Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.

Mantis Funding - Merchant Cash Advances

1,483 views

Published on

So, you’re a small business and there are days when money is so tight you wonder if you’ll be able to keep your doors open. Well, have no fear. Mantis Funding, LLC is in existence specifically to help people like you at times like these. It is a financial company that has as its sole purpose, providing loans to small and mid-sized businesses. The company specializes in Merchant Cash Advances for existing businesses. It does not offer start-up lending.

Published in: Economy & Finance
  • Be the first to comment

  • Be the first to like this

Mantis Funding - Merchant Cash Advances

  1. 1. Merchant Cash Advances
  2. 2. So, you’re a small business and there are days when money is so tight you wonder if you’ll be able to keep your doors open. Well, have no fear. Mantis Funding, LLC is in existence specifically to help people like you at times like these. It is a financial company that has as its sole purpose, providing loans to small and mid-sized businesses. The company specializes in Merchant Cash Advances for existing businesses. It does not offer start-up lending.
  3. 3. If you have an existing business the company can provide small loans to companies to meet their short-term cash flow needs. The biggest requirement is that you have a provable revenue stream that proves you will be able to pay off the loan. This determination is based on your future revenue streams.
  4. 4. Why Is This Different Than a Bank? There are several differences between banks and private funding companies. They have different criteria for determining if you qualify for a loan. They have different rules about how much you can borrow. Many banks won’t offer short-term small loans or if they do, they may charge higher interest rates than their long-term loans. You will also have a fixed loan payment that must be paid and paid in full beginning within a month or two.
  5. 5. A private funding agency will offer short-term small loans. That is because those types of loans are exactly why they are in business. The company wants to provide small loans to firms having temporary cash flow problems. These types of loans will enable the borrower to stay in business and gain some peace of mind. It also helps the supply chain down the line and the community as a whole. Mantis Funding does not just pass out cash, of course. Mantis Funding reviews that your business is viable and that must be provable.
  6. 6. How Does It Work? When you first begin to think that you may start having a short-term cash flow problem, that I the time to make contact. You may have heard of a horrendous storm coming through or a road improvement project that will be concentrated right where you are sitting. You can anticipate the amount of business you’ll lose and for how long. When you review your accounts payable, notice you’ll realize that you’ll be short some cash for accounts that are due.
  7. 7. This is when you contact Mantis Funding. You will likely have a cash flow problem and you don’t want to wait until you are already feeling it. You want to be able to handle it when it comes up. It is your reputation after all. It is also important you consider the reputation of the company you turn to. For example, by looking up Mantis Funding complaints, you can likely get a feel if you like how they do business.
  8. 8. When you call the company they will come in and review your figures with you. They will then determine how much of a merchant cash advance you might need to cover your cash flow problem. Then Mantis Funding reviews your prior revenue stream. By doing this they can see if you have a steady income if it is going up, if it is going down, or if it jumps sporadically. Based on this review the company will decide if you are eligible for the loan.
  9. 9. If you are eligible, you will determine the terms of the loan with them, the repayment option chosen and the terms, the contracts will be drawn up and signed. Once you get the contracts signed, within hours, you will have the money you need to keep serving your community.

×