Business owners should do their research so that they only deal with ethical companies such as Mantis Funding who can provide them with exclusive funding solutions.
2. Mantis Funding provides merchant cash advances. They
deal with small businesses whose income is generated
through debit and credit card sales. Mantis funding cash
advances are made upfront in return for a slice of their
future income until the debt is repaid.
3. The repayment can be done from your future sales or
as daily or weekly payments from your bank account
known as automated clearing house
withdrawals. The factor rate of your business is
based on the risk assessment made by Mantis
Funding executives. The greater the risk the greater
the fees that you have to pay.
5. Mantis funding cash advances are only given to
established small businesses who need money to finance
their expansion plans or other growth plans. They are
not generally given to start ups. This is because the
business revenue that comes in to the company is very
important to determine their repayment plans. The
greater the volume of their business, the sooner they will
be able to pay back their advances.
6. Despite the fact that merchant cash advances are
more expensive, most business owners prefer to go
this route because it is so quick. Cash advances are
approved in less than a week without the need of
umpteen paperwork. Mantis Funding only needs to
know the details of the daily credit card income of
the business organization.
8. Merchant cash advances given by Mantis Funding
LLC do not need any collateral, however, they may
require a personal guarantee from the business owner
making him liable to make the repayment in the event
that his business fails.
9. An agreement is made between Mantis Funding and the
borrower before the cash advance is given wherein they
decide on the advance, payback and hold back amount as
well as the terms of the advance. A percentage of the
daily credit card receipts is held back to pay back the
merchant cash advance. This is in lieu of the collateral
that is not required by Mantis Funding.
11. Obtaining merchant cash advances from Mantis Funding
LLC is suitable for your business enterprise if your credit
score is not great but you want money quickly to take
advantage of a business opportunity. The business
owner has to understand that it is an advance against
future payments from his business income.
12. The funds are received quickly once the application is
made and the repayment also starts
immediately. Repayment is flexible and dependent on
the volume of your sales. Business owners should do
their research so that they only deal with ethical
companies such as Mantis Funding who can provide
them with exclusive funding solutions.