5 Types of Alternative Financing Services All Entrepreneurs Should Know About

For small businesses, it is critical to have access to fast funds. While in most instances, their liquidity requirements are small (less than $10,000), the speed of funding is vital. The traditional banking sector has, sadly, not been able to serve the needs of SMEs – the approval time generally extends into weeks, rejection rates are high, and funding offers are rigid. And if by chance, the owner or the business doesn’t have a good credit history or collateral, then the chance of getting the funds become razor-thin.

The failure of the traditional financial sector prompted SMEs to look elsewhere, and they found a perfect partner in alt-lending institutions, who provide fast and flexible funding to all sorts of businesses – even the ones deemed high-risk.

Here is a list of the most useful types of alt-fin services for SMEs –

Equipment Financing: For SMEs looking to upgrade or add new services, the high cost of equipment is usually their biggest expense (and hence, a roadblock to growth). Alt-lenders such as Mantis Funding, which primarily serve New York-based businesses, offer two types of equipment financing – leasing aid and equipment purchase funding. In both these offers, the business owners just need to put in a small initial amount while the rest of the expense is taken care of by the lender.

(Recommended for businesses that don’t have enough cash reserves for purchasing expensive equipment or don’t want to tie up cash reserves in large equipment payments)

Business Line of Credit: A perfect option for small businesses looking for long term funding! A line of credit works just like a credit card wherein a certain amount is agreed upon between the lender and the client. The business owner can withdraw and use the sum as and when required and only pay interest on the amount used.

(Recommended for businesses looking for capital for long-term operational costs such as working capital or as expansion funding)

Accounts Receivable Financing: Using their business receivables (such as invoices) as collateral, SMEs can generate capital through alt-lenders. Companies like Mantis Funding reviews the receivable and purchases it for cash. When the money flows in, they get repaid automatically.

(Recommended for businesses strapped for cash due to slow payments from customers)

Merchant Cash Advance: A merchant cash advance (MCA) is like an advance on a business’s future earnings. It is decided by looking at a  projection of future earnings, based on past revenue patterns. For example, Mantis Funding reviews quarterly or annual revenue flow of a company and, based on that, advances a cash amount. The repayment is made as a percentage of their daily sales.

(Recommended for companies in need for quick and small funds to tide over urgent cash flow problems)

Purchase Order Financing: For businesses, which have pending orders but are having trouble fulfilling them as they don’t have immediate capital to buy manufacturing supplies or pay for business expenses, purchase order financing is a perfect funding option. They can sell a customer’s purchase order in exchange for capital and fund the manufacturing costs.

(Recommended for businesses looking to expand their services with new clients)

For entrepreneurs, doing business has become a tad more manageable with the support of alternative lenders. Whether they need to get through a tough cash flow situation or grab a sudden business opportunity – SMEs can now be sure of gaining access to fast and fair funding deals through agencies like Mantis Funding.

Why Is Quick Funding Important In Small & Medium Businesses?

The importance of non-bank funding organizations giving quick cash advances to meet immediate needs is getting popularity quite increasingly. The funding by these organizations is much favored by small and medium scale business owners as the assessment criteria depends on the income stream and plan of action of the business.

Additionally, reliable and established companies provide the borrowers with a department where they can express their complaints named Mantis Funding and get them settled by a group of professional experts.

Why does a business need instant Mantis Funding Cash Advance?

A lack of access to capital that could essentially affect the everyday activities of one’s business could emerge all of a sudden. An unexpected upsurge of item costs, an increase in wages, change of clients, an increase in rent or just a business plan of expansion. All these could result in a quick demand for cash.

While these circumstances can’t be evaded, the accessibility of adequate working capital inflow can smoothen the procedure and get things moving the correct way. Therefore, an instant Mantis Funding Cash Advance becomes possibly the best solution for dealing with such challenges.

Why choose Alt-Financing over banks?

Traditional options like banks are very particular and strict about their terms and conditions and fundamentally consider the present credit scores of the applicants during the approval procedure. The application process, verification process, and approvals are tedious and lumbering.

That is why when small scale business owners look for funding, time is of the quintessence as prompt capital convergence is required to recapture monetary dependability. Moreover, the Mantis Funding Complaints team guarantees the endorsing of cash advances immediately, in contrast to banks. Getting quick cash inflow straightforwardly to your business account on adaptable repayment terms is the prerequisite and that is actually where alternative funding organizations come into the scene.

