Merchant Cash Advance a Great Alternative to Bank Financing
If you are a small business looking for immediate access to cash for your daily operational needs, bank finance may not be the right solution for you. Mantis Funding LLC offers cash advances to small and mid-sized business establishments to address this specific need.
Why Merchant Cash Advance is Beneficial? When dealing with a bank or traditional money lenders, a lot of documents need to be submitted and credit risk assessed before your application can be approved. Further, time is wasted for processing the application even if it is finally approved. As a small business establishment, getting funding quickly with flexible repayment options is essential.
Ease of Using a Merchant Cash Advance MCA lending firms such as Mantis Funding do not focus on credit scores to determine whether a business qualifies for a cash advance. They only consider past and current business income for eligibility. A merchant cash advance works quite differently from regular financing.
For example, a business gets lump sum working capital, and the lender remits a percentage from daily or monthly sales made through debit or credit card transactions until the advance amount has been cleared by the business owner. The agreed terms can vary depending on the contract signed by the parties involved. Regardless of the business vertical and a high-risk or low-risk venture, Mantis Funding will render its services unbiased.
The Application Process for Mantis Funding The process for applying for funds is quite easy and quick. The applicant will need to provide a personal and business ID, proof of steady profits in the business, and divulge average revenue received monthly as well as average business is done through credit cards.
Apart from this, you will need to fill the required fields in the application form and mention details about your business, your experience in the industry, and the amount of financing you need. You will also be asked for basic contact details in case the company needs to reach out for any further clarifications or additional documents.
Choosing a Reliable Lending Firm Evaluating different firms to find a reliable lending company may be time-consuming. With Mantis Funding, you need not have any fear. Mantis Funding reviews prove that this company is completely dependable when it comes to dealing with clients and providing customized funding solutions.
Utilizing Your Funds Mantis Funding LLC will not interfere with how a business chooses to use the funds received from them. These funds can be used for the expansion of a business through new investments or purchases, advertisements, website development, or even for the daily operational needs of the business. Once the funds are in the customer's bank account, they have the freedom to use it as they see fit, provided they fulfill the repayment terms according to the signed contract.
Engaging with Mantis has enabled small business establishments to overcome their financial dependencies and focus on business development. Read Mantis Funding reviews online to see how satisfied clients are with their simple and convenient funding solutions.