When it comes to timely and affordable alternate financing solutions, there is only one name that stands out as trustworthy and dependable and that’s Mantis Funding LLC. They provide merchant cash advance to businesses that are struggling with financial problems or those that want working capital to meet growing needs. They understand that a ready pool of funds is essential to managing day-to-day operations, especially in a competitive environment where customers are picky about products and where they buy them.
The words ‘merchant cash advance’ can be commonly found in Mantis Funding reviews. This refers to an alternate funding solution where you received a lumpsum payment which is not based on collateral or your credit history. A certain percentage is cut from regular credit card transactions to pay back the advance. This form of financing is very popular especially amongst small businesses as they can repay the advance from daily earnings, without having to dip into existing cash reserves.
Most small businesses have financial requirements that need to be met immediately. Applying for funds through a bank can take weeks, as they normally follow a lengthy process of application and approvals. On the contrary, when you work with Mantis Funding LLC, they understand that urgent funds are critical to the functioning of your business. This is why, they make every effort to transfer the funds into your business bank account in less than 3 days. In some cases, you can receive the money, the very next day!
As commonly mentioned in several Mantis Funding reviews, the company follows a simple and swift process. To begin, you can fill out the application form and provide identification proof for you and the business. You may be asked for bank statements to show that your business has been generating income. Unlike many other traditional financial institutions, the company does not require you to submit documentation relating to property or any other collateral. Thus, there is no risk involved in this type of financing.
Mantis Funding LLC receives applications from a wide variety of businesses. They have a good track record of approval applications from even seemingly risky businesses such as the trucking sector. They also deal with medical stores, retail stores, nightclubs and several other small outlets. Another advantage of dealing with this company is that they do not require you to submit a business plan. However, you should be able to show that your business is generating revenue.
The good news of dealing with Mantis Funding is that there is no fee attached to your merchant cash advance application. After your application has been approved, their representative will send you a funding agreement. This document will record all the details regarding fees, terms etc. Your assigned underwriter will address any concerns or clarifications that you may have regarding your account or application.