How to find a trustworthy alt-financing company?

Whenever a business needs an exceptionally little cash advance that is adequate to hold over the crisis, non-bank alt-funding companies like Cresthill Capital and Mantis Funding are the most ideal choices accessible. Where conventional funding choices neglect to help, these non-bank funding companies help SMEs by giving them precisely what they need with insignificant intricacies and most importantly at a faster speed.

They verify factors like the income stream, client base and the general plan of action instead of exclusively depending on credit scores as banks do. This is how they decide the credibility of the applicant and once everything is good to go, the repayment terms are settled in an agreement quickly.

Repaying a Mantis Funding Cash Advance is normally customizable and is done in small parts wherein a small fixed percentage of sales are given out on a monthly basis. This type of flexible and easy repayment option serves as a helpful factor for entrepreneurs who don’t need to depend on keeping a fixed value like they do in the case of banks.

Alternative Lending- A Comprehensive Solution For Modern Entrepreneurs

Numerous small and medium scale business owners are nowadays going for alternative lending companies when they need some funding to get past an unpleasant phase. This isn’t simply because such companies help businesses with sufficient money immediately, but also on account of the client-friendly communications. For example, we as a leading non-bank financing company, give you a dedicated team to voice your Mantis Funding.

Generally, the funding applications of small and medium scale businessmen were turned down by traditional lenders. Nevertheless, these days they don’t need to be contingent just on banks. Alternative financing companies like us can make all the difference. We give Mantis Funding Cash Advance offers to deserving entrepreneurs with the primary goal of helping smaller scale ventures.

In contrast to banks, we are happy to finance businesses that haven’t been doing business for several years and might not have an immaculate credit history. Moreover, every one of the issues of the customers is resolved immediately by the Mantis Funding Complaints team of experts.

Unlike banks, leading alternative funding companies usually check out all of the facets of a business. All you need to have is a product, service or idea that is highly in demand. Just in case everything a businessman does is sell Christmas trees and just at Christmas, it most likely won’t have an income stream that will help in the reimbursement.

However, while providing a Mantis Funding Cash Advance we audit the plan of action or business model of the company. What is it selling? Is it reasonable? Would it be able to be extended or can comparative administrations or items be offered later on, which would enable the business to develop? How is the income stream? What does it do with the cash it makes?

Companies that have a solid or developing client base and offer an item or administration that is popular have a decent start at meeting the prerequisites. Just in case their income stream has developed since the business has begun, regardless of whether it developed gradually, it shows that the business is offering something that the public needs.

When we find out what the business owner does with the income and discover it is reinvested in the business, it is another sign that he/she could be a good risk. The needs set on the circulation of income is significant.

However, you may be rest assured after signing a contract with us as just in case you have an issue or doubt regarding the terms and conditions, you can easily voice it. In spite of the way that the reimbursement choices are upon commonly concurred terms and adaptable, conflicts might emerge, and we pay attention to it very seriously. We will work with the customer to get to the base of the issue, discover the reason, discover an answer and set up controls to guarantee there is no rehash of the issue.

How Business Cash Advances Can Help Seasonal Businesses Tide over Cash Crunch Issues

Running a seasonal business is akin to riding a rollercoaster. There are ups and downs, especially with regard to cash flow. Maintaining the business in the off-season and paying for unexpected expenses can be particularly challenging, especially since it’s not easy to secure funding from banks for such businesses. Business cash advances from companies such as Mantis Funding can be an attractive alternative source of financing.

Challenges of Seasonal Businesses

Seasonal businesses are unique! They allow business owners to make maximum transactions during a certain period of the year but can experience massive falls in revenue during the off-season. Examples of seasonal businesses include landscaping, vacation rentals, sports bars, and snow removal businesses to name a few.

However, businesses still need cash flow in the off-season to cover payables which remain the same throughout the year. Smart businesses try to scale back operations during the off-peak season or try to find alternative sources of revenue. However, there may be sudden expenses that require a quick infusion of working capital.

Banks Are Not The Best Option

A business cash advance from Mantis Funding can be a reliable source of financing for small seasonal businesses that find it difficult to secure funds from conventional money lenders. Banks often have stringent criteria for approvals and take into account various factors such as personal credit score before approving.

