a great business expansion plan that is unbeatable.

The money lent is for the short term and a percentage is cut from each transaction. The greater the number of transactions in your business enterprise, the quicker your ability to pay back the cash advance.

How Will You Qualify For Merchant Cash Advances

The cash advances taken from lenders such as Mantis Funding is used to pursue growth opportunities or to increase inventory and staff. Companies who experience seasonal spikes in their volume of business also can do well with merchant cash advances. The advance can be paid back through the increased volume of sales during the holiday or festive season.

Businesses that have a steady influx of customers who pay through credit cards do well with cash advances. It is also important to note that these lenders are not under any government regulation and so you must choose to take advances only from lenders with integrity.

The contract should be clear and above board and the borrower must clearly understand what he is agreeing to. They also must clearly be told of all the additional fees they will be paying when they take the merchant cash advance.

Easy Funding With Merchant Cash Advances

The application process is straightforward when you take merchant cash advances from business finance lenders such as Mantis Funding in West Palm Beach. You can apply online too with bank and credit card processing statements uploaded with the application.

The rate of approvals is high and the money is transferred quickly which makes this form of credit very useful for small and medium business enterprises that need money urgently. 

They also offer flexible payment solutions which makes it ideal for borrowers who have slow seasons when their sales are not great and they cannot make the regular payments. The borrowing limits are also flexible depending on the transaction statements of the business enterprise.

Informed Decisions About Merchant Cash Advances

There are many lenders out in the market offering merchant cash advances to those who need it.  If your business works all through the year and you have proof that you can pay back the advance, you are eligible for a merchant cash advance. 

The decision to take the advance must be an informed decision as it is a major financial commitment.  Reviews and testimonials must be taken from reliable websites as well as from the people personally if required. The cost and term rate of different lenders can be compared so you can choose one that is most beneficial for you.

You can make inquiries about their business team, their capabilities, and experience so that you know exactly who you are dealing with.  It is important to speak to them personally and ask as many questions as needed so you understand how professional they are.  Lenders such as Mantis Funding in West Palm Beach who make strategic partnerships with their clients are more likely to be trustworthy.