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.