They may also ask for collateral before granting a cash advance. Moreover, the time-consuming process of approval and a fixed schedule for repayment can be a burden on the business owner. Small seasonal businesses would find it challenging to secure and repay in such cases.

Easier Approval Process for Cash Advances

One benefit of a business cash advance is that a company like Mantis Funding reviews applications rapidly and clients do not have to wait for months to get the lump sum amount in their business bank account. When you need urgent capital infusion to cover payroll or purchase goods available at a discount, this factor can make a huge difference.

Moreover, the business owner’s credit history and history of seeking business funds are not taken into account. For business cash advance approval, factors such as the ability to pay through future receivables, business models and customer base are taken into account.

Flexible Repayment Terms

Repayment for a business cash advance is in the form of a percentage of future sales that is given to the lender on an agreed periodic basis. The repayment schedule is often flexible and you can pay back more when you have more sales or pay less when you have fewer sales.

Since there is no physical collateral involved, applicable fees may be higher and the terms of the agreement may be very strict in order to protect the lender’s interests. It’s important to read the fine print and research into companies offering business cash advances before committing to one. Mantis Funding reviews online are mostly favorable, with many satisfied customers providing positive feedback.

Don’t let cash flow woes become a roadblock to the success of your seasonal business. Get over cash crunch problems with a business cash advance!

Five Ways Small Businesses Can Use Cash Advances to Grow their Business

For small businesses in America, cash advances are a useful working capital financing tool that can help avert crises and open doors to opportunities. Given below are some situations when the services of working capital funding companies like Mantis Funding can be a life-saver to micro or small businesses.

Purchase New Inventory

If you’re in the business of selling physical inventory, there are bound to be times when you’ll need extra working capital to purchase fresh inventory either to overcome shortages or prepare for busy seasons such as the holiday season. Without an adequate amount of inventory, you could end up losing out on sales during a profit-making period. By using working capital solutions by Mantis Funding, businesses can make sure they have enough inventory to meet consumer demand.

Cover Unexpected Expenses

There may be sudden, unexpected circumstances that require a quick infusion of working capital. For example, you may have an opportunity to purchase inventory at attractive discounted prices. You may experience equipment breakdown and have to repair or purchase new equipment to keep your business running. Mantis Funding reviews your application quickly and you can get your cash advance within a few hours or just a couple of days if everything is in order.

Meet Payroll Obligations

Sometimes, you may face the situation of having to miss payroll. If you know you’re going to miss payroll, you should act quickly to make working capital arrangements so that you won’t have to face potential risks such as lawsuits and tax liabilities. A traditional money lender may not be as understanding of your challenging circumstances– but Mantis Funding can be.

When providing working capital solutions to customers, there is no restriction on how the cash advance will be used. All that is considered is your ability to pay back the cash advance in a phased manner.

Overcome Cash Flow Shortages

Small businesses often face cash flow system problems due to a lack of a proper accounts receivable system. If you find that your business is short of working capital because your customers have not paid you, Mantis Funding can provide a cash advance to cover expenses in the interim period.

If you’re considering renovating business premises, you may find that traditional money lenders may not be excited about lending a small amount such as a few thousand dollars. There are no such restrictions when you are applying for a cash advance.

Obtain Financing Even if You Have Bad Credit Score

A traditional bank may reject your application if you have bad credit ratings even if your business is profitable. Mantis Funding reviews each application based on proof of consistent business revenue in the past and current times. It does not take credit rating into consideration.

The method of repayment for a merchant cash advance is also different – you will have to pay a percentage of revenues coming from sales on a periodic basis which allows you to pay back at the pace of your sales.

If you are faced with any one of the above-mentioned circumstances, you may consider merchant cash advance as a suitable working capital funding solution!

Importance Of Efficient Management Of Working Capital

Efficient working capital management is essential for a business to survive and free up cash that could be used to clear up debts or invest in another profitable venture. In small businesses, however, liquidity is always an issue mainly due to the scale of its undertakings. Most of them require injections of cash regularly at least initially to prop up their working capital and keep the venture going.

This inflow of cash happens with the help of business finance lenders such as Mantis Funding LLC or even from the personal funds of the business owner. Good management of working capital is an indication of the financial strength of the company. It helps them to meet their payment obligations easily.

It increases their liquidity and ensures it does not have to borrow from external agencies. The amount of working capital that a company has is also an indication of the profitability of the business.

Advantages Of Efficient Management Of Working Capital

The business value of a business that manages its working capital efficiently increases due to the greater cash flow. Prompt payment of suppliers and trade partners results in trade discounts and easier payment terms and thus helps to decrease the cost of inventory. When suppliers are paid correctly, there will be no interruption in the supply of raw materials leading to uninterrupted production.

These discounts also make it possible for them to supply their goods at competitive rates as compared to their rivals. They are always able to ensure that their clients receive their orders on time. This chain of positive events ultimately results in great financial benefits for the business.

Sufficient stock of raw materials will also result in the ability to meet unexpected demands without a hitch and without resorting to cash advances from financial firms such as Mantis Funding LLC. Efficient capital management is also essential for the firm to survive any unexpected crisis.

Factoring In Your Expenses Correctly With Cash Advances

The repayment of merchant cash advances from firms such as Mantis Funding is done in the same way as paying off term debts. At the outset, the borrower will know his outstanding balance and he has to make regular payments until the debt is cleared. The retrieval rate is fixed at the time of getting the cash advance and this amount is deducted from the daily revenues.

The card processing company handles this split processing so that the payments are done for every transaction that takes place. These cash advances are usually short term debts and every payment results in a reduction of the total cash advance amount.

The disadvantage of taking cash advances is that it is really expensive and could wipe out any profits you make in the short run. The cash advance is taken on the premise that there will be sufficient future sales. In the event that this does not happen, you could be in big trouble.

Easy Funding From Business Finance Lenders

The main advantage of taking cash advances from companies such as Mantis Funding is that it is extremely easy. There are minimum formalities and every effort is made by the lender to make the funds available to you quickly. This ensures that your urgent short term need for funds is met without any waste of time.

There are also no restrictions on how the cash advance is to be used, thus it is possible to use this money for all your funding needs. If you have sufficient sales, the repayment is also done quickly, thus saving you the need to keep aside an amount every month as is done for traditional options.

Take Your Food Business to the Next Level with Quick Merchant Cash Advance

Feeding hungry customers with tasty food and exceptional customer service provide immense satisfaction to anyone invested in the food truck or restaurant business. However, establishment upkeep does not come cheap and oftentimes requires additional working capital that banks and traditional money lenders may not be too keen to dispense. In such cases, a quick and easy cash advance from Mantis Funding can ease your worries and save the day.

Benefits of Merchant Cash Advance
The restaurant business is a cut-throat one and one that requires establishments to put their best foot forward. The paucity of working capital is one of the biggest stumbling blocks to successfully running an establishment. Banks and traditional money lenders consider credit score and collateral security during their long and arduous process for dispensing a cash advance.

Mantis Funding LLC eliminates these challenges by offering merchant cash advance. Even businesses with low credit scores can avail a merchant cash advance upon providing proof of consistent past and current business revenue. In return, businesses agree to deliver a part of future receivables to the funder.

Why Partner Mantis Funding?
This company doesn’t offer to fund to just any business owner – for instance, they don’t provide financing to start-up companies. Mantis Funding reviews individual businesses on merit and then matches businesses with appropriate fund sources.

Once you agree to the terms and sign the contracts, the money is transferred to your business account within a matter of hours. With no cost of application, flexible terms, competitive offers and quick approvals, Mantis Funding stands apart from other companies offering merchant cash advance to small businesses.

How Restaurants Can Utilize Funds
It is strongly recommended that a business owner creates a business plan for the proper utilization of additional working capital. In the restaurant business, financing can be used to open a new location, renovate existing premises, hire additional staff, purchase inventory or invest in an online ordering system.

Restaurants are susceptible to slow business during winter months and may face cash flow problems during those months. Additional funds can be used to pay wages or cover short-term expenses during such periods.

How Food Truck Businesses Can Utilize Funds
Running a food truck can help a restaurant draw new customers and connect with existing local customers. In order to make your food truck business successful, additional funding can be used to pay for the food storage system, truck maintenance, latest cooking equipment, staffing, and marketing.

Even if you are running an independent food truck, Mantis Funding may provide funding. As mentioned, Mantis Funding reviews individual applications on merit and considers past and present revenues as criteria for funding approval.

Don’t compromise on your goal of running a superlative restaurant or food truck business. Get in touch with Mantis Funding LLC and apply for a merchant cash advance!